Proving once again that Bitcoin is not just for illicit purchases (you can go to space with it too!), a man bought a Tesla Model S car with bitcoins. The purchase is reportedly the first Tesla, and possibly the first car ever, to be bought with the online currency.
Lamborghini Newport Beach in Southern California sold the car, the dealership announced on its blog last Wednesday, but the buyer is currently unknown.
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"We just sold our very first vehicle with Bitcoin as payment," reads the blog post. "That's right, an electronic currency was used to purchase a fully electric vehicle." The dealership, which is not operated by Tesla, also announced that it would accept Bitcoin payments going forward.
There aren't many details available about the purchase, but the dealership's marketing director, Cedric Davy, told CNN that a man from Florida bought the car for 91.4 bitcoins, which at the time were equivalent to $103,000. Though the price of Bitcoin dropped shortly after the sale, CNN reports that BitPay locked in Tuesday's price for both buyer and seller.
The dealership didn't previously accept Bitcoin, but when the man called asking if he could pay with it, they researched it and worked with Bitcoin payment processor BitPay to make the sale happen.
"All these people have bitcoins," Davy told CNN. "I think some people are trying to spend it."
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