A private aircraft sales corporation has started allowing clients to buy any of their multi-million dollar planes using Bitcoin.
As reported by the Business Insider media outlet, which was published on September 13, U.S. company Aviatrade is currently selling an upgraded 2014 Gulfstream G650ER for $ 40 million, which equals approximately 3,750 Bitcoin. Jeff Bezos of Amazon, Elon Musk, CEO of Tesla, and other Billionaires are said to own the identical model, capable of traveling up to 7,500 nautical miles, approximately the distance among Los Angeles and Sydney.
According to Aviatrade’s website, the company accepts BTC as payment for all bizjet (business jet) purchases. Philip Rushton, the Aviatrade president, noted that using the fiat to buy a private aircraft would be subject to cross-boarded restrictions in some countries.
It appears cryptocurrencies may offer fewer regulatory oversight for now.
Aviatrade currently lists 13 private business planes for sale
Significantly, the company does not mention particular values for any of its aircraft, but crypto traders don not have to “settle” for the Gulfstream. Aviatrade currently lists 13 other private business planes for sale, including two Bombardier Global 7500s. As of June 2019, its value was $72.8 million, or higher than 6,800 bitcoin.
It has to be mentioned that Aviatrade, an aircraft sales company, is not the first to accept crypto. In June, Fabrizio Poli Kaizen Aerospace chairman stated 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 buy a private plane.
Bitcoin educator analyzed the sales of multi-million dollar aircraft when he sold a Mini Cooper for crypto:
“They did a fast test drive,” stated Andreas Antonopoulos. He notes than when they returned, he was sure that the cash he earned was real, and it was completely him and could not be taken back, so it made that transaction effortless. “I can see that easily translate into the purchase or sale of an aircraft.” – added BTC educator.