Seller will accept Bitcoin, Ether, Dogecoin as payment for a $10M luxury yacht

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Thu, 28 Sep 2023, 02:46 PM
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Seller will accept Bitcoin, Ether, Dogecoin as payment for a $10M luxury yacht

The option to use crypto as payment for the superyacht shows the growing acceptance of digital currencies in the luxury goods industry.

Gzira, Malta yacht marina / Image by: Wikimedia Commons

Tue, 30 Nov 2021, 10:43 am UTC

With the increasing adoption of crypto worldwide, it’s now easier these days to use digital currencies such as Bitcoin (BTC) and Ether (ETH) to pay for daily purchases. Crypto has even breached the luxury market as an owner of a multi-million dollar superyacht is now accepting digital currencies as payment for the vessel.

The owner of VIANNE, an Italian-built Benetti 52 meter superyacht, is putting up the vessel for sale with a price tag of EUR 8,900,000 or around US$10.1 million, according to the press release. The yacht comes equipped with a helipad and a sky deck jacuzzi.

Crypto owners might find the offer enticing as the seller will accept digital currency payments as well. “In addition to fiat, can be paid in any major cryptocurrency including BTC, ETH, DOGE, SOL, FTM, BNB, and any top tier NFT including Cryptopunks, BAYC Apes,” the release added. However, the seller requires a payment of a 10 percent fiat (EUR/USD) deposit.

The superyacht is steel-hulled with an aluminum superstructure built to ABS classification and has a transatlantic range. With its spacious and elegant interiors, VIANNE can accommodate up to 12 guests in 5 staterooms and is manned with 12 crew experienced members. For those who do not yet plan on owning a yacht, she is available for charters this winter $196,000 per week in the Caribbean.

The option to use crypto as payment for the superyacht shows the growing acceptance of digital currencies in the luxury goods industry. “Whilst cryptocurrency payments are increasing in the yachting industry, this would make VIANNE the largest ever yacht to be purchased with NFTs,” the owners said in a statement.

“In the last 12 months, especially, we have leaned towards transacting using crypto, where relevant and possible,” the owner’s family office told CoinDesk. “We are in the process of procuring a larger yacht for the owner, and if/when we do transact, we would definitely be paying in crypto (stablecoins, [altcoins], etc.) if it is an option.”

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