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 Anjur Kayangan ASB car showroom accepting Crypto, Cryptocurrency recognition.

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C-Fu
post Jan 6 2018, 12:53 AM

Ninja-Fu
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Senior Member
1,051 posts

Joined: Apr 2005
From: Brisbane, QLD, Ostolia



Dealer gets car from proton for RM20k
Sells the car for RM60k
for BTC payments, charge 1 BTC for it @ RM65k

That's RM5k profit. But actual profit is 65-20 = RM45k @ 1 BTC

BUT

Actual transaction for the dealer is they get 1 BTC for RM20k. Sell BTC for RM60k, makes 40k per car.

For those who've been holding BTC since USD1k per coin, you can get a car, with no bank intervention, for RM4k.

Win-win for (almost) everybody.

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