Californian Lamborghini Dealership Begins Accepting Bitcoin

Californian Lamborghini Dealership Begins Accepting Bitcoin

While the Chinese government wants nothing to do with Bitcoin, a Lamborghini dealership in Costa Mesa, California, has enough faith in the digital currency to begin accepting it as legal tender. That move would be impressive enough for a "regular" car dealer; for one that sells cars that average $200,000 USD, it's quite notable.

The dealer, Lamborghini Newport Beach, hasn't only made it known that it's begun accepting Bitcoin, but it also confirms via a website post that it's already concluded its first sale. While no Lamborghini changed hands in this particular deal, a Tesla Model S Performance did, a car which retails for about $100,000 USD.


Lamborghini Sesto Elemento

As Bitcoin values change all the time - even during the short time a business transaction like this would be made - we'd imagine that the payment here was instantly converted into USD via a service, which means the risk to the dealer is quite low, or nonexistent. In effect, it wouldn't matter if Bitcoin suddenly became useless right after the transaction, because the dealer would have had it converted into USD already.

It's been a rather incredible year for Bitcoin, with values going up regularly (except today, after the Chinese government story broke), and more and more businesses accepting it as currency. Last month, we discovered that Virgin Galactic would accept Bitcoin for space flights, and at the start of November, a handful of Bitcoin ATMs were launched in major Canadian cities.

Am I the only one who's regretting not taking Bitcoin more seriously a couple of years ago? 

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Oh good... I wonder if they'll take Monopoly money too. I might actually be able to afford one!

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Alright guys lets get mining and donate me them bitcoins... :D i'll dedicate the lambo to HH (Lets get us the first bitcoin brought lambo) xD

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Inspector:

Alright guys lets get mining and donate me them bitcoins... :D i'll dedicate the lambo to HH (Lets get us the first bitcoin brought lambo) xD

Heh... you're a good man.  Let's do it!!!! :D

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I can't believe the US government is going to allow Bitcoin to be legal tender.

New legislation coming soon.

A money launderers dream = bitcoin.

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Got that right

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At least with BitCoin you have a choice to participate. In the case of the unbacked USD, you have no choice. You MUST use it. This is plus opportunity for me to buy my fav Lambo Gallardo Coupe for good price:)

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