High-end car dealership announces new payments option
Japanese luxury car dealership, L’Operaio, has announced that it will now accept payments in Bitcoin via BitFlyer.
The dealer that imports and sells high-end vehicles, such as European supercars, says it is teaming up with Japan’s largest exchange.
The company, which specializes in Lamborghini, Porsche, and Ferrari sales, says it is adding bitcoin as a payment option for customers.
BitFlyer will provide technical support for the transactions.
Bitcoin in retail
L’Operaio isn’t the first retail company to team up with bitFlyer for Bitcoin payments.
The exchange already has a wide range of existing retail partnerships.
BitFlyer usually offers a limited settlement cap for purchases, that normally ranges from $900 to $2,760.
What’s notable about their latest deal with the Japanese car dealer is a dramatic increase in the cap.
The new limit will allow customers to make purchases of up to $1 million in bitcoin using its digital wallet.
Plans to expand
BitFlyer made the announcement via their website on Tuesday.
According to the press release, the new partnership is currently in its initial phase.
Bitcoin payments will be available immediately from the car dealer’s stores in stores in Setagaya, Nerima, and Aoyama in Tokyo.
The next phase will involve rolling out the option to all of the national company’s stores in the future.
The exchange plans to partner with more firms trading in high-value luxury items such as boats, houses, and jewelry.
BitFlyer has already secured some impressive collaborations with major retailers in Japan.
Japanese electronics giant Bic Camera has integrated the exchange’s cryptocurrency wallet in all of its stores in Japan.
Tech retailer Yamada Denki has also added the system at its flagship branches.
Department store chain Marui also introduced Bitcoin payments via bitFlyer’s crypto wallet at a key location in Shinjuku, Tokyo.