Sandton-based luxury car dealership Ferris Cars has sold a Ferrari California, accepting payment in Bitcoin.
- The Ferrari California has a maximum speed of 310 km/h.
- The vehicle is designed for a more everyday commute to meetings, weekend getaways or other leisure activities.
- In 2018, the Ferrari Portofino replaced the Ferrari California.
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Deemed to be the first Ferrari bought with Bitcoin in South Africa, the transaction took place during a bespoke event at the dealership last week. Having partnered with crypto exchange, AltCoinTrader, Ferris Cars was able to accept payment via their website, in Bitcoin, along with other cryptocurrencies, like USDT and xZAR.
Purchasing a super-car with cryptocurrency from the dealership is fairly straight forward. Interested buyers log onto the Ferris Cars website and select “Crypto Payments” from the menu. A selection of cryptocurrency payment options appears and it’s then up to the customer to enter the Rand (ZAR) value for the negotiated vehicle, before the QR code changes accordingly, in real-time, and the payment can be transferred from the crypto wallet once the buyer scans the code with his mobile device. The dealership would then have the option to either keep the money in Bitcoin or convert it back to fiat currency.
The luxury vehicle, a 2011 Ferrari California with 14’000km on the clock, was bought for R1.8-million or in this case, 2.03 Bitcoin. The purchaser had already test-driven the car and signed an offer to purchase, ahead of the crypto transaction.
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