6DOT50 Partners with BTS and Seriti to Enable Cryptocurrency Payments for Vehicles.
10 January 2025
In a ground-breaking move set to revolutionise the automotive and cryptocurrency industries, 6DOT50 has announced a new integration with BTS and Seriti Solutions, allowing customers to access new or pre owned vehicles using one of eight cryptocurrencies, including Bitcoin. This innovative solution is now enabled at over 1,400 motor vehicle dealerships, making it the world's largest and most comprehensive crypto payment solution in the vehicle industry.
6DOT50's platform eliminates the risks typically associated with cryptocurrency transactions by bridging the settlement gap between crypto and fiat currencies. This is achieved through the use of digital vouchers linked to customers' banking-grade transactional accounts. Since its inception, 6DOT50 has facilitated over R18.5 million in crypto transactions across more than 90,000 stores and online retailers in South Africa.
Warren Venter, the founder of 6DOT50, expressed his enthusiasm about the new partnership: "By creating a bridge between crypto users wanting to spend their value and dealerships wanting to be paid in local fiat currency, 6DOT50 vouchers provide the perfect solution. The process is quick and easy and removes all volatility acceptance risks as well as significant integration requirements. We are excited to unlock this payment alternative across such a comprehensive network of dealerships."
From the customer's perspective, converting cryptocurrency into 6DOT50 vouchers is straightforward. The settlement process involves approving the redemption of voucher value as payment through a link generated directly on the Seriti Solutions platform. This method introduces an innovative alternative to traditional cash and finance payment options, providing significant opportunities for dealerships to engage with the untapped crypto market.
With more than 7.7 million crypto account holders in South Africa, the integration of 6DOT50 vouchers into BTS and Seriti Solutions dealership network opens up a wide range of vehicle options for crypto users. This partnership not only makes it easier for crypto holders to purchase vehicles but also delivers more affordable options to crypto enthusiasts.
6DOT50's continued expansion into various retail sectors, coupled with this latest automotive industry partnership, underscores the growing acceptance and utilisation of cryptocurrencies in everyday transactions. As the demand for alternative flexible payment solutions increases, 6DOT50 stands at the forefront, offering a seamless and secure way for consumers to utilise their crypto assets.
For more information about 6DOT50 and its innovative solutions, visit www.cryptopmts.com powered by 6DOT50 technology.
Contact Information:
Company Name: 6DOT50
Contact Person: Warren Venter, Founder
Email: info@6dot50.com
Website: www.6dot50.com
This feature release highlights the innovative integration between 6DOT50, BTS, and Seriti Solutions, enabling cryptocurrency users to purchase vehicles. This development is set to significantly impact the automotive and cryptocurrency markets by providing a seamless, secure, and practical solution for consumers. As cryptocurrency becomes more mainstream, the number of dealerships adopting methods to facilitate payments from cryptocurrency enthusiasts is likely to increase and retailers that understand and leverage these alternative stores of value will likely lead the change in the next era of retail.