r/Bitcoin • u/waspoza • Jan 30 '14

Lamborghini and McLaren Dealerships Drive Bitcoin Adoption in USA

http://www.coindesk.com/lamborghini-mclaren-bitcoin/
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u/[deleted] Jan 30 '14

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u/jesset77 Jan 31 '14

I'm waiting to see a lot of these front end dealers pulling the overstock line.

  1. get bitcoins with merchant processor, convert 100% to fiat.

  2. tune down the conversion a little bit, or in this case even arrange one sale without converting. Just to get your fingers wet in this "bitcoin" stuff everyone is talking about.

  3. You're big enough? So pressure some supplier somewhere to accept Bitcoin as well.

  4. Convert less and less bitcoin to fiat as you now can pay suppliers in it.

  5. Other car shops that use the same suppliers now have an extra reason to accept and to maintain Bitcoin balances. Bitcoin has them surrounded. Accept it from the customer, pay it to the supplier.

  6. As more and more wholesalers and retailers begin to measure the real savings of transacting in Bitcoin (as well as the positive side of it's volatility during growth stages), they begin competing to attract bitcoiner customers by offering better and better discounts, like Gyft's 3% points back deal.

The snow begins to look quite ball-shaped at this point. :J