Sunday 8 December 2013

The Dealership That Sold A Tesla For Bitcoin Lost A Lot Of Money After Today's Crash

teslaNewport Lamborghini
A Tesla Model S on sale at Newport Lamborghini


Yesterday, the news broke that someone had purchased a Tesla Model S using bitcoin.
The California dealership that sold the car is now looking for more opportunities to deal with the controversial digital currency,according to The New York Post.
Cedric Davy, marketing director for Lamborghini Newport Beach, told The Post that the dealership was at first dubious about the idea of selling a car for bitcoin when a buyer first approached it on Monday.
But, after a day's thought, the dealership decided to accept the offer. It used BitPay, an electronic payment processing system, to cash out the buyer's 91.4 bitcoins for more than $100,000. The transaction took 24 hours to complete.

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