Ethereum is a smart contract platform that enables developers to build tokens and decentralized applications (dapps). ETH is the native currency for the Ethereum platform and also works as the transaction fees to miners on the Ethereum network. Ethereum is the pioneer for blockchain based smart contracts.
This is the first sale in cryptocurrencies that makes the Jeff Wyler Automotive Family, a car dealership in Ohio, Kentucky and Indiana.
The world’s second-largest cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. , Ethereum a decentralized open-source blockchain with smart contracts functionality. was accepted as paymenten la primera transacción de venta de automóviles utilizando criptomonedas que realiza el concesionario Jeff Wyler Automotive Family . This company, which sells new and used cars and does workshop services, is well known in the United States, especially in Ohio, Kentucky and Indiana, hence the importance of adopting crypto as a means of payment.
The buyer is an individual from Saudi Arabia, who used Ethereum (ETH) to buy a Mercedes-Benz S580 2021.
The Milford-based car dealership that dates back to 1973 completed a car sales transaction using cryptocurrencies for the first time at its Fort Mitchell Mercedes-Benz dealership, selling a Mercedes-Benz S580 2021 certified pre-owned to a buyer in Saudi Arabia.
Currently, Jeff Wyler Automotive Family accepts Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. 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 combination of cryptocurrencies. But this is the first transaction to be finalized in its entirety withEther.
Indicates UToday that, apart from other use cases, Ethereum is also fast becoming one of the main cryptocurrencies used to buy real estate.
Crypto as a means of payment
The acceptance of cryptocurrencies as payment in physical locations is on the rise. In fact, a report by the bank Morgan Stanley shared by Coindesk shows that this entity argues that partnerships with physical stores are an important tool in the development of the n important milestone in the “evolution of the use of Bitcoin as a means of payment”. as more than 85% of sales in the U.S. occur in physical stores and not online. . This is an answer to the announcement made by the payment provider Strike that it partnered with point-of-sale provider NCR and the signing of payments Blackhawk, which means that a lot of U.S. stores and restaurants will soon be able to accept crypto payments.
Bitcoin Journal also recently reported that Porsche Towson the only center Porsche Baltimore exclusive has partnered with cryptocurrency payment processor BitPay bitPay is a Bitcoin payment service provider. to accept digital digital technologies are these electronic tools that have the ability to generate, store or even process data. assets, including Shiba Inu.
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