A car dealership in New Hampshire just sold a car entirely in Dash. With the current bearish market not relenting the price points of our beloved cryptocurrencies, it is of utmost importance that use cases of cryptocurrencies’ mainstream adoption are quite often.
It is important to understand the incline of the market towards cryptocurrency, however, small should be acknowledged as a victory. The subtle change that is evolving in the payment methods for day-to-day items, where fiat is getting substituted by cryptocurrency, is the base for future successes.
The AutoFair dealership in Merrimack, New Hampshire, U.S, sold a 2012 Ford Fusion entirely in Dash. AnyPay, a cryptocurrency point-of-sale app, was utilized and the transaction was processed at a cost of $8,316, almost 40.68405 dash, paid in full and up front.
Dash has seen over 1,000% year-over-year growth in both value and trading volume since 2015. The cryptocurrencies primary aim has been to offer a form of money that is portable, inexpensive and fast.
The buyer of the car Derrick J. Freeman, and an AnyPay user who also helped set up AutoFair to accept dash states that he found the payment simple and streamlined.
Merrimack has over 300 cars for sale and most of them are available against the dash. A special promotional scheme that has AnyPay partnered with AutoFair also introduced to encourage more car sales. A 10% cash-back will be received for Four cars that are sold for the dash, the returning amount will be split evenly between the dealership and the customer. Which implies that both buyer and dealership earns an additional 5% discount, capped at $1,000 total value per purchase.
Freeman, the new car owner has been part of the crypto ecosystem from last 10 years. He states that it has now become normal to use bitcoin or dash as payment, especially in New Hampshire. Last year, the Governor of New Hampshire, Chris Sununu, signed into law a bill that protects cryptocurrencies, from regulation becoming the first state to do so.
The 13th most valuable cryptocurrency is becoming widely accepted as a form of payment in the New Hampshire area with a variety of merchants. A dash merchant listing site, DiscoverDash, reported that nearly 80 companies in New Hampshire are accepting the token. The list includes Branch and Blade Brewing, Wilder Automotive, Free State Bitcoin Shoppe, White Mountains Helicopter, Thirsty Owl Bar and Grill, Cycles Etc, and Portsmouth School of Ballet. Notably, over 3,500 businesses worldwide accept Dash.
“Spend $10 on a sandwich at Fezziwigs? Boom, $1 dash comes right back into my wallet as an instant rebate. It is automatic. Nothing to sign up for or do. You just use it, and it works. Magic.”