New York Car Dealership Embraces Technology, Allows Bitcoin Purchases

New York Car Dealership Embraces Technology, Allows Bitcoin Purchases Photo: KSTP-TV

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RELATED: Bitcoin Futures Rise as Virtual Currency Hits Major Exchange

Bitcoin is the world's most popular virtual currency. Such currencies are not tied to a bank or government and allow users to spend money anonymously. They are basically lines of computer code that are digitally signed each time they are traded. The price of one bitcoin is approaching $20,000.

Severance says he saw people buying large pieces of property with the digital currency and figured cars should be no different.

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The Associated Press

(Copyright 2017 by The Associated Press. All Rights Reserved.)

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