by John Smith 
Buy a car with Bitcoin at Karma Automotive!
Whether to pay for real estate with Bitcoin as we have seen in a previous article, Bitcoin is also gradually making its way into the automotive sector with more and more car manufacturers or car dealers who begin to accept payment in Bitcoin BTC.
Paying your car in Bitcoin or another cryptocurrency becomes more and more a reality even if the road is still long for it to be done on a large scale but the first innovators open the way to mass adoption of Bitcoin and cryptocurrencies as a means of payment.
Karma Automotive is a manufacturer of electric sports cars with impressive design and performance.
This electric car manufacturer belongs to Wanxiang Group, a Chinese supplier of automotive equipment.
The California-based luxury electric car manufacturer is innovating and therefore offers Bitcoin payment at its Newport Beach store.
A Tesla competitor, this car manufacturer intends to seduce a clientele that has BTC and would like to pay in Bitcoin.
The dealer will also accept payment in Bitcoin for repair and maintenance services as stated in its press release.
Lance Zhou, CEO of Karma Automotive, said:
“We are opening our platform as a testbed to help convert theoretical blockchain applications into practical applications.”
“Karma’s flagship store will support our efforts to prove emerging technology and provide the latest VVIP offers for customers by accepting Bitcoin cryptocurrency.”
The Newport Beach Dealer presents nearly 20 new and certified Pre-Owned Revero GT and Revero.
Founded in 2014 with nearly 1,000 people worldwide, this high-tech incubator aims to offer innovators an ideal platform to prove their emerging technologies.
Offering Bitcoin cryptocurrency payment is therefore part of the objectives that Karma Automotive intends to achieve with this announcement.
The price of a Karma Revero GT starts at 135 000 dollars, which is 17 BTC at the actual bitcoin price which is around $8000 late October 2019.
Paying your car in Bitcoin or another cryptocurrency should become more and more common, it is only a matter of time for this new means of payment and that you can buy a car with Bitcoin at Ford or GM.
Read our article about blockchain technology allowing a car to automatically pay toll or parking.
