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American luxury car dealer Post Oak Motor Cars accepts BTC

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The company has teamed up with NYDIG to work with digital assets. Post Oak Motor Cars employees will be able to receive part of their salary in cryptocurrency.

American luxury car dealer Post Oak Motor Cars began receiving BTC as payment for cars. The company announced that it had already sold its first car for cryptocurrency – the Rolls Royce Ghost.

To this end, the car dealer has entered into a partnership agreement with NYDIG (New York Digital Investment Group). The partnership will also allow Post Oak Motor Cars employees to receive a portion of their salary at BTC.

Car dealer customers will also be able to obtain a loan to buy a car using the primary cryptocurrency as collateral.

“We are proud to work with a company like NYDIG to offer our customers the opportunity to finance a car with a loan secured by BTC and to offer our employees the opportunity to allocate part of their payments to BTC,” said Lonny Soza, CEO of POMC. “NYDIG aims to make BTC more accessible and our partnership will make that vision a reality.”

A luxury car dealer will use the NYDIG platform to hold BTC at its checkout. The company said its first BTC-funded venture would be a new dealership in The Woodlands, Texas.

“This partnership is an important milestone as we begin to help Americans unblock the purchasing power of their BTC by borrowing USD against them without selling their long-term holdings to BTC,” said Patrick Sells, director of innovation at NYDIG.

NYDIG was founded in 2017 and specializes in investing in digital assets. The company now manages $ 6 billion in assets.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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