Spending bitcoin in South Africa is sometimes problematic, because not many vendors actually accept bitcoin for purchases.
While its easy to shop at Pick n Pay with bitcoin, or shop online at a Takealot using a voucher purchased with bitcoin from bitrefill, those are generally smaller ticket items, nothing as expensive as a car.
If you wanted to buy a car with bitcoin, it has always been a very difficult thing to do in South Africa until now…
Buying a car in South Africa with bitcoin
Following American entrepreneur Peter Saddington’s purchase of a $200,000 Lamborghini Huracan for 45 bitcoin back in 2017, the act of buying a “Lambo” with Bitcoin has turned into an internet phenomenon.
It begs the question, is it possible to buy a car directly with Bitcoin in South Africa? The answer is yes, you can!
Ferris Cars, based in Johannesburg, takes pride in openly and directly embracing Bitcoin as a form of payment for a car.
Back in April of 2021, Ferris Cars became the first South African based dealership to complete the sale of a 2012 Red Ferrari California for 2.08 bitcoin. Since then, Ferris Cars has successfully facilitated numerous transactions for Bitcoin holders, enabling them to acquire a diverse range of vehicles, from high-performance supercars to practical SUVs and even hatchbacks.
How does buying a car with bitcoin work?
Ferris Cars provides a facility that enables a Bitcoin holder to purchase any physical asset through their Bitcoin payment portal. The facility is FIC-sanctioned, safe, secure, and includes no transaction fees.
The Bitcoin payment facility includes a 3-step process:
- Identify your dream car at Ferris Cars or any other dealership or private seller.
- Request a written quotation/OTP from the salesperson, and email it to [email protected] along with your invoicing details.
- Speak to a Ferris Cars representative to verify the correct ZAR transaction value in bitcoin, and send the equivalent Bitcoin value to the wallet address provided by Ferris Cars.
Once the payment is verified on the blockchain, the buyer is able to take delivery of their vehicle that they bought with Bitcoin!
The facility Ferris cars provides allows you to purchase any vehicle or luxury asset in South Africa or anywhere in the world, as long as the correct commercial documentation is in place. Boats, planes, cars, bakkies, and just about any tangible asset from any dealership, broker, or private seller.
If you are interested in purchasing a lambo or any other car with bitcoin, contact Rushil Muggan at Ferris Cars for assistance.
For further information contact Rushil Muggan:
Telegram: https://t.me/rushilmuggan
Email: [email protected]
