Why Dutton Garage, a car retailer will accepts payment in cryptocurrency

[Lens1000]

The major happening around cryptocurrency is when there is a whale alert from the whalestat. The whalestat oversee the major purchase of the cryptocurrency by the whales. This type of news are regarded as a major news because it will cause a spike in the price of cryptocurrencies. A major news around bitcoin made the pioneer coin surge to its ATH ( all time high). This is basically the major news that the cryptocurrency investors are expecting now, because it was on the news that the cryptocurrency especially the bitcoin would surpass its all time high if it us accepted by the institutional whales. We could recall that bitcoin reached $69000 when Tesla announced that it will use the coin as one of the payments option for its luxurious electric cars.

The cryptocurrency exchange, CoinSpot bagged a deal with a car retailer in Australia, Dutton Garage, to allow the teeming users of the exchange to buy the luxurious cars in cryptocurrency. 30 different cryptocurrencies are accepted, bitcoin inclusive. This is one of the major news that could cause a significant change in the price of cryptocurrencies. This is majorly a news that most of the cryptocurrency investors are really expecting now.

 

[Flow-er]

This is a very new development around cryptocurrency because we could see what the adoption of bitcoin as a payment option for the purchase of tesla's business card did to the world of cryptocurrency. It was at this stage that the bitcoin reach its all-time high and it has never gotten to that level ever since bitcoin was withdrawn as one of the payment option for the purchase of tesla's Lauxerious electric cars. When I saw the trade that another car production company is willing to adopt cryptocurrency as its payment option I immediately remembered the impact of tesla's adoption of bitcoin in the cryptocurrency ecosystem. I hope that this particular development will cause a similar surge in the price of cryptocurrency as it was seen last year. Coinspot bagging a deal with the car manufacturer is a big milestone for the cryptocurrency exchange as its uses will have access to purchase the luxurious cars with the balance on the exchange. This will undoubtedly increase the numbers of users of the exchange and it will bring a tremendous development for the financial stand of the exchange at large.. this is indeed one of the positive news that we need to hear around the crypto ecosystem.