- Aviatrade is selling its aircraft inventory for Bitcoin and other cryptocurrencies.
The aircraft sales firm is now accepting bitcoin as a form of payment for its latest $40 million airplane. Gulfstream’s latest flagship product, G650ER, that has just come into the market, can be purchased with the digital currency.
According to Aviatrade’s president Philip Rushton, using cash to buy a plane would be subject to cross-border restrictions in some countries, especially when it involves a million-dollar purchase.
As such, adding digital currencies to its payment options opens it for more potential clients.
The six-year-old plane is currently at the Gulfstream’s headquarters in Savannah, Georgia, undergoing routine inspections after traveling through New Zealand and Asia.
The extended range version of the G640 can fly up to 7,500 nautical miles between cities like New York to Nairobi and Los Angeles to Sydney. The aircraft that began as G650 and had less than 1200 hours on it has two Rolls-Royce BR725 engines powering it to enable speed of Mach .925.