A number of retailers have recently appeared that accept payments in the cryptocurrency meme Shiba Inu. Recently, they were joined by MotoRenn, a car sales company that started accepting payments in SHIB with Bitpay.
In total, users of the organization can pay in 13 different cryptocurrencies supported by the cryptocurrency processor.
MotoRenn is a startup focused on growing its business through e-commerce. It sells luxury, premium used and exotic cars.
That way, its customers don’t have to go into a car dealership, at the same time they can visit an outlet in Los Angeles to take a test drive and then complete their purchase online.
According to CEO David Zhou, Motorenn wants to make the car-buying process as seamless and easy as possible for customers.
Zhou admits that there are some difficulties when paying in cash, and before accepting payments in cryptocurrency, the company gave preference to bank payments.
One of the problems with cash, according to the CEO, is the physical factor. Cryptocurrency payments solve that problem by making instant and more secure payments.
BitPay is responsible for all regulatory aspects, converting the cryptocurrency received for the car into U.S. dollars.
The company buys cars, pays utilities and pays employees in dollars, so BitPay is a convenient partner for us,” Zhou said.
The advantage of cryptopay is that customers can make transactions much faster and place orders from distant cities. Typically, traditional car dealers manage to operate within 30 miles of a showroom location.