Post
Topic
Board Economics
Re: Bitcoin business success
by
Omighty28
on 10/09/2018, 22:31:58 UTC
From the story of this man from Florida though, there are ways around doing businesses with bitcoin, irrespevtive of the fluctiation amd volatility. Smart businesses are making good use of them. In 2013, a man in Florida called a Lamborghini dealership in Newport County, CA and asked if he could buy a Tesla from them using bitcoin. Other dealers had already turned him down, he said. The dealership was cautious. The car cost $103,000. But the company didn't want to reject a sale so it accepted the payment using Bitpay. The buyer paid 91.4 bitcoins and the seller received the money in dollars. According to CNN, news of the sale prompted ten more potential buyers to call the dealership.