Much WOW! Daytona Nissan now accepting Dogecoin (kind of)

The number of businesses accepting cryptocurrency is increasing and the latest example is Daytona Nissan. The Florida-based Nissan dealer announced today that they will be accepting Dogecoin (with some pretty heavy caveats).

Earlier this week, Tesla famously invested US$1.5 billion into Bitcoin, while also announcing they were looking to enable vehicle purchases using the digital currency.

As the price of crypto rises, its not surprising businesses are moving to support payment with an appreciating asset. These are volatile, so there are certainly risks in accepting it, which explains when the terms and conditions on this are fairly extensive.

*Do to the high volatility of DogeCoin, we recommend that you convert your DogeCoin to USD within your preferred trading platform. However, Dogecoin is accepted, but only for down payment and up to an equivalent US Dollar value of $5,000 based at the time of transaction of current market value.

Please consult a tax expert on the use of cryptocurrency to purchase items. Dealer is not responsible for any personal taxes incurred. Transfer of Dogecoin does not absolve the sender of any taxes, liabilities, or capital gains taxes. Must be 18 years of age or older. Please see dealer for full details. Expires 02/12/2021

Transfer of DogeCoin will be accessed a 25% convenience fee

This definitely feels like the marketing department seen an opportunity to capitilase on this week’s crypto boost, rather than a series effort to support vehicle purchases, but still, its an interesting development in the space.

At the time of writing, Dodecoin was worth $0.070277, which means you’d need quite a lot to reach the $5,000 deposit.

Read Full Article


Latest articles

Related articles

Leave a reply

Please enter your comment!
Please enter your name here