Australia’s leading crypto exchange with over 2.5 million customers, CoinSpot, signed partnership with prestige car retailer Dutton Garage
CoinSpot & Dutton Garage Crypto Partnership
Dutton Garage collaborates with CoinSpot. Australians may now use cryptocurrency to buy vehicles via Dutton Garage, a luxury and prestige card dealer. Australians may purchase cards from Dutton in over 30 different cryptocurrencies through the Coinspot over-the-counter (OTC) system. Bitcoin and Ethereum are examples of these cryptocurrencies.
Market volatility is one of the most serious problems when it comes to accepting cryptocurrency payments. CoinSpot OTC has a lock-in mechanism that decreases the chance of a big price change at the moment of purchase. CoinSpot OTC services are intended for transactions over AUD$ 500,000, making them ideal for Dutton Garage.
Some of the cryptocurrencies that may be used to purchase things from Off-White are Bitcoin, Ether, Binance Coin, Ripple Coin, Tether, and USDC. For digital payments, Off-White uses the Lunu payment service. Lunu describes how its clearing mechanism works on its website to manage pricing variations. More businesses may accept Bitcoin payments in the future.
Customers of Dutton Garage may now inquire about purchasing a vehicle with their cryptocurrency by chatting with a Dutton Garage Sale Associate. Dutton Garage clients can speak with a Dutton Garage Sales Associate, who will coordinate the transaction with their dedicated CoinSpot account manager via CoinSpot’s Over-The-Counter Trading Desk (OTC).
Quotes
Gary Howells, CoinSpot’s chief product officer, acknowledged the collaboration as part of the company’s objective to reduce the technical barriers to entry that surround cryptocurrencies, therefore improving access for consumers and companies alike.
“As Australians continue to look for more ways to find value in their crypto investments, CoinSpot’s partnership with Dutton Garage symbolises our commitment to expanding the utility of crypto. With Web 3.0, digital currencies are becoming more than just stores of value, and instead, legitimate ways to purchase big-ticket items, whether that’s a Bored Ape NFT (non-fungible token) via CoinSpot’s NFT marketplace or buying a Porsche 911 with Bitcoin from Dutton Garage. Increasing crypto’s utility is the key to driving mass adoption of what we believe is the future of finance. This partnership is only the beginning of CoinSpot’s ability to facilitate transactions within the luxury goods market.”
Juv Jayaram, chief technology officer at Dutton Group, added: “Providing exceptional customer service is a major part of the experience at Dutton Garage, and working with Coinspot has enabled our customers to access their crypto investments and transact with us in a seamless and transparent manner.”
