Aircraft bitcoin payment

An Aircraft sales company allows to purchases planes using BTC

Aviatrade, an aircraft sales company, has started enabling customers to get any of their multi-million dollar aircraft using Bitcoin.

Business Insider Media Outlet noted on September 13 that U.S. company Aviatrade is currently selling an upgraded 2014 Gulfstream G650ER for $ 40 million, which for nearly 3,750 Bitcoin. Millionaires such are Jeff Bezos, CEO of Amazon, and Elon Musk of Tesla are said to own the equal model, capable of traveling more than 7,500 nautical miles, about Los Angeles and Sydney’s distance.

According to Aviatrade’s website, the company accepts Bitcoin as payment for all bizjet (business plane) purchases. Aviatrade president Philip Rushton reported that using the fiat to buy a private plane would be subject to cross-boarded restrictions in some countries.

It looks cryptocurrencies may allow fewer regulatory oversight for now.

The company does not specify particular prices for any of its planes; however, crypto traders don not have to “settle” for the Gulfstream. Significantly, Aviatrade currently lists 13 other private business planes for sale; such are two Bombardier Global 7500s. As of June 2019, its price stood at $72.8 million, which is more than 6,800 bitcoin.

An aircraft sales company Aviatrade is not the first to receive crypto. In June, Fabrizio Poli Kaizen Aerospace chairman declared in an interview with Andreas Antonopoulos, BTC educator, that Kaizen would take Bitcoin payments and other cryptocurrencies for its charter and cargo services or to get a private aircraft.

Andreas Antonopoulos analyzed the sales of aircraft when he sold a Mini Cooper for crypto:

“They did a fast test drive,” stated Andreas Antonopoulos. He says that for the time they returned, he was confident that the cash he received was real, and it was utterly him and could not be taken back, so it made that transaction simple. “I can see that simply translate into the purchase or sale of an aircraft.” – noted Antonopoulos.

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