Forget about a Lambo and get yourself a Mustang. An American custom car builder now accepts payments for its built-to-order and officially licensed vehicles in bitcoin and additional cryptocurrencies, including BCH, BTC, LTC, ETH and more.
Classic Recreations is a Yukon, Oklahoma based custom car builder licensed by Ford Motor Company and Shelby American to fabricate licensed Ford Mustang restorations and continuation cars. It recently announced that, in an effort to reach a more global client base, it will start accepting payments for its vehicles in a variety of cryptocurrencies, including but not limited to, BCH, BTC, LTC, ETH and MTC.
“My entire life I have had a strong fascination for technology and its evolution,” stated Jason Engel, owner of Classic Recreations. “Cryptocurrencies have come a long way and continue to solidify themselves as a legitimate currency on the global market. The true beauty of accepting cryptocurrency is the universal aspect of it which allows Classic Recreations to connect with consumers from anywhere in the world.”
The company has been in business for more than fifteen years and each of its built-to-order vehicles takes approximately four months (nearly 2,500 man hours). Additionally, all of its high-performance vehicles are handcrafted and built in-house, according to the company’s website.
Buying cars has long been a common way of exhibiting wealth among the luckier members of the bitcoin community, showing off Teslas, Lamborghinis or even a whole fleet of F1 supercars as a testament to getting into the market as an early adopter. As such, luxury car dealerships have sprung up that cater to this segment specifically.
But it isn’t just whales that are buying cars with bitcoin. In Japan, where bitcoin payments are perhaps more widespread and accepted than anywhere else in the world thanks to welcoming regulations, even used cars are being sold for bitcoin. Back in November 2017 it was reported that a couple of Japanese automotive groups, including one of the largest in the country, have begun to enable bitcoin payments at their dealerships across the country.