Land Rover of Redwood City, CA Sells First Land Rover with Bitcoin Using BitPay
BitPay Inc., the world leader in business solutions for virtual currencies, announces that Land Rover of Redwood CityCalifornia is it’s most recent business to start accepting bitcoins using BitPay. Serving the San Francisco metro area, Land Rover of Red wood City is the first Land Rover Dealership to accept bitcoins.
“For businesses who don’t want the challenges of holding and managing bitcoins, we can settle their account in dollars so they never have to account for the bitcoins.”
The dealership was approached by a prominent Silicon Valley Venture Capitalist wanting to purchase a new vehicle with bitcoins. The team had very little knowledge of bitcoins to draw from.
“Realizing we need to be ready to accept change in this constantly broadening virtual community, we agreed to our first Bitcoin sale,” said Doug Doyle, General Sales Manager with Land Rover of Redwood City.
“Although the concept of Bitcoin is hard to grasp, the process as put forth by BitPay is quite simple. Just send an invoice and the money shows up in your account. Simple and seamless just as they said.”
Land Rover Redwood City has been a proud member of the Qvale Automotive Group since 2000. The Qvale family sold their first car in 1947,and now owns a chain of luxury dealerships throughout California and Florida.
Bitcoin, a peer-to-peer payment network and digital currency, has substantially lower payment processing fees than those of credit cards or money transfers with the opportunity of true flat rate pricing. BitPay’s Bitcoin Payment Gateway API is the most advanced and most reliable bitcoin-processing platform, which is one of the reasons that Land Rover of Redwood City chose to partner with BitPay. BitPay enables them to receive payment next-day into their bank account.
“We make it easy for businesses like Land Rover of Redwood City to accept bitcoin as a form of payment,” said Tony Gallippi, co-founder and CEO of BitPay.
“For businesses who don’t want the challenges of holding and managing bitcoins, we can settle their account in dollars so they never have to account for the bitcoins.”
About BitPay
BitPay is a Payment Service Provider (PSP) specializing in eCommerce, B2B, and enterprise solutions for virtual currencies.
BitPay: https://bitpay.com/
Related News
If Lamborghini Newport Beach selling a Tesla for bitcoin wasn't enough, another car dealership in the Golden State of California has announced the sale of a set of wheels in exchange for digital currency. It's Land Rover of Redwood City, a dealership that serves the San Francisco metropolitan area, selling new and pre-owned Land Rover, Range Rover, and other vehicles. The dealership had very little understanding of bitcoins until a prominent venture capitalist from Silicon Valley requested to purchase a car with bitcoin. And so he did. The transaction was carried out via BitPay. "Realizing....
Whether or not you are in the market for a new car, a growing amount of dealerships are allowing customers to pay using Bitcoin. In late 2013, many stories were told of the first Tesla bought using the rapidly growing digital currency, which helped forge the path for many more sales to come. Since then, we have seen many high-end automobile purchases with Bitcoin as the method of payment. To add to the continuing trend, Land Rover of Redwood City, California announced last week that the world's first Land Rover was sold using Bitcoin. Land Rover of Redwood City has been a proud member of....
With SXSW 2014 starting this week, Robocoin is gearing up to make four bitcoin ATMs in Austin, Texas accessible for the events. According to the Las Vegas-based company, three of the ATMs are already in place, and the fourth is dubbed the "Robocoin Rover", a Robocoin ATM that is capable of moving from place to place (see picture above). Here are the stationary locations: HandleBar: 121 East 5th Street. Dominican Joe's Coffee Shop: 515 South Congress Avenue. Central Texas Gun Works: 321 West Ben White Boulevard #203. The ATMs at HandleBar and Dominican Joe's are operated by Bitcoin Agents,....
Redwood City Ventures is a new name in the Bitcoin industry that people are just starting to see some of their work appearing. RWCV are focusing on helping different companies and startups that are trying to bring collaboration between the US and Chinese companies to the Bitcoin ecosystem. One of the first ventures that people are seeing is blockC.co. Redwood City Ventures brokered a deal between blockC.co and Avalon/Canaan-Creative to be the global master distributor for Avalon Bitcoin miners, beginning with the Avalon6. Moves like this are just the start as we find out in an interview....
Metaverse project Cornucopias has officially completed its 5th day of Land sales. The sale which spanned over five days has seen the project set the record for the largest land sale on the Cardano network. In total, there were 24,000 Land NFTs put up for sale and each sale had seen the lands sold out […]