Aviatrade, a US-based aircraft sales company begins accepting BTC – Invezz

  • The firm is selling an upgraded 2014 Gulfstream G650ER for approximately 3,750 BTC.
  • According to the firm’s CEO, crypto payments will help circumvent cross-border restrictions.
  • Before Aviatrade, Kaizen Aerospace firm begun accepting crypto payments in June.

Aviatrade, a US-based private aircraft sales firm, is now allowing its customers to purchase any of its multi-million-pound jets using BTC. A report unveiled this news on September 13, noting that the company is selling an upgraded 2014 Gulfstream G650ER for £31.1 million, approximately 3,750 BTC at the time of writing. Reportedly, several billionaires including, Amazon’s CEO, Jeff Bezos, and Tesla CEO, Elon Musk, own the same model, which has a traveling range of 7,500 nautical miles.

Explaining why Aviatrade decided to start accepting crypto, the firm’s CEO, Philip Rushton said,

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“The use of cryptocurrency has soared in developing countries with unreliable currency and the wealthy are also turning to virtual wallets when making high-level purchases. Using cash to buy a plane would be subject to cross-border restrictions for some countries, especially when the purchase price for this Gulfstream is $40 million.”

The company also updated its website to state that it accepts Bitcoin as payment for all bizjet (business jet) purchases.

Apart from the Gulfstream G650ER, Aviatrade