Porsche Dealer Now Accepts Shiba Inu and Dogecoin
Porsche Towson, a Baltimore-based car dealer, has announced a cooperation with BitPay.
According to an announcement issued earlier this Tuesday, Porsche Towson, Baltimore’s sole private Porsche facility, has joined with crypto payment processor BitPay to accept digital assets.
Notably, the dealership, which sells new and used cars, now accepts Dogecoin and Shiba Inu, two of the most popular meme coins, in addition to more traditional cryptocurrencies like Bitcoin.
BitPay processed 76,583 payments in March of this year. Bitcoin accounted for more than half of the company’s transactions in January.
A family from Austin made headlines in 2013 when they sold their 2007 Porsche Cayman S for 300 Bitcoins ($12.4 million at the time of writing). Various car dealerships all across the world have adopted cryptocurrencies since then.
In a partnership with Australian exchange CoinSpot, Dutton Garage, one of the world’s top retailers of exotic and unusual cars, began taking 30 cryptocurrencies earlier this month.
The famous car company also entered the non-fungible token frenzy last year by launching Fanzone, a trading platform for NFTs.
As part of a pilot project with Berlin-based start-up XAIN, it also became the first automaker to begin testing blockchain technology in 2018.
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