Ethereum accepted in first car sale using crypto by Jeff Wyler Automotive Family
Ethereum, has been accepted as payment in the first car sale transaction using cryptocurrency at Jeff Wyler Automotive Family. The buyer, from Saudi Arabia, used Ethereum to purchase his 2021 Mercedes-Benz S580.
The Milford-based automotive dealer that dates back to 1973 completed its first car sale transaction using cryptocurrency at its Mercedes-Benz of Fort Mitchell dealership, selling a Certified Pre-Owned 2021 Mercedes-Benz S580 to a buyer in Saudi Arabia. Presently, Jeff Wyler Automotive Family accepts Bitcoin and 11 other cryptocurrencies at its 23 dealerships located in Ohio, Kentucky and Indiana, allowing customers to pay for part of their transaction or the entire transaction using any of the supported cryptocurrencies or a mix of cryptocurrencies.
Aside from other use cases, Ethereum is fast becoming one of the top cryptos used to buy real estate. Pacaso, a real estate company, accepts cryptocurrency as a payment option for second home purchases, making it the first second-home marketplace to enable payment with digital currency.Cryptocurrency acceptance as payment is on the rise as there are now several companies where users can practically spend cryptocurrency.
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