RATE Group | Bitcoin Actually Accepted? Luxury Car Firm Explores Blockchain and Crypto Payments
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Bitcoin Actually Accepted? Luxury Car Firm Explores Blockchain and Crypto Payments

17 Oct Bitcoin Actually Accepted? Luxury Car Firm Explores Blockchain and Crypto Payments

Posted at 22:15h in Bitcoin News by

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Karma Automotive, a luxury car manufacturer based in California, has just announced its intentions to explore blockchain technology with its shareholders. The means by which the firm intends to this is by accepting Bitcoin.

Although NewsBTC has featured many so-called Bitcoin acceptance stories in the past, this one appears to have a big difference. Karma Automotive seems to be taking payment in Bitcoin directly, rather than with the help of a third-party company.

Is it Really Acceptance if You Never Even See the Bitcoin?

According to a post in AutoFutures written by the manufacturer itself, Karma Automotive will be using its flagship Newport Beach, California, showroom to help demonstrate the power of blockchain technology for payments and more. The firm will now be accepting Bitcoin for new services completed and vehicles purchased at the company-owned store.

Dr. Lance Zhou, the CEO of Karma, stated the following of the move:

“We are opening our platform to serve as a test bed to…

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