Nevada-based luxury auto dealership Vegas Auto Gallery has reportedly published insights of gradual rise in Bitcoin (BTC) payments – a proof of the bull market happening at the moment.
Specifically, Vegas Auto Gallery – offering a wide range of makes and models, nominally Aston Martin, Bentley, Ferrari and Lamborghini – has reportedly finalized the sales of two high-end sports cars to clients, who selected Bitcoin as a means of payment of $6 million – showing the increasing number of investors choosing high-end sports cars to convert their possessions into.
Head of Vegas Auto Gallery – Nick Dossa – reportedly disclosed that approximately 3% to 5% of the dealership’s revenue is generated from Bitcoin transactions.
The dealership is reportedly not accepting Bitcoin payments directly, but via the 3rd-party payment services firm BitPay. BitPay transactions will reportedly finalize BTC payments in U.S. dollars for every receipt came.
As for Vegas Auto Gallery, a 1% fee will be available, applicable to every Bitcoin-enabled buy, which is the same percentage as BitPay’s transaction fee.
Dossa addiotionally remarked that his dealership is not affected by any potential risk via adding Bitcoin as a payment alternative.
“It’s a very easy transaction”.
Despite Bitcoin having received feedback for not having sufficient payment gateways, BitPay has reportedly finalized the onboarding process for hundreds of thousands of merchants throughout the globe, making a vast array of options for buyers to spend their BTC.