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The Tesla Model S Performance Tesla Motors

Man purchases €75,000 car using only bitcoin

The Tesla Model S Performance is believed to be the first car to be purchased using the digital currency.

AS THE PRICE of bitcoin hovers around the €670 mark, the number of things you can use it for grows. Now you can add cars to the list as the first one was recently purchased using the digital currency.

The Lamborghini Newport Beach dealership, based in California, announced that one of its cars, a Tesla Model S Performance, was purchased using bitcoin last week.

The electric car, which is only available in the US, cost €74,914 ($103,000), or 91.4 bitcoins during the time of purchase.

The marketing director for the dealership, Cedric Davy, told CNN that the man had contacted them asking if he could use bitcoin to buy the car. Once that happened, it was a matter of figuring out how to convert it and complete the sale.

While the value of bitcoin dropped after the sale was made, the payment processor Bitpay ensured that the price was locked for both the buyer and the dealership.

It’s the first time the dealership has accepted bitcoin and it’s now accepting it for future purchases.

The number of ways in which you can spend bitcoin continues to increase. One university in Cyprus is allowing students to pay for their tuition fees using bitcoin while Virgin Galactic customers can use the digital currency to pay for a commercial flight to space.

Read: Man searching for binned €4.8m told there’s ‘no chance’ of finding it >

Read: China now the biggest market for Bitcoin trading >

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19 Comments
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    Mute Paul Flynn
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    Oct 10th 2013, 8:13 AM

    Did you know that if you stand on the Great Wall of China you can actually see the moon.

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    Mute Paul Roche
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    Oct 10th 2013, 8:53 AM

    Not if he’s in Korea.

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    Mute Eileen Beattie
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    Oct 10th 2013, 7:42 AM

    Brilliant …. love this sort of story. Will I be able to see it in Newbridge? If so I’ll be out with my jacket and a scarf (bloody well cold up here compared to Cork) and a cuppa to have a look

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    Mute Helen Whiteley
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    Oct 10th 2013, 7:44 AM

    Wondering the same thing myself Eileen!

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    Mute Ciara McCorley
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    Oct 10th 2013, 9:59 AM

    Download the iss app to your phone Eileen -I am also in newbridge and its a brilliant app -alarm goes off to let you know when its due to pass -I’ll be out tonight looking up at it -crutches and all

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    Mute Leah Burgess
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    Oct 10th 2013, 3:03 PM

    Naas is on the line

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    Mute Alan O'Reilly
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    Oct 10th 2013, 7:50 AM

    The moon being upside down is surely a bigger story!

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    Mute Mary Kavanagh
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    Oct 10th 2013, 11:51 AM

    Vews (and photos) through a telesope are upside down. Same with view through one’s eyes but the brain turns them up “the right way”. Someone just forgot to flip the photo.
    There was an experiment years ago where people were given spectacles which showed everything upsidedown. It took a couple of days but eventually their brain adjusted so they could see normally! They had a few more unpleasant days when they stopped using the glasses.

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    Mute Frank Semple
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    Oct 10th 2013, 7:44 AM

    Clear sky over Dublin tonight, is the moving station visable with the human eye?

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    Mute Stephen McMahon
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    Oct 10th 2013, 7:55 AM

    It’s easily visible with the human eye. To ne honest it looks like a very large shooting star in my opinion. I have used a basic pair of binoculars and made out good detail.

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    Mute Karol Doran
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    Oct 10th 2013, 8:16 AM

    It is extremely bright in the night sky, moving at a fairly fast pace. You can’t miss it.

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    Mute Irish Coffee
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    Oct 10th 2013, 8:50 AM

    That is no moon!

    I wll tell the kids it’s the Emporers Shuttle arriving :-)

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    Mute Dark 10 (Kevy Revy)
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    Oct 10th 2013, 4:49 PM

    Lol, he’s just here for a look around… We’ll send him packing, probably would like it much like the airwaves adds.

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    Mute Padriag O'Traged
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    Oct 10th 2013, 7:23 AM

    Oh so that’s the moon! Thanks Journal!

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    Mute Owen Brady
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    Oct 10th 2013, 8:17 AM

    Pass the beer nuts please

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    Mute Matt
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    Oct 10th 2013, 10:53 AM

    Do you live in the west? Cloud cover?

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    Mute Alan Burke
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    Oct 10th 2013, 8:00 AM

    That’s my thursday evening sorted so :)

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    Mute Patitas
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    Oct 10th 2013, 7:35 AM

    Grand, my boss lives in the moon. I will tell her to have her coins ready so she doesn’t miss this one…

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    Mute Fergus O'Neill
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    Oct 10th 2013, 8:44 AM

    Astronomy Ireland have a page showing where this will be visible here

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    Mute Rudy Hellzapoppin'
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    Oct 10th 2013, 2:21 PM

    I’m delighted that the picture above is captioned.

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    Mute Niall Roche
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    Oct 10th 2013, 8:58 PM

    Just saw it passing by. That was very cool! Thanks for the tip off. It was moving a lot faster and much brighter than I thought!

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    Mute Kevin Thornton
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    Oct 10th 2013, 1:30 PM

    bet ya €5 the clouds come out to watch as well always the same frigging irish weather

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    Mute Eve
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    Oct 10th 2013, 9:53 AM

    I’m so excited!

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    Mute Rob O Reilly
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    Oct 10th 2013, 10:57 AM

    Will a person not on the line see the station at all ? I remember when the shuttle flew over after launch and most people could see it. What’s different here ?

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    Mute Eileen Beattie
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    Oct 10th 2013, 10:53 AM

    Thanks Ciara

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    Mute Paddy Green
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    Oct 10th 2013, 9:01 PM

    Clouds in Dublin as per usual. Caught a glimpse but nowhere near the moon.

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    Mute celtic lady
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    Oct 10th 2013, 8:48 PM

    Stupid cloud about to obscure the moon at 20.48 grrrrr

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    Mute Leah Burgess
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    Oct 11th 2013, 12:52 AM

    Got some pics and a video so a very happy camper here.

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    Mute Tesla Tower
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    Oct 10th 2013, 6:06 PM

    Cool. Anyone interested space x are the new movers in space exploration and they have some cool ideas if you like these type of things.

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    Mute Chris Creagh
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    Oct 10th 2013, 9:31 PM

    Just spent past hour and a bit looking to the sky’s on lovely clear night and didn’t see a thing:( glad didn’t spend good money on that ha

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