If you win with the highest bid, you can now pay with digital currency for a Mecum auction car.
Mecum is getting into the cryptocurrency game with a recent announcement that they will now accept digital currency via BitPay. By accepting more forms of payment, Mecum is hoping to attract a broader customer base for their live auction events. They will accept cryptocurrency online and in person from winning bidders.
“We recognize the growing acceptance of cryptocurrency for commerce and are confident that by accepting crypto for collector cars, it will widen our scope of influence and introduce the Mecum Experience to an entirely new audience,” said Mecum Auctions Chief Operating Officer Sam Murtaugh. “BitPay provides a powerful, streamlined process that makes crypto transactions simple for both our customers and our accounting team.”
BitPay enables the transaction of cryptocurrency such as Bitcoin (BTC), Wrapped Bitcoin (WBTC), Bitcoin Cash (BCH), Ethereum (ETH), Dogecoin (DOGE) and stablecoins USD Coin (USDC), Dai (DAI), Gemini Dollar (GUSD), Paxos Standard (PAX) and Binance USD.
“Mecum Auctions realizes the potential for crypto to revolutionize the collector car auction industry, making payments faster, more secure and less expensive on a global scale,” said Stephen Pair, CEO of BitPay. “Our goal at BitPay is to make accepting crypto a seamless process and to increase adoption as crypto is the future of payments, and we’re thrilled to have the opportunity to support Mecum in providing crypto payment solutions for car enthusiasts worldwide.”
You're still not going to be able to buy a Tesla with cryptocurrency, however, the auction house has only had a hair over a dozen examples cross their auction block.
