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Chinese Buys a Fleet of Cars with Litecoin

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Chinese Buys a Fleet of Cars with Litecoin

A Chinese buys a fleet of cars with Litecoin and has agreed to buy four rare Formula 1 cars, from the UK’s Heritage F1 dealership for a total of around 4 million GBP. The sale was subject to standard verification and was completed in full in Litecoin cryptocurrency.

The flagship car in the fleet is the 2011 Sauber Ferrari C30, which was driven by Kamui Kobayashi (who won 5th place by car at the Monaco Grand Prix), as well as Mexican driver Sergio Perez. The vehicle has a carbon-fiber body, a 2,400 cc V8 engine, and a semi-automatic seven-speed carbon-fiber gearbox.

All four cars are fully runnable and track-worthy, but they are also meant to be valued as an investment.

Eleesa Dardiani

China’s central bank said in Sep 2021 that crypto-currency transactions are illegal and banned.

The F1 deal was orchestrated by London art dealer Eleesa Dadiani. This gallery offers buyers the opportunity to buy art using cryptocurrencies such as Bitcoin, Ethereum, Classic Ethereum, Ripple, Litecoin, or Dash.

Eleesa Dadiani, the founder of Dadiani Syndicate, commented: “We are very excited to be selling these refined cryptocurrencies. “Cryptocurrency is not just about getting rich, it’s about facilitating trade and investment in a more transparent, decentralized way.”

El Salvador became the first country to make it legal currency in September 2021, followed now by the Central African Republic in April this year.

Heritage F1 founder Mike O’Connor added: “Selling this amazing collection of Formula 1 cars in cryptocurrency will set a new precedent and open up a whole new international market. There is a growing demand for the purchase of luxury assets in cryptocurrencies and we are confident that this sale, in partnership with Dadiani Syndicate, is just the first of many to come. ”

Source: Bitcoin.com

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