The popular collector car auction company Mecum Auctions has announced the company is now accepting crypto assets for payments. The company says that the new payment acceptance allows the auction firm to â€œattract new customers and sales.â€
Collector Car Auctions Giant Plans to Start Accepting Crypto Assets at Dana Mecumâ€™s Original Spring Classic
The Wisconsin-based Mecum Collector Car Auctions, the largest collector car auction company globally, has revealed the firm will now accept cryptocurrency payments through Bitpay. Mecum Auctions was invoked by a father and son duo Dana and Frank Mecum, alongside a number of Mecum family members.
In 2014, Dana Mecum and his son Frank also starred in a reality program that aired on NBCSN called â€œMecum Dealmakers.â€ In the announcement sent to Bitcoin.com News, Mecum explains the firm is â€œwelcoming in a whole new dimension to the live auction eventsâ€ with its digital currency acceptance.
According to the announcement, registered Mecum bidders can leverage cryptocurrency as a payment option via Bitpay. The settlement can be done in-person at the auction or online bidders can also pay with crypto in one of Mecumâ€™s classic car auctions. By utilizing the Atlanta-based Bitpay, Mecum will accept five stablecoins (DAI, GUSD, USDC, PAX, BUSD) alongside BTC, BCH, WBTC, ETH, and DOGE.
â€œWe 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,â€ Mecum Auctions Chief Operating Officer Sam Murtaugh explained in a press release statement.
Mecum further says that it will start accepting crypto payments at the 34th annual flagship event called â€œDana Mecumâ€™s Original Spring Classicâ€ hosted in Indianapolis, Indiana. It will run through May 22 and feature 2,500 classic or collector cars, Mecum details.
â€œMecum will be accepting cryptocurrency payments for purchases made at the Indianapolis auction and for all auctions moving forward,â€ the companyâ€™s statement notes. â€œMecumâ€™s website is updated daily with the latest consignments including detailed descriptions and photographs of the vehicles slated to cross the auction block.â€
What do you think about Mecum Collector Car Auctions accepting cryptocurrency payments? Let us know what you think about this subject in the comments section below.
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.