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Buying Private Jets Using Bitcoin

A lot of companies added crypto to their payment options. One of the most famous ones is Lamborghini. Customers could pay in...

Written by Wallebi Author · 1 min read >
Buying Private Jets Using Bitcoin

A lot of companies added crypto to their payment options. One of the most famous ones is Lamborghini. Customers could pay in Bitcoin to buy a car. Recently, a new company joined the game too. This time customers buying private jets using Bitcoin.

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Buying private jets using Bitcoin; one aircraft costs 3,750 BTC

A private jet sales company added crypto to its payment options. Now, customers can pay Bitcoin to buy a multi-million-dollar jet. An aircraft costs around 3,750 BTC.

The Business Insider reported on Sept. 13 that Aviatrade is currently selling its private jets in exchange for Bitcoin. Aviatrade is a U.S. based company. The most popular and famous product is an upgraded 2014 Gulfstream G650ER, which costs around $40 million. It’s around 3,750 BTC at the time of writing. This model of private jet is the same model, which billionaires such as Jeff Bezos and Elon Musk are using it. This model is capable of travelling more than 7,500 nautical miles. It’s roughly the distance between Sydney and Los Angeles.

Aviatrade’s website stated that the company accepts Bitcoin as a payment option for business jet purchases.

Crypto payments make the process of payment easier

Philip Rushton, the Aviatrade president, said that using fiat currency to buy a private jet has some issues such as subjecting to cross-border restrictions in some countries. It seems that cryptocurrencies have less regulatory oversight at least for now.

Although the company still doesn’t have specific price for its aircrafts, crypto traders do not need to settle only for Gulfstream model. The company listed 13 different private business jets for sale so far. For instance, a Bombardier Global 7500s is valued at $72.8 million, which is roughly around 6,800 BTC.

Buying Private Jets Using Bitcoin; Aviatrade is not the first company

Aviatrade is not the first company, which accepts crypto. It was in June that Fabrizio Poli the Kaizen Aerospace chairman, had an interview with Bitcoin educator Andreas Antonopoulos. He announced in his interview that Kaizen accepts Bitcoin and other cryptocurrencies as a payment option. Customers can pay for private jets or charter and cargo services using crypto.

Written by Wallebi Author
Author and analyst in the field of cryptocurrency Profile

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