Blockchain platform BitCar has entered a partnership with luxury supercar vendor Moonlambos, which deals exclusively in cryptocurrency.
Moonlambos is a London-based service that has connections with auto dealers from the U.S. and Europe to sell Lamborghinis for Bitcoin and Ethereum. The company first gained notoriety by promoting their company by borrowing two Lamborghinis, renting some Star Wars costumes and crashing the premiere of Star Wars: The Last Jedi at the Royal Albert Hall in London.
Moonlambos co-founder Ivan Soto-Wright said he opened the service to provide a much larger range of ecommerce options to cater to this new class of consumers.
“I know a lot of traders who got in early, and a lot of them are really concerned about how to liquidate that,” said the co-founder. “We want to facilitate a solution to a key problem, which is how do you spend it?”
BitCar co-founder Dr. Gov Van Ek had to say about the partnership: “BitCar is excited about the chance to widen its market through this new partnership, giving owners of BITCAR tokens the opportunity to buy assets directly from Moonlambos.”
BitCar is a decentralized platform that gives cryptocurrency owners the opportunity to purchase fractional ownership in exotic and expensive cars.
“The partnership with BitCar aligns perfectly with our growth plan, allowing us to accept BITCAR tokens directly as payment for our Supercars at attractive prices,” said co-founder Ivan Soto-Wright.
Through this new affiliation with Moonlambos, BitCar will be broadening its luxury Supercars range, offering a wider variety to token holders.
In 2016, the number of bought Lamborghinis was almost 3,500, an approximate increase of 1,500 in the number of deliveries 10 years before.
The number of purchased supercars has risen, with 28,500 super luxury cars sold in 2016, up nearly 16% compared to the previous year.
“The high-end car sector is generally more stable than the cryptocurrency market, which is why BitCar believes luxury vehicles are a good investment in an otherwise volatile market,” said Dr. Van Ek.
The association between these two companies will most likely help the crypto market enter the car dealership industry.
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