Karma is a luxury automotive brand, and they just started to accept Bitcoin as a payment method.

This is a really big and important step for the mainstream crypto adoption, which has been a really huge goal of the crypto space for 2019.

There have been a lot of successful moves and achievements that took place this year and that support the adoption of digital assets.

Despite the high volatility of the crypto market, interest in crypto is still on the rise.

Karma is the manufacturer of the exotic hybrid sports car called Revero and they are opening the flagship location in Newport Beach, California to all BTC and crypto enthusiasts who want to spend their BTC on luxury electric vehicles.

Accepting Bitcoin as a form of payment

The official announcement said that Karma Newport Beach is accepting Bitcoin as a form of payment for the new vehicle sales as well as service performed at the facility, according to the online publication the Daily Hodl.

Karma CEO Dr. Lance Zhou sais the following:

“We are opening our platform to serve as a test bed to help convert theoretical blockchain applications to practical use.”

Just in case you didn’t know, this is a Tesla competitor – the luxury sedan and it features “a three-cylinder engine sourced from BMW to deliver 535 horsepower (up from the previous 403 hp) and 550 pound-feet (746 Nm) of torque,” says the online publication mentioned above.

Karma’s 2020 Revero GT luxury electric cars will be on display at 4040 Campus Drive – a 10-mile drive from Tesla’s location at 367 Newport Center Drive.

“The 15,000-square foot building includes enough floor space to showcase close to 20 new Revero GTs and certified pre-owned Reveros. The company also plans to add a Customization Center, a state-of-the art vehicle and photo staging area, VVIP concierge service (given the dealership’s proximity to John Wayne Airport), and a detail center,” according to official notes.



