Crypto's Accepted

WIDE Marine & Automotive will start accepting cryptocurrency as a payment option for any items or services sold through it's service, starting December 2019, with a 10% discount on all transactions paid with crypto. Sellers will also be able to pay their transaction and service fees using crypto and will get the full asking amount when the transaction is over.

 

WIDE Marine & Automotive will accept the following cryptocurrency, but more crypto's could be added over time:

 

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Tether (USDT)

We believe this will enable access to new capital and liquidity pools through traditional investments that have been tokenized, as well as to new asset classes.

 

Crypto provides a new avenue for enhancing a host of more traditional Treasury activities, such as:

 

  • Enabling simple, real-time, and secure money transfers
  • Helping strengthen control over the capital of the enterprise
  • Low fees and fast transactions

 

Crypto may serve as an effective alternative or balancing asset to cash, which may depreciate over time due to inflation. Crypto is an investable asset, and some, such as bitcoin, have performed exceedingly well over the past five years. There are, of course, clear volatility risks that need to be thoughtfully considered.

 

If you already have a crypto wallet, then the process is pretty straight forward, just select Pay with Crypto on the Buyer registration form and pay the invoice within the time frame.

If you are new to crypto, please check our Guide to using Crypto with WIDE Marine & Automotive.

Frequently Asked Questions