Cryptocurrency may be a term that you are familiar with, but very few use it as a form of payment.
The form of currency is a type of payment that can be exchanged online for goods and services.
Cryptocurrencies work using a technology called a blockchain. Blockchain is a decentralized technology spread across many computers that manage and records transactions. Part of the appeal of this technology is its security.
One of the first transactions with cryptocurrency has happened in the region, taking place at South 63 motors in West Plains, using the currency to purchase a vehicle.
I spoke to Ben, who is a co-owner of the business, and tells me what was running through his mind when the idea was first mentioned.
We were also curious to know how the currency was converted to US Dollars.
We asked if this was Ben’s first experience using cryptocurrency for a purchase like this.
Finally, we talked about what someone could do if they were interested in paying with cryptocurrency.
You can contact South 63 Motors in West Plains at 417-256-2600.
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