A Houston luxury car retailer has become the first high-end vehicle dealership in the United States to deal with virtual currencies. Post Oak Motor Cars, owned by Tilman Fertitta, who also owns hospitality corporation Landry‘s and the Houston Rockets NBA team, now accepts BTC and BCH as means of payment. Post Oak targets elite clients, such as sports personalities and media celebrities, supplying them with luxury automobiles, such as Rolls Royce, Bentley and Bugatti.
Exciting news! My Post Oak Motor Cars at @PostOakUptown is the first @RollsRoyce, @BentleyMotors and @Bugatti dealership in America to accept @Bitcoin and Bitcoin Cash for payments. #bitcoin #BitcoinCash #luxurycars pic.twitter.com/AXPIcsx7up
— Tilman Fertitta (@TilmanJFertitta) September 5, 2018
Mr. Fertitta said in the official statement that, “The rising of bitcoin sparked my interest. Being a premier luxury car dealer, I always want to offer my customers the very best buying experience and this partnership will allow anyone around the world to purchase our vehicles faster and easier.“
The billionaire restaurateur has already echoed a pro-crypto sentiment at the end of last year, likening the crypto boom with the dotcom bubble of the late 90s. Speaking to CNBC, he claimed that bitcoin “is here to stay” but “until it’s insured, a lot of people are never going to buy it.“
The digital currency payments in Post Oak will be powered by BitPay, a crypto platform, claiming to be the largest bitcoin payment processor in the world, serving clients on six continents.
— BitPay (@BitPay) September 5, 2018
Its Chief Commercial Officer Sonny Singh has welcomed the new partnership, claiming that, “We’ve noticed people prefer to make larger purchases with bitcoin since it is a simple way to make payments. This partnership is timely with the increasing popularity of Rolls-Royce, Bentley and Bugatti vehicles. Post Oak Motors has a great reputation of selling the finest cars and we are thrilled to be partnering with Tilman.“
BitPay has partnered Seminole County in Florida earlier this year, enabling its residents to pay taxes in crypto, also accepting BTC and BCH.
However, the company has been on the receiving end of some bad press recently. Giacomo Zucco, CEO of the BHB Network, urged the state-owned Latvian airline airBaltic to ditch BitPay, claiming it simply “doesn’t work.”
Please, @airBaltic, take a look at this thread, after this tweet. Many users are trying to buy tickets w/ bitcoins and failing. You should get rid of BitPay (doesn't work). @BtcpayServer open and free alternative. If you want fiat conversion, you can try @GlobeeCom. https://t.co/BoqVRSkPTc
— Giacomo Zucco [I identify as #ProUDI] (@giacomozucco) September 5, 2018
The crypto payment processor was also involved in another airline-related controversy earlier this year, as CheapAir has gotten rid of BitPay services, choosing an open-source BTCPay instead. According to the official statement by CheapAir, BitPay‘s interface only accepted payments from customers using a specific wallet, which was recognized as a “giant concern” by the travel agent.
Image Source: “Flickr”
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