One of the website owners that lets dealers advertise vehicles to cryptocurrency users has made the first Bitcoin sale in the UK.
Near Redhill, AutoCoinCars co-founder, and chief operating officer Luke Willmott helped partner dealership Church’s Performance Cars sell a Suzuki GSXR1000, a Ducati Panigale V4S, and a Honda CBR1000RR Fireblade.
The online marketplace, which has over 850 dealerships using the platform, comes shortly after selling its first Ariel Atom in a deal worth £64,995 in bitcoin.
An AutoCoin client spotted one of AutoCoin’s high-performance bikes and purchased three for £38,000.
Mr. Willmott said: “We completed the world’s first-ever Bitcoin transaction for an Ariel Atom last month, and now this is another first in the UK and motorcycles.
“Bitcoin is known for the “When Lambo?” memes, which are always good fun, but we’ve had the Ariel Atom and now the bikes, so it shows that cryptocurrency is becoming more and more commonplace.
They are leaders in their product offering, but they are also laser focused on customer service with the dealerships we have on our platform.
Ryan and his team at Church’s Performance Cars quickly discovered the growing value of offering cryptocurrency as an alternative.
As more and more people seek the flexibility of buying with cryptocurrency, we now have over 850 dealerships on our platform. Cryptocurrencies have often been criticized for not being realistic.
It gives us great pleasure to be a part of the United Kingdom. First, we can help people unlock their portfolios’ potential by converting their Bitcoins into physical assets.
“When we first started trading with cryptocurrency, it might have seemed science fiction that you could sell or buy a motorbike with cryptocurrency,” said Ryan Thorpe, Church’s Performance Cars’ head of sales.
“We are. However, a service-led company and cryptocurrency dealing is part of that equation for a growing number of customers. This ideal client came to us because he was looking for a Bitcoin-based transaction and found us through AutocoinCars.
‘We are excited to lead the field with these transactions and suspect it will lead to many more inquiries now that the first deal has been brokered.
The partnership with AutoCoinCars made what we just accomplished possible. What we have accomplished makes us very proud.
FTX, the third-largest cryptocurrency exchange, recently filed for bankruptcy protection after racking up losses of billions of dollars in recent months. Bitcoin’s value is around a quarter of what it was a year ago.
