Cion Digital integration into CarNow platform will provide auto dealers with fast and compliant crypto payment and lending solutions
Cion Digital & CarNow Partnership
CarNow, the automotive industry’s premier digital retailer, announced today a partnership with Cion Digital that will enable consumers to purchase and finance automobiles using cryptocurrencies through an interface with CarNow’s Real-Time Retail platform.
Cion Digital’s payments and lending platform will provide businesses with the connectivity, infrastructure, and support necessary to deploy blockchain-based real-time payment and lending solutions, as well as to integrate digital assets into existing traditional and legacy payment and lending systems, Cion said.
Cion Digital’s ready-to-deploy modular payments and lending platform enables businesses to quickly implement blockchain-based real-time payment and lending solutions, as well as to integrate digital assets into existing traditional and legacy payment and lending systems. This feature will be made accessible to CarNow’s over 5,000 dealer network and will include a first-of-its-kind crypto financing marketplace that will allow car customers to utilize their cryptocurrency as collateral for exceptionally competitive loan rates.
Quotes
Commenting on the partnership, Tim Cox, Co-founder and Chief Evangelist of CarNow, said: “This partnership further demonstrates our commitment to providing our dealers and their clients with the most inclusive, dealer-friendly payment options. Now our dealers can better connect with a new kind of buyer who is looking to leverage next generation cryptocurrency payment options and create a more frictionless car buying journey. We’re thrilled to be embarking on this alliance together as we look to transform the car-buying experience.”
Fred Brothers, President and Co-founder of Cion Digital, said: “Cion is excited to officially partner with CarNow to offer their dealer partners the ability for buyers to pay for vehicles in cryptocurrency or to use their cryptocurrency as collateral for what is often a lower cost loan. With more than half of Millennials now owning crypto, CarNow is increasing dealer capabilities for this fast-growing market of buyers who want more financing and purchasing options at the dealership.”
