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Collector Car Auction Giant Now Accept Crypto as Payments

Collector Car Auction Giant Now Accept Crypto as Payments
  • Mecum Auctions now accepts crypto as payments.
  • This allows the auction company to attract new sales and customers.
  • The registered Mecum bidders can leverage crypto payment options through Bitpay.

Mecum Auctions, the popular collector car auction business announced that it now accepts cryptocurrency for payments. This new crypto payment acceptance allows the auction company to attract new sales and customers.

Moreover, the Wisconsin-based Mecum Collector Car Auctions is a huge collector car auction firm worldwide. In addition, the auction firm announced that it will accept crypto payments through Bitpay. More so, the Mecum Auctions are enabled by a father and son duo Dana and Frank Mecum. Along with a number of Mecum family members.

In 2014, Dana Mecum and his son Frank were involved in a real event that aired on NBCSN called Mecum Dealmakers. As per the announcement, the registered Mecum bidders can leverage crypto as a payment option through Bitpay. Moreover, the settlement is made directly at the auction. Otherwise, online bidders can also pay with crypto in one of Mecum’s classic car auctions.

By utilizing the Atlanta-based Bitpay, Mecum will accept five stablecoins DAI, GUSD, USDC, PAX, BUSD along with BTC, BCH, WBTC, ETH, and DOGE.

Mecum Auctions COO Sam Murtaugh said,

We recognize the growing acceptance of cryptocurrency for commerce and are confident that by accepting crypto for collector cars, it will widen our scope of influence and introduce the Mecum Experience to an entirely new audience.

Furthermore, Mecum adds that it will begin to accept crypto payments at the 34th annual flagship event called ‘Dana Mecum’s Original Spring Classic’ hosted in Indianapolis, Indiana. More so, it will work on May 22 and feature 2,500 classic or collector cars.

The company’s statement adds,

Mecum will be accepting cryptocurrency payments for purchases made at the Indianapolis auction and for all auctions moving forward…Mecum’s website is updated daily with the latest consignments including detailed descriptions and photographs of the vehicles slated to cross the auction block.

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Crypto trading has enticed Ananthi Reeta to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.