Bentley news

A British manufacturer and marketer of luxury cars and SUVs—and a subsidiary of Volkswagen AG since 1998.

World latest news

Houston Restaurant Owner Becomes First To Buy Bentley With Bitcoins at Tilman Fertitta’s Dealership

A couple of weeks back BitcoinExchangeGuide had reported that Houston hospitality mogul, Tilman Fertitta, announced that his luxury car dealership would accept bitcoin and bitcoin cash. In retrospect, it seems like the market was ready for the move, as he has already found his first bitcoin customer. On September 17, Ken Bridge, the owner of a local restaurant group Delicious Concepts (Ritual, Ready Room, Blackbird Izakaya, etc), used a portion of his bitcoin holdings to purchase a Bentley Continental GT. He appears to be the first person in the country to use cryptocurrency to buy a vehicle from a dealership. “I have always had tremendous respect for Tilman and all that he has accomplished, and I wanted to demonstrate my support towards his pioneering efforts,” Bridge said in a statement. “Blockchain and crypto are undoubtedly the technologies of the future, and I applaud Tilman for making massive strives in Bitcoin consumerism.” The list price for a Continental GT spans from around $220,000 to $320,000, but Bridge has been a long time investor in bitcoin, so says his dollar cost is much lower. He first bought into bitcoin when it was $648, and tries to take advantage of any price dips to invest more. Bridge is such an advocate for cryptocurrency that he has implemented a blockchain-based loyalty reward system in his restaurants. This has a companion app, enabling users to order dishes through their mobile phones. With each purchase, a customer earns proprietary Roobee Coin, which can be redeemed at participating outlets. Bridge’s ultimate goal is to list Roobee Coin on crypto exchanges. “Still today, most people remain unaware of the potential of blockchain and cryptocurrencies, and the global impact they will have on all of us in the very near future,” Bridge added in the statement. We also see that the Houston Rockets have partnered with AntPool for this upcoming NBA season as the owner continues to show he is a bitcoin and cryptocurrency bull by leading the adoption in the professional sports world.
Bitcoin Exchange Guide

First Bentley Bought With Bitcoin in the US

Two weeks ago, Houston hospitality mogul, Tilman Fertitta, announced that his luxury car dealership would accept bitcoin and bitcoin cash. Well it seems like the market was ready for the move, as he has already found his first bitcoin customer. First Bentley Bought With Bitcoin Post Oak Motor Cars is a dealership for Rolls Royce, Bugatti and Bentley, along with a selection of high-end pre-owned models. It recently partnered with payment processor BitPay to “allow anyone around the world to purchase our vehicles faster and easier.” It is perhaps ironic then that the first person to take advantage of the opportunity was a local businessman. Houston restauranteur, Ken Bridge, chose to swap his coins for a Bentley Continental GT. He said in a statement: I have always had tremendous respect for Tilman and all that he has accomplished, and I wanted to demonstrate my support towards his pioneering efforts. Blockchain and crypto are undoubtedly the technologies of the future, and I applaud Tilman for making massive strives in Bitcoin consumerism. https://www.instagram.com/p/Bn1_UezA83G/?utm_source=ig_web_copy_link List Price The list price for a Continental GT spans from around $220,000 to $320,000, but Bridge has been a long time investor in bitcoin, so says his dollar cost is much lower. He first bought into bitcoin 00 when it was $648, and tries to take advantage of any price dips to invest more. If he’d made a big enough initial investment, his cash price could have been around $25,000 at current bitcoin prices. Not bad for a brand new Bentley, although pretty unlikely to be the case. Crypto Fan Bridge is such an advocate for cryptocurrency that he has implemented a blockchain-based loyalty reward system in his restaurants. This has a companion app, enabling users to order dishes through their mobile phones. With each purchase, a customer earns proprietary Roobee Coin, which can be redeemed at participating outlets. Bridge’s ultimate goal is to list Roobee Coin on crypto exchanges. The cynical amongst us may suggest that outing himself as the first bitcoin Bentley buyer was just for self-promotion. After all, most Bentley customers choose not to identify themselves. Hey, maybe the whole purchase was just a marketing ploy to get some press. Well if so, it worked, so best of luck to him. Would you spend bitcoin to purchase a car? Let us know in the comments below!  Images courtesy of Shutterstock The post First Bentley Bought With Bitcoin in the US appeared first on Bitcoinist.com.
Bitcoinist

Bugatti, Rolls-Royce, & Bentley Retailer Begins Accepting BTC and BCH

Bitcoin and Bitcoin Cash users can now spend their digital riches on luxury vehicles. A Houston retailer has reportedly become the nation’s first high-end dealership to accept the cryptocurrencies. When Bugatti? Post Oak Motor Cars has become the nation’s first Rolls-Royce, Bugatti, and Bentley dealership to accept Bitcoin (BTC) 00 and Bitcoin Cash (BCH). The venue is owned by hospitality mogul Tilman Fertitta. In an official press release issued September 5th, the company announced that it will partner with Bitcoin processor BitPay in order to enable luxury car buyers to purchase carriages from any part of the world using the selected cryptocurrencies. Speaking on the matter, Tilman Fertitta said: The rising of bitcoin sparked my interest. […] Being a premier luxury car dealer, I always want to offer my customers the very best buying experience and this partnership will allow anyone around the world to purchase our vehicles faster and easier. Fertitta has previously told CNBC that he believes that Bitcoin is “here to stay”, hence making his most recent move rather natural. Provoked by Interest According to Sonny Singh, Chief Commercial Officer (CCO) of BitPay, the move by Post Oak Motors is timed accurately as the interest towards making larger purchases with bitcoin has increased. We’ve noticed people prefer to make larger purchases with bitcoin since it is a simple way to make payments. […] This partnership is timely with the increasing popularity of Rolls-Royce, Bentley and Bugatti vehicles. Post Oak Motors has a great reputation of selling the finest cars and we are thrilled to be partnering with Tilman. – Said Singh. Earlier this week Giacomo Zucco, CEO of BHB Network, urged a Latvian airline airBaltic to replace BitPay as its Bitcoin payment processor because it “doesn’t work.” What do you think of Post Oak Motor Cars’ move to accept Bitcoin and Bitcoin Cash? Don’t hesitate to let us know in the comments below! Images courtesy of Shutterstock.  The post Bugatti, Rolls-Royce, & Bentley Retailer Begins Accepting BTC and BCH appeared first on Bitcoinist.com.
Bitcoinist
More news sources

Bentley news by Finrazor

Trending

Hot news

Hot world news

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its […] Cet article Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust est apparu en premier sur Bitcoin Central.
Bitcoin Central

Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard. Babak Dastmaltschi, Chairman of the DTR Foundation Council, said: “The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.” According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum. Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said: “We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.” The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin. To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved. Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented: “In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.” The launch of the Unit-e is planned for the second half of 2019. Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project
Coinspeaker

BitPay CEO Says Bitcoin Is Solving Real Problems Around the World

BitPay co-founder and CEO, Stephen Pair, has recently commented that Bitcoin (BTC) is solving several issues around the world. He said that in a press release uploaded a […] The post BitPay CEO Says Bitcoin Is Solving Real Problems Around the World appeared first on UseTheBitcoin.
Use The Bitcoin

Trillion Dollar Market Cap, Ethereum Chain Splits & Stellar Lumens Fund - Crypto News

In this video, Mattie gives you the latest bitcoin and crypto news. He talks about the ethereum chain splitting, BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars, and a new Stellar Lumens fund. This is a daily segment! ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: https://bit.ly/2sZCAiF New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! https://www.youtube.com/channel/UCxulvI2C9wUvvDDNS7S35fA/videos ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://bit.ly/2GDAoCp Facebook: https://bit.ly/2wYksLB Telegram: https://bit.ly/2IAqDuI ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: Leading Crypto Asset Manager Grayscale Launches Stellar Lumens Trust https://www.altcoinbuzz.io/crypto-news/finance-and-funding/leading-crypto-asset-manager-grayscale-launches-stellar-lumens-trust/?fbclid=IwAR2AlAU_C_8Mm9CUm2hDci0pmdW3pvLzphS-BSy888SzDptaXMeifxZgJ1I Crypto Investment Firm Grayscale Launches Fund Dedicated to Stellar Lumens (XLM) https://www.cryptoglobe.com/latest/2019/01/crypto-investment-firm-grayscale-launches-fund-dedicated-to-stellar-lumens-xlm/ Grayscale Tweet https://twitter.com/GrayscaleInvest/status/1085904356635959297?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1085904356635959297&ref_url=https%3A%2F%2Fwww.altcoinbuzz.io%2Fcrypto-news%2Ffinance-and-funding%2Fleading-crypto-asset-manager-grayscale-launches-stellar-lumens-trust%2F Grayscale https://grayscale.co/stellar-lumens-trust/ BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars As Company Launches Cold Storage Trading https://dailyhodl.com/2019/01/17/bitgo-ceo-says-institutional-money-in-crypto-can-easily-reach-trillions-of-dollars-as-company-launches-cold-storage-trading/ Crypto’s Billion-Dollar Theft Problem Prompts Safer Way to Trade https://www.bloomberg.com/news/articles/2019-01-16/crypto-s-billion-dollar-theft-problem-prompts-safer-way-to-trade Ethereum Chain Splits, An Estimated 10% of Miners Stay on Constantinople https://www.trustnodes.com/2019/01/17/ethereum-chain-splits-an-estimated-10-of-miners-stay-on-constantinople Ethereum Upgrade – Constantinople Hard Fork Delayed https://www.altcoinbuzz.io/crypto-news/product-release/ethereum-upgrade-constantinople-hard-fork-delayed/ VanEck to Nasdaq: Bitcoin Market Structure Expected to Improve in 2019 https://www.newsbtc.com/2019/01/17/vaneck-to-nasdaq-bitcoin-market-structure-expected-to-improve-in-2019/ Nasdaq Tweet https://twitter.com/Nasdaq/status/1085522054559031296?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1085522054559031296&ref_url=https%3A%2F%2Fwww.newsbtc.com%2F2019%2F01%2F17%2Fvaneck-to-nasdaq-bitcoin-market-structure-expected-to-improve-in-2019%2F -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
Altcoin Buzz
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.