• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Customers have been in a position to acquire supercars by way of Bitcoin-backed loans

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Post Oak Motor Cars (POMC) and well-liked cryptocurrency custodian NYDIG just lately announced a partnership that will make it possible for the Houston-primarily based car dealer to promote automobiles as a result of fiat Bitcoin-backed loans.

Customers were able to purchase supercars via Bitcoin-backed loans
Customers have been in a position to acquire supercars by way of Bitcoin-backed loans

The partnership with centralized fiscal providers company NYDIG will make it possible for POMC customers to entry the complete suite of Bitcoin (BTC) providers, such as custody and lending. The products does not call for the buyer to spend curiosity for the duration of the phrase of the loan. Customers who do not want to promote their Bitcoins can entry portion of the worth of BTC by borrowing USD, applying Bitcoin as collateral.

Related articles

Bittrex Global has dissolved, requiring customers to withdraw money before December 4th

Bittrex Global has dissolved, requiring consumers to withdraw dollars ahead of December 4th

November 21, 2023
The personal data of 300,000 Coin Cloud customers has been leaked

The personalized information of 300,000 Coin Cloud shoppers has been leaked

November 13, 2023

At NYDIG, we are on a mission to securely unlock the energy of Bitcoin. Our partnership with Post Oak Motor Cars will provide buyers a exceptional chance to acquire Bitcoin-funded luxury automobiles and make it possible for personnel to instantly convert payslips into Bitcoin. https://t.co/pIsHmsBZlj pic.twitter.com/MjclSwZbq9

– NYDIG (@NYDIG_BTC) October 28, 2021

“In today’s rapidly changing financial landscape, we are proud to partner with a company like NYDIG to offer customers the ability to finance a car with a Bitcoin-backed loan.”

Thanks to the founding of NYDIG, the partnership extends to POMC applying its important Bitcoin holdings to fund even further growth and make it possible for the company’s personnel portion of their salary in BTC.

POMC also unveiled that it offered its initially luxury motor vehicle, branded Rolls Royce Ghost, financed in Bitcoin to NYDIG. At the identical time, Patrick Sells, innovative director of NYDIG, commented that the occasion marks a significant milestone as POMC starts assisting Americans unlock Bitcoin’s paying energy by borrowing USD with no offering BTC.

Ever because Tesla accepted and stopped having to pay in Bitcoin, the connection in between cryptocurrency and the sphere of payment, primarily substantial-finish goods like vehicles or residences, has turn out to be more and more well-liked. Just in October, a services appeared to get Tesla with Bitcoin. And billionaire Elon Musk’s very own firm is also “opening” its intention to restore assistance for cryptocurrency payments quickly.

Synthetic Currency 68

Maybe you are interested:


Join the chat group Coinlive Chats Let’s go over sizzling subjects of the DeFi industry with Coinlive admin workforce !!!


Maybe you are interested:

Tags: BitcoinbackedcustomersLOANSpurchasesupercars
Share76Tweet48

Related Posts

Ethereum Surges Past $2.6K Amid Institutional Interest

by shark
June 5, 2025
0

Ethereum surpasses $2,600 as BlackRock invests heavily, sparking renewed institutional interest.

Solana Faces Volatility, Seeks Stability in H2 2025

by shark
June 5, 2025
0

Solana's price fluctuates amid strong network activity; $165 resistance remains a key focus.

Cryptocurrency Markets Brace for Impact Amid Trump’s Pressure on Fed for Rate Cuts

by shark
June 5, 2025
0

Donald Trump criticizes Jerome Powell for not cutting interest rates after weak job data, emphasizing the need for competitive economic...

Shiba Inu and Coinbase Users Warned of Phishing Scam

by shark
June 5, 2025
0

Major alert for Shiba Inu and Coinbase users as a sophisticated phishing scam targets personal credentials.

Czech PM Faces Crisis Over €40M Bitcoin Donation

by shark
June 5, 2025
0

Bitcoin donation from criminal figure sparks political crisis for Czech PM; implications remain under scrutiny.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Breaking: Qubetics, BNB, and Crypto Giants Surge with Fresh Developments and 4,350% Potential ROI
  • Ethereum Surges Past $2.6K Amid Institutional Interest
  • Solana Faces Volatility, Seeks Stability in H2 2025
  • Cryptocurrency Markets Brace for Impact Amid Trump’s Pressure on Fed for Rate Cuts
  • Shiba Inu and Coinbase Users Warned of Phishing Scam
  • Czech PM Faces Crisis Over €40M Bitcoin Donation
  • Matrixport Reevaluates Strategies Amid BTC Dominance Concerns
  • Bitcoin Set for Retest of $100K Support
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7