Karma Newport Beach now enables customers to pay in Bitcoin for new vehicle purchases and related services, according to a company news recently released. Announcing the new offering, Karma CEO Lance Zhou said:
“We are opening our platform to serve as a test bed to help convert theoretical blockchain applications to practical use. Karma’s flagship store will support our efforts to prove emerging technology and provide the latest VVIP customer treatment offerings by accepting Bitcoin cryptocurrency.”
The Chinese Wanxiang Group bought Karma’s assets from Fisker Automotive in 2014 for $149.2 million. It began building its flagship Revero vehicle in 2016, the new model of which retails for over $135,000. The Revero can reportedly travel 37 miles before needing a recharge.
Cryptocurrency has found its way into the luxury goods industry, both in forms of function and payment. In September 2018, Swiss luxury watch brand Hublot released its Big Bang Blockchain watch that could exclusively be purchased with Bitcoin.
Other high-end timepieces from Franck Muller have integrated cryptocurrency wallets. Franck Muller’s crypto wallet watches retail from $9,800 to $50,600.
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