Lloyd Australian auction house now accepting crypto for all items

Lloyds Auction house in Australia has started accepting cryptocurrency for all items purchased on its marketplace. 

Since it is not a new thing for Cryptocurrency acceptance by any existing service. But here the recent step by Australia Auction House to give Cryptocurrency as a mode of payment to buy their items available in their marketplace is getting lots of attention.

This early stage of adoption of Cryptocurrency in their service is getting lots of attention from the crypto users in the Australia region.

We can see the success of this Auction House of caravans selling for the worth of $AUS 100,000 ( equivalent to approximately $76000 USD dollar) within a few hours.

Lloyds Auctions head, Brett Mudie, said that Cryptocurrency & Blockchain technology undoubtedly is something that is going to play large in the future.

And also we can see how the demand of Cryptocurrency usage is increasing in the present time. And only few people are involved in Cryptocurrency in this initial phase.

But later after involvement by the whole world, the market of Cryptocurrency usage will be at another level.

So we are in the initial phase of cryptocurrency usage.

Lloyed auction house also figure out that the people’s interest is increasing more than earlier to buy their items. And now people are interested in buying classic cars and earthmoving machinery items.

So we can see how we can grow our business with Cryptocurrency usage.

Recently International arts and  Jewelry auction house also got lots of popularity in the Cryptocurrency market by allowing the Cryptocurrency usage for the payment to buy arts in their Marketplace.

In the International arts and Jewelry auction house, people can use Bitcoin and Ethereum for 101.38 carat diamonds.

And it also recorded $15 million worth of fund raised in Auction till 9 July.

Read also: South Korea’s Indirect Effort To Regulate Crypto : S. Korean Government Entities