Connect with us

Bitcoin

Bitcoin [BTC] and Bitcoin Cash [BCH] now accepted by luxury car dealer Post Oak Motors

Ajay Narayan

Published

on

Bitcoin [BTC] and Bitcoin Cash [BCH] now accepted by luxury car dealer Post Oak Motors
Source: Unsplash

On 5th September, Post Oak Motors, a car dealership officially announced that they will now accept Bitcoin [BTC] and Bitcoin Cash [BCH] payments through the BitPay exchange platform. This makes it the first Rolls-Royce, Bentley and Bugatti dealership in America to accept cryptocurrency payments.

Post Oak Motors dealership now accepts BTC and BCH | Source: Twitter

Tilman Fertitta, the owner of Post Oak Motors, stated:

“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’s newest luxury development included a luxury hotel in uptown Houston. He owns the NBA Houston Rockets and the Golden Nugget Casinos and Hotels. His restaurant and entertainment company operates in 36 States and is one of the largest employers in America, with more than 60000 employees.

BitPay the global bitcoin payment service provider had recently landed a deal with Post Oak Motor Cars, allowing buyers to purchase luxury carriages from anywhere in the world. Sonny Singh, Chief Commercial Officer of BitPay stated that individuals often use BTC to purchase many products as it is a simple way to make payments. The partnership was timely with the increasing popularity of purchasing luxury vehicles. “Post Oak Motors has a great reputation of selling the finest cars and we are thrilled to be partnering with Tilman”, he added.

Founded in 2011, BitPay is one of the most efficient companies in Bitcoin and blockchain payments. They help businesses send and receive cross-border payments and enable customers to manage their digital assets through the BitPay wallet. It also allows users to convert digital assets into US dollar with the BitPay Prepaid Visa Card.

Wisewizz replied to BitPay on a Tweet,



“Wow. Amazing news. Huge thank you from Bitcoin Cash community!”

Jason commented,

“This is EPIC! Bitcoin Cash is the real Bitcoin. Fast, easy and has practically NO fees. Hopefully more dealers follow suit and accepts Bitcoin Cash for payment. Ill be paying a visit when my coins moon. Thanks adopting cryptos”

Bitcoin enthusiast, Orionthehunt3r a Redditor stated,

“Unfortunately, almost no one will use BTC or BCH to buy anything. Unless you’re looking to stay semi-anonymous.I’d consider this a test run by the owner too see if there’s a market for this.”





Subscribe to AMBCrypto’s Newsletter




Follow us on Telegram | Twitter | Facebook



Ajay Narayan is a full-time journalist at AMBCrypto. He has majored in Economics, Political Science and Sociology. His interests are inclined towards writing and investing in cryptocurrencies.

Bitcoin

Craig Wright files copyright registration for Bitcoin whitepaper; Twitterati say it’s ‘just another form’

Priya

Published

on

By

Craig Wright files copyright registration for Bitcoin whitepaper; Twitterati debate validity of 'filing just another form'Craig Wright files copyright registration for Bitcoin whitepaper; Twitterati debate validity of 'filing just another form'
Source: Unsplash

Craig Wright, Chief Scientist at nChain and one often referred to as “Faketoshi” for claiming to be Satoshi Nakamoto, has filed for the copyright registration of the Bitcoin whitepaper and the Bitcoin software. The Bitcoin Whitepaper titled, ‘Bitcoin: A Peer-to-Peer Electronic Cash System,’ was published by Satoshi Nakamoto, the creator of Bitcoin in 2008. In the filing, Wright claims to be the pseudonymous author Satoshi Nakamoto.

Neeraj K. Agrawal from CoinCenter made the revelation via his social media handle,

“Craig Wright filed a copyright registration for the Bitcoin whitepaper […] Craig Wright also filed a copyright registration for the ‘computer file’ Bitcoin, ie the Bitcoin software itself”

Bitcoin copyright filing 1

Bitcoin copyright filing 2

Bitcoin copyright filing 2

Bitcoin copyright filing 2

Notably, Jerry Brito, Executive Director at CoinCenter, clarified that registering a copyright was “just filing a form.” He further stated that the copyright office had not investigated whether the claims are valid or not, adding that “they just register it.”

He went on to add,



“Unfortunately there is no official way to challenge a registration. If there are competing claims, the Office will just register all of them. Someone else could today also register themselves as the author of the white paper, thus inviting a suit from Wright and letting a court decide on the validity of the claim. I volunteer @petermccormack.”

Interestingly, CoinGeek published an article titled, “Bitcoin creator Craig S. Wright (Satoshi Nakamoto) granted US copyright registration for Bitcoin white paper and code.” Further, the blog post also claimed that the U.S Copyright office was the first government office to recognize “Craig Wright as Satoshi Nakamoto, the creator of Bitcoin.”

Source: Twitter

Source: Twitter

Chris Harvey, a Venture Capital Lawyer commented,

“False copyright registration is “copyfraud”. Unfortunately, no private right of action exists under relevant US copyright law, 18 U.S.C. § 506(e). Violations are punishable by a fine of up to $2,500. No company has ever been prosecuted for violating this.”





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending