Twin Vee to begin accepting bitcoin
Florida-based sportsboat manufacturer and distributor, Twin Vee PowerCats Co, will start accepting bitcoin (BTC) for purchases of its Twin Vee and AquaSport powerboats soon.
“Twin Vee has always been about forward-thinking and being at the forefront of both our boat designs and the way we serve our customers,” says Joseph Visconti, CEO of Twin Vee PowerCats Co. “We want to provide our customers with a seamless and modern purchasing experience by integrating bitcoin into our payment options while also widening the appeal in our boats. The increasing use and legitimacy of cryptocurrency as a payment method has inspired us to offer this financial option.”
Twin Vee is finalising the infrastructure required to accept cryptocurrency transactions and expects this to be ready soon.
It is thought that accepting bitcoin could open the door to a new segment of tech-savvy customers who prefer to transact using cryptocurrency.
According to Twin Vee, the inclusion of bitcoin could potentially attract more international buyers familiar with its decentralised and borderless nature. “Having heard from Twin Vee boat owners over the years, we want to provide greater flexibility and choice in how customers complete their purchases with us,” adds Visconti. “We are an innovative and future-oriented company, and by incorporating bitcoin into our sales ecosystem, Twin Vee is staying ahead of the curve and providing a convenient method to pay for our incredible products. We’ll be working closely with our dealer network to facilitate bitcoin transactions for all of our customers. This will include providing credits or cash conversions to those dealers who may not currently accept bitcoin, allowing them to confidently embrace this new payment option.”
“We will continue to explore new ways to enhance every aspect of boat ownership, from purchase to performance and everything in between,” concludes Visconti.
In November, the Florida-based manufacturer, distributor and marketer of power sportsboats reported a significant decline in third-quarter revenues. The firm saw revenues fall 64 per cent to $2.9 million in Q3 2024, down from $8.1 million in the same period in the previous year.
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