Buying Cars with Bitcoin, From Lamborghini to Jeep and Everything in Between: Introducing Coinmotors
In Newport Beach, California you can now buy a Lamborghini with Bitcoins. In fact, they report that one individual already has used his "electronic" currency to buy an "electric" car. An anonymous client, recently bought the above pictured Tesla Model S using only Bitcoin. Thousands of miles to the east, at Overland Park, Kansas you can now buy Jeeps with Bitcoins. Overland Park Jeep has been accepting Bitcoin for awhile now and has been featured in media such as the Washington Post for their innovation. The interest in Bitcoin is fairly high in Kansas due to Butterfly Labs' headquarters....
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If buying a few drinks or gadgets with your bitcoin stash doesn't get your heart racing, a Los Angeles-based car dealer will be happy to exchange your coins for a motor - and not just any motor at that. Bitcoin classifieds site Eggify has struck a deal with McLaren and Lamborghini dealerships in California to offer a number of exotic vehicles for petrol heads through its platform. Of course, these aren't everyday cars so they're not exactly designed for shopping outings or family trips to the beach. Fast payments, fast cars. The first dealership, McLaren Newport Beach, claims to have the....
Uber Technologies Inc. announced its self-driving cars in February 2015, and has now hired two top vehicle security researchers to work on developing the cars at the company’s Advanced Technologies Center, a research laboratory Pittsburgh, Pennsylvania. It appears that Uber is spending some of its vast war chest on a new facility that could pave the way for self-driving cars to join its fleet of taxis. The two high-profile talents who have been hired are Charlie Miller and Chris Valasek. Miller previously worked at Twitter, while Valasek worked at IOActive, a security firm. The duo first....
Jay is the Bitcoin OG who created a meme by buying a Lamborghini with the cryptocurrency. He went from a poverty-level existence to enjoying a well-off lifestyle in a gated community thanks to mining Bitcoin in the early days but not without having to worry for his familys safety.As BTC first broke the $1,000 milestone in December 2013, former Chair of the U.S. Federal Reserve Alan Greenspan suggested that Bitcoin could not actually be used to buy anything of value.Thats when Jay (not his real name), then in his early 30s, and with the help of his wife who is also a Bitcoiner, used almost....
Not terribly long ago, a car dealership out in Costa Mesa, California sold a Tesla vehicle for bitcoin. That dealership - Lamborghini Newport Beach - has announced that they've sold yet another vehicle for bitcoin. This time around it's the Lamborghini Gallardo LP 550-2 Coupe. Sold for 216.8 BTC, the dealership says that much like last time, the bitcoins were immediately converted to dollars following the transaction. Transaction time? 72 hours. Let's put that into perspective. Someone who may have spent some time mining bitcoin with ordinary PC hardware in 2009 is now able to purchase a....
Not only can you buy an electric vehicle with bitcoin, but you can also charge one with the distributed virtual currency. Newport Beach Lamborghini has taken bitcoin as payment for a Tesla Model S sedan. It also plans to continue accepting it for payment for its stock of performance vehicles. And electric vehicle (EV) owners can now recharge their car's battery using a Miami station that will only take BTC. "We have a Tesla Model S and charging station purchased from bitcoin investments and only accept bitcoin," said Michael Sholl, a network security engineer by trade and the owner of the....