Looking to Purchase a BMW? Stephen James BMW Now Accepts Bitcoins for Payment!

With real life use of cryptocurrencies making its way to society, a giant from the car industry has recently announced its favoritism for Bitcoin by accepting it as a payment method for vehicle purchases. The tweet was made by none other than Stephen James BMW, a BMW and MINI car dealership based in London and Kent.

The tweet made on July 5th, 2018 goes as follows:

“Stephen James is now accepting Bitcoin for the purchase of your new BMW! Contact us today to find out more about how you can use Bitcoin to walk away with a brand-new vehicle #bitcoin #bitpay.”

The announcement also reveals that the car dealership will be working alongside BitPay, a global platform that accepts Bitcoin payments, whether it entails retail, ecommerce, billing purposes and more.

BMW is not the first to make such a revolutionizing move, as a smaller established custom cars provider, Classic Recreations has also been accepting cryptocurrencies like Bitcoin [BTC], Bitcoin Cash [BCH], Litecoin [LTC], Ethereum [ETH] and Docademic [MTC] to name the least.

According to the Owner of Classic Recreations, Jason Engel, cryptocurrencies will eventually become a “legitimate currency on the global market”, and his desire for technological advancements made it necessary for him to provide numerous payment options for consumers.

Will consumers start to reconsider cryptocurrencies despite negative press and its volatility?