[Digital Today Reporter Hyeonwoo Choo] HGreg, a used car chain that operates more than 30 dealerships in the US and Canada, supports payment of virtual assets. It is now possible to purchase used cars with bitcoin.
According to Cointelegraph on the 2nd (local time), HGreg, a used car chain based in Florida, USA and Quebec, Canada, announced that it will support virtual asset payment for the first time in North America.
From March, you can pay for new and used cars with Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC). From supercars like Lamborghini to popular Hyundai cars, most of their vehicles can be purchased through virtual assets.
HGreg said, “Part of the profits sold through virtual transaction will be kept in the company account as it is.” The plan is to reinvest by considering it as a digital asset without converting it into cash.
Along with HGreg, Rakuten, Japan’s largest e-commerce company, also announced its intention to support payment of virtual assets. Rakuten plans to add a virtual asset payment option when purchasing a shopping mall through Rakuten Wallet, a blockchain affiliate.
Virtual asset payment can be made in Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH), and the payment amount is limited to 1,000 yen or more and 100,000 yen or less. It is known that Rakuten will focus on expanding the virtual asset settlement service, such as eliminating currency exchange fees when paying for virtual assets.
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.