Japanese car company starts selling cars for cryptocurrency

SBI Motor Japan, which annually supplies about 5,000 used cars to various global markets, has announced the possibility of mutual settlements in BTC and XRP.

The company is lucky to be part of the SBI Group holding, which also has a local crypto exchange. Therefore, all transactions will be reliably protected both at the technical level and in the context of KYC/AML laws.

This step was a response to the growing interest from African countries, where many people still do not have access to basic financial instruments, including banks. According to a 2017 World Bank report, more than one and a half billion people on the planet had the same restrictions.

Cryptocurrency can be used to buy not only used cars but also luxury foreign cars. For example, an Australian company sells VIP cars for digital money.