Cryptocurrencies are a bit like a roller coaster ride with their values dipping and swinging every now and then. However, despite the volatility surrounding them, the blockchain bucks have managed to pique quite an interest among global investors, with one such name being that of Post Oak Motor Cars, a luxury car dealership based out of Houston, Texas.
The dealership is located at 1530 W. Loop South near Fertittas’ Post Oak Hotel in Uptown and is owned by Houston billionaire Tilman Fertitta. Per a tweet by the main man himself, the firm is the first Rolls-Royce, Bentley and Bugatti dealership in the U.S. to accept Bitcoin and Bitcoin cash for payments. What this essentially means is that Luxury car buyers can now purchase Rolls-Royce, Bentley and Bugatti vehicles at Post Oak Motor Cars using BitPay, a Bitcoin processor founded in 2011(that has now raised more than $70 million from investors across the globe).
Commenting on the announcement, Fertitta stated, “The rising of Bitcoin sparked my interest. Being a premier luxury car dealer, I always want to offer my customers the very best buying experience and this partnership will allow anyone around the world to purchase our vehicles faster and easier.” While Fertitta’s announcement comes with a fall in Bitcoin prices by more than $450, there no saying what the world of crypto currencies has in store for us in the times to come!