Karma Automotive is a luxury auto manufacturer that is based in California. In 2019, the company is attempting to push the boundaries of the industry by giving Bitcoin a chance as a viable option for payment. What is even more special about this endeavor is that it seems that Karma Automotive will "be taking payment in Bitcoin directly, rather than with the help of a third-party company."
The car manufacturer's Newport Beach flagship is reported to be used as testing ground. In this retail space, individuals can use Bitcoin in exchange for new services and vehicles. This will be an ongoing project for Karma Automotive as the company seeks for viable and lucrative ways to harness crypto payment. These applications will be tested out in partnership with Wanxiang Group -- the company's primary shareholder.
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