Ethereum, the second-largest cryptocurrency, has been accepted as payment in the first cryptocurrency automobile sale transaction at Jeff Wyler Automotive Family. The customer, a Saudi Arabian, paid with Ethereum (ETH) for his 2021 Mercedes-Benz S580.
The Milford-based automobile firm, which was founded in 1973, delivered a Certified Pre-Owned 2021 Mercedes-Benz S580 to a customer in Saudi Arabia at its Mercedes-Benz of Fort Mitchell location.
Jeff Wyler Automotive Family’s adoption of Bitcoin and 11 other cryptocurrencies
At present, 23 stores established in Ohio, Kentucky, and Indiana by Jeff Wyler Automotive Family accept Bitcoin and 11 other cryptocurrencies. It offers buyers to pay a portion or the full transaction with any of the accepted cryptocurrencies or a combination of cryptocurrencies.
Ethereum is quickly becoming one of the most popular cryptos for real estate purchases. Pacaso, a real estate firm, is the first second-home marketplace to accept cryptocurrencies as a form of payment.
Cryptocurrency adoption on the rise
Acceptance of cryptocurrency as payment is increasing, with some firms now allowing consumers to spend cryptocurrency. Companies that take cryptocurrencies via BitPay include Newegg, SlingTV, Twitch, Jomashop, APMEX, American Cancer Society, Namecheap, and the Dallas Mavericks.
The Mavericks became the first major league sports team to accept cryptocurrencies. Other sports clubs that accept cryptocurrencies via payment processor BitPay include the Sacramento Kings (NBA) and Carolina Hurricanes (NHL).
Porsche Towson, Baltimore’s only private Porsche facility, has collaborated with BitPay, to accept digital assets, including Shiba Inu.
 for his 2021 Mercedes-Benz S580 in automobile sale transaction at Jeff Wyler Automotive Family){kind=link}