Elon Musk is selling his "boring" flamethrowers for Bitcoin, Litecoin and Ethereum.
https://ethereumworldnews.com/elon-musk-sells-boring-flamethrower-for-bitcoin-ethereum-litecoin/"This time, as spotted by The Next Webs Hard Fork column, prospective flamethrower owners will be gaining access to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC) payments to put up money for the crowdfunding effort. Along with the four crypto assets, users will be able to use Apple Pay, Google Pay, along with traditional debit and credit payments through Paypal.
Seeing that the Boring Companys crowdfunding participants are likely to to be forward-thinking, the addition of a cryptocurrency payment option was likely welcomed. Now, consumers from all across the globe can buy Boring Companys Not A Flamethrower for $500 a pop, which is reportedly a lower figure than the startups $600 pre-sale price. This translates to approximately 0.078 BTC, 2.48 Ether, 1.13 BCH and 9.5 LTC, it just depends on what cryptocurrency you want to spend."
The fact that the company is trying to promote use of crypto is not only great for its acceptance, but more easily allows global access.
Thoughts as to whether this will initiate crowdfunding in crypto as the new norm?
The thing is when you are using a visa card or something else and making sure that your money reaches some other part of the world , you have to wait for a while and let the company process your payment.
At the same time you have to pay additional charges for exchange of Currency.
Therefore when it comes to crowd funding campaigns with respect to cryptocurrencies it might mean a lot since it would essential:
Increase the adoption of cryptocurrencies
Fast and easy payments
People don't have to worry about time and conversion fee
Can see how their transactions are going about and even used
But :
Volatility is always a negative point which might effect a lot regarding the crowd funding campaigns.
(There are cryptocurrencies though which are not that volatile therefore they can be used)
This will not only provide
security but at the same time the
Transparency makes it an excellent choice.
_*_
But still it will vary depending on the user preference some users might not want to actually send money though cryptocurrencies and such .
It might fail , it might not , it depends on the crowd you want to attract, what kind of people actually integrates themselves with it.
