Post Oak Motor Cars and NYDIG Announce Partnership to Integrate Bitcoin Services Across Luxury Car Dealership
HOUSTON and NEW YORK, 28 October 2021 / PRNewswire / – Businessman Owned Post Oak Motor Cars (“POMC”) Tilman Fertitta, today announced a partnership with NYDIG, a leading bitcoin company, to bring bitcoin into the Houston– the commercial operations of the luxury car dealership. This partnership will allow POMC clients to purchase luxury cars funded by bitcoin-backed loans, allow POMC to use its appreciated cash holdings in bitcoins to fund further expansion, and allow employees to allocate a portion of their bitcoin paychecks – all powered by NYDIG’s secure system. , regulated platform, full-stack.
POMC also announced that it has sold its first luxury automobile financed with bitcoin: a Rolls Royce Ghost, financed with the client’s bitcoin held at NYDIG.
The collaboration will enable POMC to provide customers with access to NYDIG’s 100% institutional grade cold storage preservation solution. Bitcoin holders who do not wish to sell their bitcoin will be able to access some of its value by borrowing USD using bitcoin as collateral. The product does not require customers to make interest payments during the life of the loan.
“In today’s rapidly changing financial landscape, we are proud to partner with a company like NYDIG to provide our customers with the ability to finance a car with a loan secured by bitcoin and to provide our employees with the possibility of allocating part of their salary to bitcoin, “mentioned Lonny Soza, Managing Director of Post Oak Motor Cars. “NYDIG’s vision is to make bitcoin more accessible, and our cutting-edge partnership will propel that vision into reality and give our key stakeholders the opportunity to gain exposure to a strong digital bitcoin currency.”
Along with the partnership, POMC will leverage NYDIG’s platform to maintain its valued bitcoin cash position and effectively fund an expansion of POMC’s footprint. The first bitcoin-funded company will be a new state-of-the-art POMC location at The Woods, Texas.
“We are delighted to be working with POMC and grateful for their vision and dedication to bitcoin. This partnership marks an important milestone as we begin to help Americans unlock the purchasing power of their bitcoin by borrowing USD against it without sell their long-term bitcoin holdings, “mentioned Patrick sells, Director of Innovation at NYDIG. “By bringing the worlds of fiat and bitcoin together, we can usher in an exciting new era of prosperity for bitcoin holders.”
About Post Oak Motor Cars:
Post Oak Motor Cars is home to Bentley, Rolls-Royce, Bugatti, Karma and Rimac Houston. The dealership creates a unique automotive experience unmatched by any other luxury retailer. The showroom is part of the Post Oak Hotel in Uptown Houston, the city’s premier elite destination for stylish accommodations and high-rise buildings, masterfully blended with expansive meeting space, designer boutiques, fine dining at Mastro Restaurant, and sophisticated amenities in one single tower.
At Post Oak Motor Cars, we create luxurious experiences that allow our customers to travel their lives with style, power and purpose. Our staff are committed to listening to the needs and wants of our customers to help them find the perfect car to fit their lifestyle. After the sale, the service and rooms The department offers the same personalized service, committed to all maintenance or repair needs, including oil changes, brake repairs, tire replacements, major repairs and more. For more information visit www.postoakmotors.com
NYDIG is a bitcoin company that powers a more inclusive economic system. Providing technological and financial services to banks, fintechs, insurers and businesses, its full-stack bitcoin platform is built to the highest security, regulatory and operational standards. NYDIG is the gateway to a new era of financial products that make bitcoin more accessible to everyone. Learn more aboutnydig.com, or connect toLinkedInandTwitter.
Post Oak Motors
Mary ann mason