BitPay, a crypto payment service provider, announces that Porsche Towson, a Porsche dealer serving the Baltimore area in the United States, has begun taking cryptocurrency payments for their cars.
Multiple cryptocurrencies, including Shiba Inu, Dogecoin, Ethereum, and Bitcoin, can now be used to purchase Porche’s sports cars.
Bitpay mentioned in a tweet, “Turn your #crypto into precious metal at Porsche Towson. Now accepting Crypto as payment for vehicle purchases.”
Ferdinand Porsche founded Porsche, a German premium automobile manufacturer, in 1931. The brand is best known for its high-powered sports cars that come with powerful engines and high quality.
The Porsche Towson dealership, which announced that it would accept cryptos as payments, offers a large range of Porsche automobiles, both new and used, in a variety of configurations.
Last year, Bots Inc, a Puerto Rican digital business, also enabled local dealerships to accept Dogecoin payments for pre-owned Tesla Inc vehicles.
Cryptocurrencies are gaining immense popularity across the globe for their technology and decentralized nature.
Elon Musk, the world’s richest man and the CEO of Tesla, recently hinted that he might integrate Dogecoin payment methods into Twitter. Musk has always been a supporter of decentralized cryptocurrencies and has earlier also accepted payments via Bitcoin for Tesla, but the service was terminated.
However, Tesla announced that it plans to accept Dogecoin at its Supercharging station located in Santa Monica, United States.