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Crypto adoption is on the rise as more firms have started to accept cryptocurrency as payment for their products and service. One of the latest firms to join the trend is the luxury exotic car rental MPH as it began accepting Bitcoin (BTC) as payment for car rentals.
Bitcoin holders can now use their crypto to pay for their rentals at the MPH Club, according to Bitoin.com. In a press release, the car rental company is now allowing clients to make their payments in BTC.
“The MPH Club will now allow their clients to pay for their rentals in bitcoin,” the company said. “While they are not the first company to do this, it is still a big breakthrough for the cryptocurrency. A few major corporations such as Microsoft, Home Depot, and Bed Bath & Beyond allow their customers to pay in bitcoin. The difference here is that MPH Club is not a major corporation.”
MPH’s acceptance of the world’s biggest crypto in terms of market cap shows the increasing adoption of cryptocurrency. The luxury car rental initially operated only in Florida but has now expanded its services across North America, according to its website.
The luxury exotic car rental company is known for its fleet of high-end vehicles. Its fleet of cars includes various models of well-known brands such as Lamborghini, Ferrari, McLaren, Rolls Royce, and others which could be rented out on a per-day basis.
MPH Club offers convenience to its clients with its various locations in Miami, Ft Lauderdale, Boca Raton, West Palm Beach, Naples, Orlando, Tampa, Jacksonville, and Tallahassee, which makes it easier for customers when picking up or dropping off their car rentals. The company also offers hotel and airport pickups and even vehicle delivery.
The company also has a partnership program that allows car owners to turn their idle luxury cars to income-generating assets. Some exotic cars are rented out for $1,000 per day while the more expensive models, such as the Bugatti Veyron, could to as high as $25,000 per day.
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