According to an announcement made earlier this Tuesday, Porsche Towson, Baltimore’s only exclusive Porsche hub, has partnered with crypto payment processor BitPay to accept digital assets.
Shiba Inu and Dogecoin now accepted by Porsche Dealer
The dealer offers both new and used Porsche cars, now accepting Dogecoin and Shiba Inu, the two most popular meme coins, alongside more conventional cryptocurrencies like Bitcoin.
Last March, BitPay processed a total of 76,583 payments. As of January, Bitcoin accounted for more than half of the company’s transactions.
In 2013, an Austin family made headlines after selling their 2007 Porsche Cayman S for 300 Bitcoin ($12.4 million at press time). Since then, various auto dealers around the world have accepted cryptocurrency.
Earlier this month, Dutton Garage, one of the world’s leading exotic and rare car retailers, began accepting 30 cryptocurrencies in partnership with the Australian exchange CoinSpot.
Last year, Porsche joined the irreplaceable token craze by launching Fanzone, a platform for trading NFTs. In 2018, it also became the first automaker to begin testing blockchain technology as part of a pilot project with Berlin-based startup XAIN.
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