Aviatrade Inc., a New Jersey-based aircraft sales company, is now accepting bitcoin as a means of payment for its range of multi-million dollar luxury jets.

Philip Rushton, president of Aviatrade, told news.Bitcoin.com that the first plane available for purchase via cryptocurrency is a six-year-old Gulfstream G650ER, which went on sale a couple of weeks ago.

The private jet, Gulfstream’s existing flagship, is selling for $40 million. Billionaires Jeff Bezos and Elon Musk are some of the noteworthy owners of this plane model, reports note.

Rushton revealed that cash-based sales for expensive luxury aircraft are subject to stringent governmental restrictions, but bitcoin, in its generic form, presented a way around this. He hopes that such characteristics could be useful in attracting high-end, international buyers.

“The reason we are doing it (accepting BTC payments) is because there are countries such as Brazil, Saudi Arabia, anywhere in Asia, especially China…that don’t have easily accessible currency and they have…

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Source: https://news.bitcoin.com/us-company-accepts-bitcoin-payments-for-luxury-planes-as-40m-gulfstream-jet-goes-on-sale/