Autobay developed crypto platform for car auctions
The automotive sector is feeling the impact of blockchain technology and therefore the Autobay team created its platform to buy, sell and auction exclusive cars
The blockchain technology platforms continue to grow and the automotive sector is not far behind. In this trend Autobay created its crypto platform to buy, sell and offer luxury and exclusive cars auctions. The automotive trade has also migrated to new technologies to increase diffusion and to facilitate transactions.
Autobay emerges as the first platform to sell, buy and auction vehicles using cryptocurrencies as payment methods, based on the chain of blocks of Ethereum (ETH). In addition, the use of Bitcoin (BTC) and Autobay Tokens (ABX) will be allowed to generate greater confidence in the cryptoactive market.
The tool offers its customers the option to choose between new or used cars, without the need to resort to traditional payment methods and facilitating transactions in digital currencies.
Autobay is available to interested customers to publish the cars, motorcycles and trucks they want to sell. While the buyer has search engines that allow them to find the vehicle they want. Then, inspect the car and press the button “I’m interested”, so they’ll get more information about the car and its location if the client wants to personally observe it.
If customers specify the sale they can advance a payment or cancel the whole amount from the comfort of their home, only making use of the app, which includes an integrated wallet. The application will create a smart contract that will record the transaction number and create a solid record of the vehicle.
L.Sáenz
Source: InfoCoin
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