Newsletter 9: A South African First at Ferris
Buying your dream car just went digital.
We are excited to announce that Ferris Cars is the first high-end car dealership in South Africa to accept Bitcoin as a method of payment.
Yeah, you read that right……
Ever since the decentralised cryptocurrency made its mark as a formidable means of exchange, holders of the digital coin have defined their crypto success by their ability to buy a Lamborghini, or a “Lambo” after a number of new Bitcoin millionaires very publicly used their supercar as a means to flaunt their excessive wealth. Since then, High Net Worth Individual’s (HNWI) and fintech savvy investors around the world have been buying up supercars with Bitcoin wherever the currency is being accepted.
At Ferris Cars, we recognise the incredible impact this digital phenomenon is having on the world and the significant potential it has to impact our business.
We are exceptionally proud to be pioneers in this space in South Africa and the first to do so in the local auto business. We see this as a testament to our ambitions for a new, fresh and relevant Ferris, ahead of the curve with more exciting news on the horizon.
To help us in this endeavour, we are thrilled to have secured the expertise, advice, and support of our partners at South Africa’s most popular and well-established cryptocurrency exchange, AltCoinTrader.
AltCoinTrader was established in 2015 by Richard de Sousa. It has since become the most trusted cryptocurrency trading platform in South Africa. It has amassed over 500 000 subscribers on its platform, from around the world, and routinely facilitates over hundred thousand transactions per month to the value of hundreds of millions of Rands.
AltCoinTrader is a local thought leader on the subject of cryptocurrency. It helps local merchants begin to accept cryptocurrency as a method of payment and facilitates the transactions on its AltCoinTrader platform. AltCoinTrader is working closely with local regulatory bodies to ensure compliance in every transaction they facilitate.
As of today, you will be able to buy your dream car at Ferris by paying for it in Bitcoin (BTC), xZAR or Usdt. In fact, we would gladly facilitate the purchase of any car, from any dealership or private seller, in these currencies, should you not find what you are looking for on our showroom floor.