Cryptocurrency Information Bureau News: ECD Automotive purchases Bitcoin for $5 million facility! Keep an eye on the innovative luxury car manufacturer! #Bitcoin #ECDAutomotive #Cryptocurrency
Video explanation
Luxury car makers are getting serious about Bitcoin! Maybe cars of the future can be bought with Bitcoin?
Hello! I'm John, your blockchain guide. Recently, some shocking news has come out. A company that makes custom-made, ultra-luxury cars has prepared a huge amount of funds to buy a lot of Bitcoin (a type of money that can be used on the Internet)! You might be thinking, "What, a car shop using Bitcoin?" But this may actually be evidence that blockchain (a technology that can safely record and manage information) and Bitcoin are gradually spreading into our everyday lives. Today, I'll explain this news in an easy-to-understand way, even for those who are new to blockchain!
What kind of company does it?
The company that is attracting attention this time is "ECD Automotive Design." This company is a car manufacturer that makes dreams come true, carefully crafting each and every special luxury car according to the customer's preferences.
That ECD company,A huge sum of about 5 million dollars (more than 750 billion yen in Japanese yen! *Calculated at 1 yen to the dollar) was preparedThis is the news. What do you think it was for?To buy BitcoinWhat was that!
When a company holds Bitcoin, it is said that "Bitcoin is added to the company's assets (also called treasury. Think of it like storing Bitcoin in a company safe!)". ECD seems to be planning to hold more Bitcoin as company assets in the future.
In addition, we will use this capital to further expand our business and to provide a reward to our early customers who purchase cars with Bitcoin and other cryptocurrencies (Angoushisan – our other digital currencies other than Bitcoin).Get a free car upgrade worth about $2!Apparently they're also running a campaign to do just that! That's really generous!
Why are automakers turning to Bitcoin?
You may be wondering, "But why would an automaker buy Bitcoin?" There are a few possible reasons.
- As a new payment method:
Being able to pay with cryptocurrencies such as Bitcoin offers the benefits to overseas customers, such as eliminating the need to exchange their home currency and reducing remittance fees. This may be an important point to consider, especially when it comes to luxury cars, which are expensive items. - Expectations for future value:
Some people expect that the value of Bitcoin may increase in the future because there is a set upper limit on the number of Bitcoins that can be issued (like gold, which has a limited number of coins). ECD may also be trying to increase the value of the company by holding Bitcoin as a long-term asset. - Appealing to the topic and innovation:
By proactively adopting Bitcoin, the latest technology, they may also be aiming to convey the image that "We are a cutting-edge company that is willing to take on new challenges!"
What's unique about ECD's initiative is that it's not just about buying bitcoins, but also about giving back to customers (upgrade gifts). This may be a sign of their desire to popularize bitcoin payments.
What does it mean for us?
Some people may think, "This is about luxury cars, I don't have any Bitcoin, so it doesn't concern me..." However, this news gives us some interesting perspectives.
- Bitcoin may become more accessible:
When famous companies or top-class companies in a particular field, like this one, get involved with Bitcoin, it is possible that Bitcoin's credibility will increase and it will attract more attention. More people may start thinking, "If that company is using it, it must be safe." - New trends in various industries:
It's interesting to see an industry that doesn't seem to have much to do with blockchain, like the automotive industry, trying to embrace the new technology. Perhaps in the future, more products and services will be available for purchase with Bitcoin and other cryptocurrencies. - The shape of money may change:
In the past, shells were used as money, but later, metal coins and paper money appeared; the form of money has changed over time. Digital money like Bitcoin may also be gradually accepted by society as one of the forms of money of the future.
Of course, there are some things to be aware of when it comes to Bitcoin, such as the risk of large price fluctuations, but it will be interesting to watch with excitement to see what changes this new technology will bring to society.
John's words
Wow, I was really surprised that a luxury car manufacturer would prepare such a large amount of funds to purchase Bitcoin! It seems that we are entering an era where companies think, "Bitcoin may also be valuable, so let's hold on to it," just as people in the past thought, "Gold is valuable, so let's hold on to it." I'd like to keep an eye on whether this will end as a temporary fad or become the new normal!
This article is based on the following original articles and is summarized from the author's perspective:
ECD Automotive Design Secures $500M Facility to Acquire Bitcoin