The latest example of this came when the local digital assets exchange, Zipmex, revealed that it processed this region’s first use of BTC for purchasing a Lamborghini. The buyer, Jo Chirawat, used nothing but this cryptocurrency and Zipmex’s own mobile app.
Buying a Lambo with BTC
Chirawat used BTC to purchase the 2021 Huracan EVO RWD, at Renazzo Motor Co. Ltd., which is based in Bangkok, Thailand.
This is, of course, isn’t the first time that someone bought a car with Bitcoin. In fact, only a few months ago, in March of this year, electric car maker, Tesla, announced that it will start accepting BTC as a means of payment. Only days ago, however, Tesla’s Elon Musk announced that the offer is no longer on the table, as his company has a problem with Bitcoin mining not being very eco-friendly. Accepting BTC, he said, would be encouraging behavior that is harmful to the environment.
But, back to the matter at hand, Zipmex’s crypto payment network, known as ZipSpend, allows Renazzo Motor to accept payments in BTC, USDT, and ZMT — Zipmex’s native token.
More Crypto Purchases on the Horizon
I believe this is a big step in the right direction for everyone involved, including Zipmex, Renazzo Motor, and the crypto industry. It confirms that Bitcoin can still be used to purchase vehicles and that Tesla’s actions did not take away this possibility. But, more than that, it further expands interest in cryptocurrency, as well as awareness.
This is the time when crypto companies get to grow, not only because of the rising prices and new users but because cryptocurrencies are becoming more and more reliable and trustworthy. They are still risky, of course, due to all the volatility, but the more companies start to accept them, the more legitimate they will seem, and more people will give them a chance. In the end, a chance is all they need to prove their worth.
Would you buy a car with Bitcoin?