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Dash Token Is Used To Purchase Car For First Time

12:09 08/10/2018

AutoFair, a US-based car dealer, began accepting Dash cryptocurrency as a means of payment. The company has already sold a car that was fully paid in Dash tokens, AMBCrypto reports.



The first such transaction in the showroom became possible through a payment aggregator Anypay. Derrick J. Freeman, an official at the settlement firm, noted that previously only small enterprises accepted payments in crypto, but now even larger companies start supporting cryptocurrencies. He also said that merchants usually expect to exchange the received digital money for fiat at first, but soon they see the benefits of cryptocurrency and decide to keep it.


Dash is the 13th largest crypto asset by capitalization (more than 1.5 billion US dollars), according to the CoinMarketCap rating. The price for a coin is $179.88.


Source: CoinMarketCap


Dash tokens have been launched in the crypto market in 2014. In December 2017, the cost of altcoin reached its historic maximum of $1,499.


As written on the Dash website, several projects, such as virtual postcard store GiftOff and startup for paying bills called Living Room Of Satoshi, also accept this cryptocurrency.


Previously, an American company Classic Recreations that specializes in restoring of old Mustang models started accepting cryptocurrencies as a means of payment. Retro cars can be purchased for bitcoin, Litecoin, ether, Docademic and other altcoins.


Also, one of the leading German automobile corporations Porsche announced the decision to invest $176 million in startups related to blockchain and artificial intelligence.

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