Aussie auction house allows cryptocurrency payments for hotrod...

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    Aussie auction house allows cryptocurrency payments for hotrod Holdens and more






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    Aussies keen to get their hands on the "holy grail" of Holdens – or something more modern like a Tesla – can now do so by cashing in some of their Bitcoin.
    Local auction house Lloyds has become the first in Australia to accept cryptocurrency payments for items, which include everything from an A9X Holden Torana to a toaster.
    Lloyds will accept payment with Bitcoin, Ethereum and most other popular coins, while the seller will be paid in Australian dollars.
    This pristine A9X Holden Torana could break records when it goes under the hammer this weekend. (Lloyds)
    Chief Operations Officer Lee Hames said the take-up of the payment option was almost immediate by crypto-savvy investors looking to purchase some boys toys.
    "Within hours of offering cryptocurrency as a payment option, a $100,000 custom-built caravan was paid for entirely by crypto. Since then, we have had quite a bit of interest on our upcoming classic cars and earthmoving machinery auctions," Mr Hames said.
    "We have seen people using this as a way of divesting out of cryptocurrency and back into real-life assets.
 
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