• Lamborghini dealership accepts Bitcoin for car purchase

    Tags: Payments

In what might lend a small bit of legitimacy to the controversial digital payment scheme, a Lamborghini dealership in Costa Mesa, Calif. announced yesterday that for the first time, it accepted Bitcoin for the purchase of a car.

Lamborghini Newport Beach announced the sale on its blog, stating that it is "excited to be opening the door to this new currency." No details on the price (either in Bitcoin or U.S. dollars) was given, but the car in question was a Tesla Model S, which has a base price of $63,570.

It is also unclear how much of a risk the dealership is taking by accepting the currency, which has been notable in recent weeks for strong fluctuation in its value. Some readers have speculated in the comments that the dealership might have had a third-party intermediary like BitPay, which would have converted the bitcoins into U.S. dollars and effectively made this a cash transaction.

Read more about retail payments.

Related Content

User Comments – Give us your opinion!
Products & Services

Healthcare KIOSKS

http://global.networldalliance.com/new/images/products/4619.png

4619/Healthcare-KIOSKS

License Renewal Kiosk

http://global.networldalliance.com/new/images/products/4521.png

4521/License-Renewal-Kiosk

Olea Metrolite Kiosk

http://global.networldalliance.com/new/images/products/6305.png

6305/Olea-Metrolite-Kiosk

Mobile

http://global.networldalliance.com/new/images/products/4760.png

4760/Mobile

ComQi Videos

http://global.networldalliance.com/new/images/products/5201.png

5201/ComQi-Videos

Turnkey Digital Out-of-Home

http://global.networldalliance.com/new/images/products/EnQii_turnkey_100.gif

183/Turnkey-Digital-Out-of-Home

Green KIOSKS

http://global.networldalliance.com/new/images/products/4622.png

4622/Green-KIOSKS

LG 72WS70MS-B

http://global.networldalliance.com/new/images/products/6421.png

6421/LG-72WS70MS-B

Cisco Digital Signs

http://global.networldalliance.com/new/images/products/2981.png

2981/Cisco-Digital-Signs

Codigo Large Format Kiosk

http://global.networldalliance.com/new/images/products/5957.png

5957/Codigo-Large-Format-Kiosk

CONNECT 2014 Mobile Innovation Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.