Cryptocurrency has moved into the market of classic cars. Classic Recreations, an Oklahoma-based car restoration company has spread its doors to accepting cryptocurrency as payment for their services.
The company has already created a number of cryptocurrency wallets enabling them to receive payments from customer wallets in such cryptocurrencies as bitcoin (Bitcoin) , bitcoin cash (Bitcoin.Cash) , litecoin (LTC/USD) , ethereum (ETH/USD) and others, and set the necessary encryption software to guarantee privacy. Jason Engel, the owner of the company, believes that this step will help in expanding their global customer base.
This is rather an important move towards making cryptocurrency a security. The fact that more and more vendors and companies are willing and ready to accept cryptocurrency payments may prompt the regulators to alter their stance towards this sector and finally proclaim cryptocurrency a security.
However, the attitude of the regulators isn’t everything, for there is a demand from the people to spend cryptocurrency. And of course the volatility of the market isn’t a reassuring factor, but the scope of possibility for cryptocurrencies is ever growing and now thanks to this bold move by Classic Recreations you can buy a custom classic car using bitcoin.