Classic Parade Introduces New Crypto Payment System.

23 Mar 2023, 08:00

Classic Parade Introduces New Crypto Payment System Last year, a company called Classic Parade announced it was going to let crypto fans rent their classic cars using crypto. Now, the company is taking things a step further by introducing a brand new digital currency payment system. Classic Parade Continues Its Crypto JourneyBased in the United Kingdom, Classic Parade offers a wide array of classic and luxury vehicles individuals can rent. Andrew Brown – the founder and owner of Classic Parade – explained in a recent interview: Our clientele are international and want to be able to pay to rent our supercars without the hassle and cost of exchange rates and transfer fees. Many of our clientele have significant holdings in cryptocurrency, and so it makes sense to offer this option for them. The transactions are immediate, and we can also take the deposits in crypto as well, and then it’s easy to return the deposit after the rental has expired as well… We [need] to go through the usual identity checks needed to hire a vehicle, but these are easy to process, and it becomes much easier with every repeat transaction. This way, we can also provide adequate ‘know your customer’ checks. One of Classic Parade’s most popular cars for summer rentals is the Lamborghini Huracan Spyder, which costs £1,100 a day to rent or 1.21 ETH or 0.064 BTC. We are expecting a great deal of interest from crypto investors in the next few months to rent out our incredible supercars. Many investors are relatively young and want to show their wealth, and so the interest in supercars is very strong for this market.