Post Oak Motor Cars Accept Bitcoin NYDIG Integration
- Houston residents can now buy luxurious vehicles via natively built-in bitcoin-backed loans.
- Post Oak Motor Cars introduced a partnership with NYDIG to present clients entry to a fully-fledged suite of Bitcoin companies, together with custody and lending.
- POMC workers will even be capable to allocate a portion of their paychecks to BTC.
A Houston-based luxurious auto vendor will quickly be capable to settle for bitcoin for its companies, according to a launch despatched to Bitcoin Magazine. Post Oak Motor Cars have introduced a brand new partnership with NYDIG, a bitcoin-focused monetary companies agency, integrating Bitcoin into its enterprise operations.
The collaboration will permit POMC clients to buy luxurious automobiles financed via BTC-backed loans and allow workers to allocate a portion of their paychecks to bitcoin.
“We are proud to partner with a firm like NYDIG to offer our customers the ability to finance a car with a loan secured by bitcoin and to offer our employees the opportunity to allocate a portion of their paychecks to bitcoin,” mentioned Lonny Soza, normal supervisor of POMC. “NYDIG has a vision to make bitcoin more accessible, and our industry-leading partnership will propel that vision into reality and give our key stakeholders the opportunity to have exposure to sound digital money in bitcoin.”
POMC additionally introduced that it had offered its first luxurious car financed with bitcoin, a Rolls Royce Ghost. The purchaser financed the automobile with BTC held at NYDIG.
The luxurious automobile vendor will leverage NYDIG’s platform to carry bitcoin in its treasury and finance an enlargement of POMC’s footprint. The firm shared that its first bitcoin-financed enterprise shall be a brand new dealership in The Woodlands, Texas.
“This partnership marks an important milestone as we start to help Americans unlock the spending power of their bitcoin through borrowing USD against it without selling their long-term bitcoin holdings,” mentioned Patrick Sells, chief innovation officer at NYDIG, per the discharge.