Denison Yacht Sales now accepts the virtual currency from buyers and charter clients.
December 4, 2014
Fort Lauderdale-based Denison Yacht Sales is now accepting the virtual currency Bitcoin as a payment system for yacht purchases and yacht charters.
“We need to be present and available to all potential clients in all marketplaces, and if a client wants to pay with Bitcoins, we are now positioned to handle the transaction,” company President Bob Denison stated in a press release. “With the sale of just one medium-sized yacht using this currency, we would be poised to make the largest Bitcoin transaction in history.”
Bitcoin was introduced in 2009 and processes payments through a system called BitPay, which is now used by more than 50,000 businesses at a rate of $1 million in transactions daily. The service typically imposes fees that are 2 percent to 3 percent lower than those of credit-card companies, gaining the attention of merchants worldwide.
Government regulators in the United States and elsewhere continue to debate the status and future regulation of Bitcoins, which have been linked in the past to cyber-criminals and “dark websites” selling illegal products. Proponents of the virtual currency say thousands of reputable businesses use Bitcoin without problems.
Denison will accept Bitcoin for payment on several types of transactions, including its new-boat lines Monte Carlo Yachts, Beneteau Power, Dufour Sailing Yachts, Fountaine Pajot, Pirelli Yacht tenders and Contender fishing boats.