Mecum Auctions To Accept Cryptocurrency for Collector Car Purchases

Mecum Auctions To Accept Cryptocurrency for Collector Car Purchases

BitPay Chosen as Exclusive Blockchain Payment Processor


Mecum Auctions has announced it is now accepting cryptocurrency for payment via BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services. The ability to accept cryptocurrency enables Mecum to attract new customers and sales by opening its doors to the massive crypto marketplace and welcoming in a whole new dimension to the live auction events. Registered bidders will now have the option to pay for their collector car purchases with cryptocurrency during the in-person auction settlement process and, perhaps more importantly, online bidders will now have the convenience of an end-to-end digital experience from the comfort of home.


“We recognize the growing acceptance of cryptocurrency for commerce and are confident that by accepting crypto for collector cars, it will widen our scope of influence and introduce the Mecum Experience to an entirely new audience,” said Mecum Auctions Chief Operating Officer Sam Murtaugh. “BitPay provides a powerful, streamlined process that makes crypto transactions simple for both our customers and our accounting team.”


The addition of BitPay to its transaction settlement options enables Mecum to safely and securely accept Bitcoin (BTC), Wrapped Bitcoin (WBTC), Bitcoin Cash (BCH), Ethereum (ETH), Dogecoin (DOGE) and stablecoins USD Coin (USDC), Dai (DAI), Gemini Dollar (GUSD), Paxos Standard (PAX) and Binance USD (BUSD).


“Mecum Auctions realizes the potential for crypto to revolutionize the collector car auction industry, making payments faster, more secure and less expensive on a global scale,” said Stephen Pair, CEO of BitPay. “Our goal at BitPay is to make accepting crypto a seamless process and to increase adoption as crypto is the future of payments, and we’re thrilled to have the opportunity to support Mecum in providing crypto payment solutions for car enthusiasts worldwide.”


Mecum Auctions is currently hosting its 34th annual flagship event—Dana Mecum’s Original Spring Classic—in Indianapolis, Indiana, which will run through May 22 and feature 2,500 classic and collector cars on offer. 

Image: 1965 SHELBY GT350R FASTBACK - The Cobra Caravan GT350R 
Est. $1,000,000 - $1,100,000

On offer at Dana Mecum’s Original Spring Classic

Click here to view more lots from this auction


Related Market and Auction Articles

4,555 articles