Rex Motor Co partners with CoinCorner to become first Isle of Man car dealer to accept Bitcoin payments. We are delighted to partner with CoinCorner to mark, what is, a milestone for the Isle of Man Motor Trade.
Managing Director of Rex Motor Co said, ''we felt confident partnering with CoinCorner for this important integration, as they are one of the first Bitcoin businesses in the world to fall under any form of legislation as a Designated Business. This means that they are overseen by the Isle of Man Financial Service Authority, giving our clients peace of mind and assurance that their payments will be safe, secure, and immune from direct exposure to Bitcoin price volatility.”
Ben Collins, Business Development Manager at CoinCorner, commented: “It’s been great to work with and support Ian at Rex Motor Company in accepting Bitcoin invoice payments from their clients via CoinCorner Checkout. The news marks significant progress for both CoinCorner and Rex Motor Company; showing recognition for Bitcoin as an alternative way of paying for traditional services and further positioning Rex Motor Company as a leader in the automotive sector, continuously adapting to meet the needs of modern customers. CoinCorner Checkout is available to businesses in the Isle of Man, UK and most of Europe. If you would like to know more about how simple it is to start accepting Bitcoin, please get in touch by visiting CoinCorner.com/Checkout.''
If you have any questions about the process or would like to obtain Bitcoin prices for any of our stock, please feel free to get in touch. We are at present having a new website built, and the new website will show live Bitcoin prices for each vehicle.