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Buy a Ferrari in South Africa with Bitcoin

For the first time in history, South African crypto investors can buy a Ferrari with cryptocurrencies. Thanks to a partnership with Sandton-based luxury car dealership, Ferris Cars and AltCoinTrader, you can now buy a Ferrari with Bitcoin, USDT and xZAR.

First Ferrari sold for BTC in SA

This week, history was made when a Ferrari was bought with Bitcoin in South Africa. This follows a partnership between South Africa’s favourite cryptocurrency exchange, AltCoinTrader and luxury car dealership, Ferris Cars.

During the prestigious event, 2.03 BTC was paid for a Ferrari California. With the use of the AltCoinTrader app, it took only a few seconds for the transaction to go through. Buying a Ferrari with AltCoinTrader and Ferris Cars, is even quicker than popping the champagne!

“Adoption is a slow process, but what we can clearly see from events like this, is that it is happening and that it is a snowball effect. We are going to see this happen more and more. The adoption of cryptocurrencies is inevitable.”

How to buy a Ferrari with cryptocurrencies

After Ferris Cars expressed interest in accepting Bitcoin and other cryptocurrencies as payment for high end vehicles, AltCoinTrader jumped at the opportunity to assist.

After various consultations, the team at AltCoinTrader coded a platform for Ferris Cars with which they could quickly and efficiently accept cryptocurrencies. Currently, payment is accepted in BTC, Tether (USDT) and the South African stablecoin, xZAR.

Follow these easy steps to buy a Ferrari:

  1. Visit the Ferris Cars website
  2. Select “Crypto Payment” on the home page.
  3. Type in the ZAR amount that you want to pay
  4. The QR code will automatically change
  5. Simply scan the QR code and make payment in either BTC, USDT or xZAR from your AltCoinTrader account.

When Lambo?

To answer the question “When Lambo?”, it is now! In a statement on their website, Ferris Cars said they recognize the incredible impact cryptocurrencies have on the world and the significant potential it has to impact their business.

“We are exceptionally proud to be the first to enter into this space in the auto business and see it as a testament to our ambition for a new, fresh and relevant Ferris Cars.” What’s more is Ferris Cars can facilitate the purchase of any car, from any dealership or private seller in the three mentioned cryptocurrencies.

AltCoinTrader is proud to be working closely with local regulatory bodies to ensure compliance in every transaction that is facilitated. If you are dreaming of driving off in a red Ferrari, be sure to register on AltCoinTrader today.