BTC Gaining Acceptance as A Viable Payment Option
2 min read
Just a few days ago, Tesla announced that it will accept BTC as payment for its cars. Rumours also have it that General Motors is exploring BTC acceptance as payment for its universe of cars.
As more and more companies line up to accept BTC as a viable payment options, we will soon see an increase in corporate manoeuvre of allocating more of their fiat currencies to BTC. Supporting BTC transition into a payment option would require a strong support for the OTC service providers. OTC providers are essentially companies which facilitate onramp and off-ramp of crypto the fiat and vice versa.
Having large Fortune 500 companies to spearhead crypto adoption will have a massive impact on BTC legitimacy as well as pushing for stronger adoption. Crypto has created excessive wealth. The surge in NFTs is a testament to the amount of wealth residing with the crypto holders. Recently, a resident in Singapore bidder paid US$69 million for Beeple’s NFT art.
It would only seem natural for companies to seriously explore accepting BTC and other major cryptocurrencies as payment methods. There are many holders looking to spend on luxury items and supercars are definitely one of them. One of the pioneer in BTC-for-cars merchant, AutoCoinCars, has seen growing interest in using BTC for payments.
We are entering into a new age of Money, led by forward looking individuals who are not afraid to pave the way for a better tomorrow.
The post BTC Gaining Acceptance as A Viable Payment Option appeared first on SuperCryptoNews.
