Latest News

A Redditor Accepts Bitcoin for Lamborghini Aventador Repair

A Lamborghini owner in Kansas City, Missouri, is attempting to revive the lambo meme by paying for repairs on his sports car with Bitcoin.

According to an interview, Reddit user “JayFab” (who reportedly owns “a welding and fabrication company”) accepted Bitcoin as payment for the Lamborghini repair instead of cash. The customer in issue didn’t have any cash on hand, but was eager to pay JayFab for his car repairs in Bitcoin.

Despite having been involved in cryptocurrency since 2016, JayFab claims it was his first “legal” Bitcoin transaction for services.

He claimed that the payment was simple and that the consumer only needed his wallet address to complete the transaction.

The Bitcoin payment was for repairing a “$8,500 Titanium exhaust system,” as well as adding some “beautiful pipes” and other modifications, according to the pseudonymous mechanic. JayFab first shared his experience on Reddit, sparking a debate on the tax implications of using Bitcoin to pay for a service.

JayFab, on the other hand, claims that his city of Kansas City is crypto-friendly:

“The climate here [in the Midwest] for crypto is kinda non-existent, in my opinion,”
“because it’s very blue-collar and agricultural as far as economical energy. “

JayFab expressed the expectation that cryptocurrency usage will get to the point where he could start a business taking cryptocurrency for repair services.

Related Posts – Elon Musk, a Dogecoin supporter, has decided not to join the Twitter board of directors

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.