MPH Club
press release

PRESS RELEASE. MPH Club announced that they will allow their clients to pay in bitcoin to rent cars. MPH Club is a Miami-based exotic and luxury car rental that allows their customers to vacation in style. Their fleet includes the newest models from Lamborghini, Ferrari, McLaren, Rolls Royce, and others.

They offer a few services, which include:

  • Rentals
  • Membership
  • Chauffeurs
  • Corporate events
  • Vehicle delivery
  • Hotel and airport pickup
  • Partnership program

Their service is incredibly popular and has been used by the likes of Steve Aoki, Floyd Mayweather, and Shaquille O’Neal. Part of the reason for their popularity is that they are able to offer such a wide selection is due to their partnership program.

The MPH Club Partnership Program – This service allows local exotic car owners to “lend†their cars to MPH Club. MPH Club will then add it to their fleet and offer it to their customers to rent out, usually at an average price of $1,000 per day. If the car rents then MPH Club will split the profit with the car owner.

This program has allowed them to grow their business at an incredible rate and bring their service to almost every major city in Florida.

Benefits of the service

Part of the reason that MPH Club is so popular is because of the convenience that they offer to their clients. For one thing, their locations include Miami, Ft Lauderdale, Boca Raton, West Palm Beach, Naples, Orlando, Tampa, Jacksonville, and Tallahassee. They also offer hotel and airport pickup to make the rental process as simple as possible for their clients.

Since many of these cities are major vacation hubs (particularly Miami), it allows them to capitalize on wealthy patrons who are looking to travel in style during their time off.

In addition to the number of locations, their partnership program acts as a win-win-win scenario.

  • Clients – Their clients benefit from the program because they get access to a wider selection of cars. If MPH Club was 100% reliant on their own inventory then it would be much harder to offer all of the rental options that they do. Additionally, the large supply of rental options means a more competitive price for clients.
  • Car owners – The car owners benefit because they are able to turn their exotic car into an income-producing asset. Since many of these cars will rent for about $1,000 per day (the most expensive option is the Bugatti Veyron at $25,000 per day) just a few days of renting can create quite a bit of profit.
  • MPH Club – MPH Club benefits from this arrangement because they are able to increase their inventory of cars without having to pay for it. Even though they split the profit with the car owner, they are essentially boosting their income for free.

Now accepting bitcoin

As mentioned, the MPH Club will now allow their clients to pay for their rentals in bitcoin. While they are not the first company to do this, it is still a big breakthrough for the cryptocurrency. A few major corporations such as Microsoft, Home Depot, and Bed Bath & Beyond allow their customers to pay in bitcoin. The difference here is that MPH Club is not a major corporation.

MPH Club operates on a much smaller scale than these companies and can be considered a mid-size corporation. They only operate in Florida and have a few locations throughout the state but they are far from a major corporation.

To learn more about MPH Club and the service that they offer contact the club at:

Website: mphclub.com

Instagram: instagram.com/mphclub/


RELATED NEWS

Biden Administration Developing Cryptocurrency Regulation — Treasury to Provide Direction to SEC

The Biden administration is reportedly developing a regulatory framework for the cryptocurrency markets. The new chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is waiting for direction from the Treasury to establish cryptocurrency regulation. New Crypto Regulation Being Developed by Biden Administration Fox Business’ Charlie Gasparino reported Monday that the Biden administration […]

Xem chi tiết: Biden Administration Developing Cryptocurrency Regulation — Treasury to Provide Direction to SEC

Paypal’s Venmo Launches Crypto Trading for 70 Million Users to Buy and Sell Cryptocurrencies

Venmo has announced the rollout of its “crypto on Venmo†service, allowing over 70 million users to buy, sell, and hold four types of cryptocurrencies, including bitcoin, using the popular Venmo app. Venmo’s new crypto service further shows Paypal’s commitment to the crypto space, the company detailed. Venmo Launches Crypto Service Venmo, a service by […]

Xem chi tiết: Paypal’s Venmo Launches Crypto Trading for 70 Million Users to Buy and Sell Cryptocurrencies

Digital Money 2025: What You Could Spend, Where You Could Invest, and How You Could Borrow?

sponsored Cryptocurrencies have been on an incredible trajectory over the past 12 months, with the total market capitalization growing from $198 billion in April 2020 to more than $2 trillion today. This meteoric rise is coupled with increasing adoption from consumers driven by major announcements from household names, such as Square, Visa, and PayPal, which […]

Xem chi tiết: Digital Money 2025: What You Could Spend, Where You Could Invest, and How You Could Borrow?

South African Crypto Platform Revix Raises $4.1 Million

The South African cryptocurrency investment platform, Revix, has reportedly raised about $4.1 million from its latest capital raise round. According to the firm, part of the raised capital will be used “to launch Revix’s mobile application, a variety of Fourth Industrial Revolution (4IR) investment opportunities.†Furthermore, Revix says it also plans to use part of […]

Xem chi tiết: South African Crypto Platform Revix Raises $4.1 Million

Ukrainian Parliament Passes Bill That Criminalizes People Who Don’t Reveal Crypto Holdings

The Ukrainian parliament is enforcing its tough stance against people who don’t disclose their cryptocurrency holdings on the tax fillings. The measure comes in the wake of a recent publication that showed alleged mistakes in declarations from public servants. Offenders Could Spend up to Two Years in Jail According to an official document released by […]

Xem chi tiết: Ukrainian Parliament Passes Bill That Criminalizes People Who Don’t Reveal Crypto Holdings

ODDZ Listing on AscendEX

press release PRESS RELEASE. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the Oddz Protocol Token (ODDZ) under the pair USDT/ODDZ on Apr 19 at 1:00 p.m. UTC. Oddz Finance is the world’s first on-chain option trading platform built on the Binance […]

Xem chi tiết: ODDZ Listing on AscendEX

Oracle Service API3 Partners With the Open Banking Project, Plans to Connect 400 Banking APIs to Blockchain

On Monday, the oracle provider API3 announced a ten-year partnership with the Open Bank Project in order to connect more than 400 banking APIs to blockchain smart contracts using API3’s Airnode. The collaboration between API3 and the Open Bank Project aims to bridge conventional banking with blockchains and Web 3.0 applications. API3 DAO Partners With […]

Xem chi tiết: Oracle Service API3 Partners With the Open Banking Project, Plans to Connect 400 Banking APIs to Blockchain

Morgan Stanley Says Central Bank Digital Currencies Not a Threat to Cryptocurrencies

Major investment bank Morgan Stanley believes that central bank digital currencies are not a threat to the existence of cryptocurrencies. The bank believes that both types of digital currencies can coexist because they serve different purposes and have different appeals. Cryptocurrencies and CBDCs Can Coexist Morgan Stanley’s analysts, including chief economist Chetan Ahya, discussed the […]

Xem chi tiết: Morgan Stanley Says Central Bank Digital Currencies Not a Threat to Cryptocurrencies

Federal Reserve Bank President Says Bitcoin Is Clearly a Store of Value

China Calls Bitcoin and Stablecoins ‘Investment Alternatives’ for the First Time Since Crypto Crackdown

Smartlands Platform Launch: Tokenizing the Real Economy in Europe With a First-Mover Advantage

PINT to Tokenize Exposure to the Top Polkadot Initiatives

Bank of England and HM Treasury Launch a Central Bank Digital Currency Taskforce

Whales Move Over $4 Billion in BTC During Sunday’s Market Carnage, 150 Bitcoin from 2010 Spent

Crypto Exchange Luno Says South Africa’s Crypto Trading Dominated by Young People

PARSIQ: Calling Data to Action Using Blockchain Technology