Buy this Rolls Royce Phantom with Bitcoin

As cryptocurrency continues to spread into the mainstream, one enthusiast has offered up his Rolls Royce for sale, but only accepts Bitcoin.

More and more businesses are beginning to accept crypto payments for good and services, and the housing market is slowly adopting Bitcoin for house purchases.

Many people are now starting to see the advantages of using digital assets to pay for high-value items.

And now, these same ideas are being extended to a whole range of luxury items.

One car seller in Manchester, UK, has placed his gold Rolls Royce Ghost for sale on Autotrader, but his asking price is in Bitcoin, not pounds.

Brand new, a Rolls Royce Ghost is valued at around $320,000, but this used one is for sale for the equivalent of £117,000 ($162k) worth of Bitcoin.

Speaking to the Daily Mail, the owner describes Bitcoin as the future, saying:

“Why not trade in Bitcoin?

“I treat it in exactly the same way as normal currency these days.

“It’s safe, convenient and incredibly valuable right now so, to me, it makes sense to trade my car this way.

“It’s the future.”

For an added fee, the 2010 Ghost Model also comes with a personalized “golden” number plate.

Complete with a 6.6-liter engine, the Gold car is as luxurious as its price tag.

To put the rising values of Bitcoin into perspective, had you bought $18,700 (£13.5k) worth of Bitcoin a year ago, you would now be able to buy golden Rolls-Royce, at the current price of BTC.

A sign of things to come

As cryptocurrencies show strong signs of rebounding after the recent price correction, its use is bound to grow.

Whether people decide to hold onto their Bitcoin or sell as prices rise, there will be a flurry of investors looking to get into the market.

With more people wanting Bitcoin, we’re likely to see more ‘everyday’ transactions made with virtual currencies.

As more high-priced transactions take place using Bitcoin, we should see an increase in everyday purchases with other digital assets such as Litecoin or Ethereum.

With the coming launch of Litepay, paying for your coffee with Litecoin should soon be an everyday occurrence.