Businessman Tilman Fertitta, the owner of Post Oak Motors, announced a new partnership with NYDIG. NYDIG is a leading Bitcoin company working to make a more inclusive economic system. Its Bitcoin platform is built as per the highest regulatory, security, and operational standards. NYDIG has been known to deliver financial and technological services to insurers, banks, fin techs, and other corporations.
The new integration will integrate Bitcoin into the luxury automobile business’ operations. The customers of Post Oak Motors will be able to buy luxury automobiles by financing the loans through Bitcoins. Post Oak Motors will be able to use the appreciated Bitcoin value holding to finance a new expansion, diversification, or other purposes. T Post Oak Motors (POMC) also announced that it sold its first Rolls Royce Ghost, financed by the customer’s Bitcoin held at the NYDIG.
With this new integration, the Post Oak Motors customers will access the NYDIG’s 100% cold storage custody and institutional-grade solutions. Bitcoin holders or investors who do not wish to sell their Bitcoin holding can access a portion of the value of Bitcoin holding by borrowing the USD and using Bitcoin as collateral security for the purpose. Customers are not charged any kind of interest in the duration of the loan.
The general manager of the POMC stated that they are proud to partner with NYDIG in today’s rapidly changing financial scenarios. They are glad to offer the customers the choice of financing their car with a financial loan secured by Bitcoin. NYDIG’s mission is to make Bitcoin more common and accessible in the ecosystem. This partnership will provide stakeholders with the opportunity to gain exposure to digital money.