Car For Coin, an online car market that sells high-end cars, announced that it supports the use of cryptocurrencies (including Bitcoin) or U.S. dollars to buy Tesla and high-end cars. Car For Coin founder Tom Hegedosh explained that during the auction, bidders and sellers do not have to worry about the fluctuations in the value of cryptocurrencies. All bids and auction prices are listed in U.S. dollars. Buyers can choose to use cryptocurrency or traditional currency to pay for the vehicle after winning the auction. If the seller does not accept cryptocurrency, Car For Coin will help the conversion.
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