Thursday, September 29, 2022

First Lamborghini In Asia Purchased Through Crypto Using Zipmex Application

The leading crypto exchange of Southeast Asia, Zipmex, on April 29, processed the first Lamborghini purchase in Asia through cryptocurrency.

Jo Chirawat, one of the customers of Zipmex, used the application to process a downpayment of a 2021 Huracan EVO RWD at Renazzo Motor Co. Ltd. in Bangkok, through Bitcoin.

A month ago, Tesla announced to accept payment in Bitcoin for its vehicle. It inspired Renazzo Motors, and the company also decided to accept the payment in cryptocurrency. However, the company accepts the payment in Bitcoin (BTC), USD Tether (USDT) and Zipmex token (ZMT), transferred through the Zipmex application.

The CEO of Zipmex, Marcus Lim, recently talked about buying Lamborghini through cryptocurrency and said, “This is a huge milestone for Zipmex, Renazzo Motor, and cryptocurrency payments in Southeast Asia. The Lamborghini brand has had special meaning in our industry and we are excited to be able to provide our users with the opportunity to do more with their cryptocurrencies.”

Presently, the exchange is being operated in four jurisdictions, i.e., Singapore, Thailand, Indonesia and Australia. The aim of the company is to offer a secured digital asset trading platform to its consumers, retailers and institutional investors.

As per the exchange, the company has more than 200,000 users with a total transaction volume of $1 billion, to date.

A few months ago, Zipmex received a license to start its operation in Thailand.

Apart from facilitating digital payment, the exchange also offers other financial services too, i.e., interest-bearing accounts. The report has suggested that in Thailand, Zipmex has experienced 10x growth in its transaction volume.

Now, the exchange is planning to introduce an NFT platform, ZipNFT, to help the NFT sector.

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