The world is constantly evolving and adapting to new variations in all forms of life and one aspect of this modernization is the different ways of accepting monetary payments for purchases. The pandemic of Corona Virus brought a drastic change in the business community where people opted for digitalized methods of payments to keep themselves and the community safe. With this step, we saw a major hike in the crypto-currency market, and many business giants, for example, Elon Musk of Tesla Industries announced that crypto payments will now be accepted by the company as a form of payment for their cars.Let’s know more about Mercedes Accept Bitcoin
Crypto-currency has been the talk of the year with a lot of newbies coming into the trading world of crypto. People have invested hundreds and thousands of Dollars into this virtual currency and have been curious as to the extent of this currency. After Tesla announced that they would now accept bitcoin as a form of payment, questions have arisen whether or not one could buy a Mercedes via cryptocurrency? In this article, we will see how you can make purchases with Mercedes via bitcoin.
WHAT IS CRYPTOCURRENCY?
Crypto-currency in the simplest of words is a digital currency, which has no physical presence and is dependent on the number of investors available in the market, along with some other factors. Just like the stock market, cryptocurrency is also used for investment purposes mainly by traders but with the recent hype of it, it has touched new highs.
MERCEDES AND BITCOIN:
Does Mercedes accept Bitcoin? The short answer is yes and no. Many manufacturers in the automobile industry have started accepting cryptocurrency as a method of payment for cars, such as Lamborghini and Tesla. Mercedes has not exactly mentioned if they have started accepting crypto in exchange for their automobiles but in September 2021, the Mercedes AMG Petronas F1 team partnered up with FTX, a crypto exchange platform. This gave a clear implication that Mercedes is looking to catch up to its competitors and started to look at the crypto market. According to a tweet posted by the Mercedes AMG Petronas F1 team, Mercedes has started accepting crypto payments from its sponsor FTX for their official merchandise from the F1 team store. While this does not mean that you can buy a car through crypto from Mercedes, it does give us the idea that we may see this upgrade in the near future.
DEALERSHIPS OFFERING MERCEDES CARS:
While Mercedes may not officially accept crypto as a method of payment for their cars, many dealerships do. This means that any local dealership which offers Mercedes cars and also accepts crypto as a form of payment can be your go-to place to get your favorite Mercedes. We have conducted thorough research and listed down some of the USA dealerships that offer Mercedes cars and also accept cryptocurrency.
- MotorCars of Atlanta
- Post Oak Motor Cars
- Armormax
- Bob Moore Auto dealers
These are some of the dealerships which accept cryptocurrency as a method of payment for their cars.
CRYPTOCURRENCY SECURITY:
Cryptocurrency has to be one of the safest forms of methods of payment, but it is imperative to use registered applications and platforms such as FTX. This significantly decreases the chances of getting scammed. Moreover, unlike credit cards, there is no chance of your data being stolen since you have whole control of the transactions within an application on your phone!
OTHER AUTOMOBILE MANUFACTURERS ACCEPTING CRYPTOCURRENCY:
There are many companies that are now accepting Bitcoin and other cryptocurrencies. Some of these are as follows:
- Lamborghini
- Nissan
- BMW
- Audi
- Tesla
- Maserati
- Lexus
HOW TO USE CRYPTO TO BUY A CAR?
The method is quite simple.
- The first step is to make a crypto wallet using apps like Binance and FTX.
- Secondly, buy cryptocurrency through these apps using your credit/debit card.
- Thirdly, make sure that the currency you have bought is acceptable at the dealership.
- Lastly, use your app to conduct an online transfer from your crypto wallet to the dealership’s crypto wallet.
Voila! Now you have a new car which you’ve bought by using one of the simplest methods of payment.
Conclusion:
The world has advanced and some surveys provide that by the year 2050, cryptocurrency will take over the currency market and will be the only method of payment that is used. Since we are living in modern times, why shouldn’t we take full advantage of the technological advancements of the world in order to make our daily transactions simpler, easier, and, safer? Crypto is the future, and the future is now!
FREQUENTLY ASKED QUESTIONS:
HOW TO BUY BITCOIN?
The safest way to buy bitcoin is through registered bitcoin trading apps such as FTX and Binance.
DO I HAVE TO PAY TAX ON BITCOIN TRANSACTIONS?
Yes, your purchases will be taxed since IRA classifies cryptocurrencies as property. Taxes apply to their sale and exchanges.
