Cryptocurrency payment in car sales

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DIFD AUTO enables buyers to purchase Tesla and imported cars using cryptocurrency
GlobeNewswire News Roomยท 2025-08-15 23:30
Group 1: Industry Trends - Tesla's partnership with Dogecoin signifies a shift in cryptocurrencies from speculative assets to lifestyle tools, indicating a broader acceptance in traditional industries [1][3] - The integration of Dogecoin into Tesla's payment system has prompted the automotive industry to reconsider the definition of currency, highlighting the potential for cross-industry integration and innovation [3][4] Group 2: DIFD AUTO Overview - DIFD AUTO, founded in 2019 and based in the UK, specializes in smart car sales and has developed a global export network across five continents [5] - The company offers a comprehensive service that includes international shipping, customs clearance, and multilingual customer support, catering to a high-end market with luxury brands like Porsche and Ferrari [5] - DIFD AUTO accepts various cryptocurrencies for vehicle purchases, promoting the idea that cryptocurrency can democratize car ownership [5] Group 3: Payment Process and Security - During auctions, all bids are listed in US dollars to mitigate concerns over cryptocurrency fluctuations, with an option for buyers to pay in cryptocurrency [4] - DIFD AUTO provides a secure title and payment escrow service, including a free cryptocurrency-to-USD exchange, to enhance transaction security [4] - Buyers are advised to convert their cryptocurrency into stablecoins like Tether (USDT) or USDC to avoid volatility when making high-value purchases [4]