Auto dealer Benz and Beamer sold Tesla model car to anonymous customer for 5,447 Litecoins

Briefing

April 5, 2014

Briefing	5,447 Litecoins as Payment – Auto dealer Benz and Beamer sold Tesla Model SP85 to anonymous customer for 5,447 litecoins, equivalent of $90,000 at time of purchase GoCoin Partnership – Transaction was processed in partnership with GoCoin, payment platform enabling merchants to accept cryptocurrencies, such as Litecoin, as payment About Litecoin – Peer-to-peer digital cash system using blockchain technology that was second largest after Bitcoin, and third largest by market capitalization in April 2014
Accelerator	Web3 Ecosystems, Tokens and Consensus Mechanisms
Market Disruption	New Payment Technologies
Sector	Wholesale and Retail Trade
Organization	Benz and Beamer
Source	"Auto dealership accepts Litecoin for Tesla purchase," MarketWired, http://www.marketwired.com/; Najjar, A., "Over 5,000 Litecoins used to buy Tesla model at dealership", CoinReport, https://coinreport.net/; AcceleratingBiz analysis
Original Publication Date	April 4, 2014

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