{"id":341097,"date":"2017-12-26T06:38:48","date_gmt":"2017-12-26T05:38:48","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/prison-planet-com-car-dealership-says-it-will-accept-payment-in-bitcoin\/"},"modified":"2017-12-26T06:38:48","modified_gmt":"2017-12-26T05:38:48","slug":"prison-planet-com-car-dealership-says-it-will-accept-payment-in-bitcoin","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/prison-planet-com-car-dealership-says-it-will-accept-payment-in-bitcoin\/","title":{"rendered":"Prison Planet.com \u00bb Car Dealership Says It Will Accept Payment In Bitcoin"},"content":{"rendered":"<div>\n<p>      <!-- START CONTENT --><\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/news\/2017-12-20\/car-dealership-says-it-will-accept-payment-bitcoin\"><strong>Zero Hedge<\/strong><\/a><br \/>December 22, 2017<\/p>\n<p><strong>A rudimentary payments network that can only process \u2013 on average \u2013 about 7 transactions every 10 minutes isn\u2019t deterring merchants from accepting bitcoin for large-scale purchases like homes and cars.<\/strong><\/p>\n<p>To wit, the owner of a car dealership near Albany told a local news station that he will begin accepting bitcoin, as the\u00a0<a href=\"https:\/\/apnews.com\/4a18fc84c6db428991aebc48fbf44243?utm_campaign=SocialFlow&amp;utm_source=Twitter&amp;utm_medium=AP\">Associated Press<\/a>\u00a0reported.<\/p>\n<blockquote>\n<p>Michael Severance, of Michael\u2019s Auto Plaza, tells WTEN-TV the dealership recently started accepting the digital currency. Severance says he became interested in bitcoin as its value rose. The East Greenbush businessman says he wanted his dealership to take advantage of an opportunity.<br \/><u><strong>Severance says he saw people buying large pieces of property with the digital currency and figured cars should be no different.<\/strong><\/u><\/p>\n<\/blockquote>\n<p>Severence told a<a href=\"http:\/\/news10.com\/2017\/12\/19\/capital-region-car-dealership-now-accepting-bitcoin\/\">\u00a0local TV<\/a>\u00a0station that the digital currency\u2019s staggering appreciation inspired him to accept it as payment.<\/p>\n<blockquote>\n<p><strong>\u201cCertain things boom and they just take off. They take off quick. You have to capture it while it\u2019s hot.\u201d<\/strong><\/p>\n<\/blockquote>\n<p>He also asserted that bitcoin \u201cisn\u2019t going away any time soon.\u201d<\/p>\n<p>As we pointed out late last week, sellers of luxury homes and apartments are increasingly demanding payment in bitcoin. One\u00a0<a href=\"http:\/\/www.zerohedge.com\/news\/2017-09-20\/somebody-just-bought-house-bitcoin\">seller who accepted payment in bitcoin for his Texas home<\/a>\u00a0over the summer has already notched a return of more than 300%. When the transaction occurred, bitcoin was trading at around $4,000 a coin.\u00a0<strong>On Wednesday, it was trading closer to $16,000 after touching an all-time peak near\u00a0<u>$20,000.<\/u><\/strong><\/p>\n<p>\u00a0<\/p>\n<p>One seller advertising a luxury\u00a0<a href=\"http:\/\/www.zerohedge.com\/news\/2017-11-19\/realtors-miami-manhattan-are-now-accepting-payment-bitcoin\">Miami condo\u00a0<\/a>on Redfin.com stipulated that he would only accept payment in bitcoin. And increasingly,<a href=\"http:\/\/www.zerohedge.com\/news\/2017-12-13\/it-starts-miami-condo-owner-demands-be-paid-exclusively-bitcoin\">high end real-estate brokers<\/a>\u00a0in markets like Miami and New York City say their clients are expressing interest in digital currencies.<\/p>\n<p><strong>But even though sluggish and unpredictable transaction times have become a barrier to adoption, in some places,&#8230;<\/strong><\/p>\n<\/div>\n<p><a href=\"http:\/\/www.prisonplanet.com\/car-dealership-says-it-will-accept-payment-in-bitcoin.html\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Zero HedgeDecember 22, 2017 A rudimentary payments network that can only process \u2013 on average \u2013 about 7 transactions every 10 minutes isn\u2019t deterring merchants from accepting bitcoin for large-scale purchases like homes and cars. To wit, the owner of a car dealership near Albany told a local news station that he will begin accepting [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-341097","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/341097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=341097"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/341097\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=341097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=341097"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=341097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}