It's great news to know that Bitcoin is being adopted in the automotive industry. The automotive industry is one of the most powerful industries. Bitcoin has only to gain as the car industry supports Bitcoin as a means of payment. I'm sure more and more people will choose this method of payment in the future. I think companies that accept Bitcoin have more customers than those who use only fiat coins.
Agreed just imagine how much bitcoin trading volume, car dealership transactions will add to the Bitcoin chart. Cars are not cheap, also another thing to keep in mind is big companies are trusting Bitcoin for large transactions. It takes a lot of trust in the bitcoin network to consider selling a car for bitcoin. This is great news that companies are willing to trust bitcoin for large transactions, keep in mind these are some big dealerships and many of them are when licensed by major manufacturers. Everyonr should also understand, the manufacturers dont need to accept bitcoin. The dealerships is where the cars are sold. No one goes to a factory to buy a car. They go to their local car dealership.
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BoardBitcoin Discussion
Re: Bitcoin Adoption Spreading Fast In The Automotive Industry
by
Apollo11SaturnV
on 27/02/2019, 22:17:01 UTC
Someone with a large following should post this on twitter.... and reddit too. I would do it myself but i only got like 12 followers on Twitter and i dont use reddit, but theres a lot of other people that do.
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Re: Well-researched bitcoin article by SeekingAlpha pointing out interesting data
Woah, pretty extensive read. One thing I noticed though, is the author seems to assume that blockchain.com wallets is the only one available for Bitcoin users:
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therefore, if 3 million active Bitcoin users represent about 17% of all Bitcoin owners, then the total number of Bitcoin owners around the world is only around 17.6 million.
He is quite right for that number of active users and I think it might be even an overstatement.
Let's say 3 million "active" bitcoin users, so that's at least 2 tx a month to qualify as active, it makes 6 million tx a month, 200k a day, that was the median for the last year.
And we have about 25 million addresses with a balance, since my two wallets have about 17 of those, it does fit.
Another good way to get an idea of active users is by checking the number of daily bitcoin transactions on the Blockchain website and also lookinh at the coinmarketcap website traffic check, things like that a little out the box lol but its actually very good for getting an understanding of the amount of current users.
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Bitcoin Adoption Spreading Fast In The Automotive Industry
In the article, there is also a directory of licensed car dealerships that accept bitcoin.
Bitcoin adoption is spreading like wildfire in the automotive industry, its worth sharing so more people will know. Its very interesting to see this many authorized car dealerships accept cryptocurrency as a payment method and the list appears to be growing.
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Well-researched bitcoin article by SeekingAlpha pointing out interesting data
Seeking Alpha is a popular website amongst stock traders, hedge funds, investment banks. This could be a sign of wallstreet showing interest in bitcoin once again.
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Re: Bitplaza: Worlds First Bitcoin Friendly Shopping App (iTunes&Google Play)
by
Apollo11SaturnV
on 21/02/2019, 02:23:21 UTC
I like the app, i downloaded the iOS version it looks really clean.