San Juan, Puerto Rico, Aug. 16, 2021 (GLOBE NEWSWIRE) — BOTS, Inc. (OTC: BTZI), (“BOTS” or “The Firm”), a worldwide expertise firm specialised in Blockchain-based options together with decentralized finance purposes for the monetary trade, cybersecurity options, crypto mining, consulting, mining gear restore and insurance coverage introduced in the present day that it started permitting native automotive dealerships to simply accept cryptocurrencies like Dogecoin for preowned TESLA EV automobiles.
BTZI grew to become one of many first publicly traded firms to simply accept Dogecoin as a cost for its services.
Again in Might, 2021 Tesla CEO Elon Musk stated that the automotive firm would not settle for bitcoin to buy its automobiles, citing considerations concerning the environmental affect of the cryptocurrency. Tesla began accepting bitcoin as a type of cost in February, the identical time that it made historical past by buying $1.5 billion in bitcoin — earlier than reneging on its resolution simply three months later, citing environmental considerations.
“We’re involved about quickly growing use of fossil fuels for Bitcoin mining and transactions, particularly coal, which has the worst emissions of any gasoline,” Musk stated in a press release posted to his Twitter account.
Final month Elon Musk stated: “Tesla will ‘most probably’ restart accepting bitcoin as funds”.
As cryptocurrencies like bitcoin and dogecoin acquire in recognition, many automotive sellers and producers have acknowledged this as a possibility to achieve new clients. BTZI will likely be providing Dogecoin service provider processing companies to Pre-owned TESLA EV sellers and people first.
A current report by Observer.com indicated that world scarcity of microchips since final 12 months has pressured automakers to chop again on new automotive manufacturing, due to this fact inflicting costs of used automobiles to surge to some extent the place some standard fashions are fetching greater costs on second-hand markets than their brand-new counterparts. A evenly used Tesla Mannequin 3 sedan, for instance, now prices a median $1,300, or 2.9 %, greater than the brand-new model offered on Tesla web site, in response to a examine by the automotive analysis web site iSeeCars.com that analyzed over 470,000 new and used automobiles from the 2019 and 2020 mannequin years listed on the market in June 2021.
“Patrons are prepared to pay further for a used Tesla Mannequin 3 as a result of the Mannequin 3 remains to be comparatively unusual within the used automotive market. And regardless of the excessive resale worth of its used variations, it’s the most inexpensive Tesla accessible,” iSeeCars Govt Analyst Karl Brauer instructed Observer. “It appeals to a large viewers from tech fans to eco-minded shoppers to those that need a fun-to-drive sporty automotive.”
A Mannequin 3 sedan at the moment retails for anyplace from $35,690 to $52,690 (after authorities incentives and fuel financial savings). A mean new Mannequin 3 in iSeeCars’ examine sells for $44,409, whereas a evenly used model is listed for $45,677.
Avoiding a seven- to 11-week wait is the principle motivator for individuals to pay a bit of further on a second-hand Tesla. “Patrons are seemingly drawn to purchasing a evenly used Tesla Mannequin 3 on rather a lot somewhat than ready weeks for the supply of a brand new car,” Brauer stated in a report of the examine.
Mannequin 3 is the one Tesla automotive the examine checked out. However it might not all the time be the preferred Tesla automotive on the used automotive market. “Given the recognition of SUVs, the Mannequin 3 will seemingly lose a few of its recognition to the Mannequin Y as that car enters the used automotive market within the coming years,” Brauer stated.
“The used automotive market is extraordinarily scorching in the mean time as a result of ongoing chip scarcity,” Katrin Zimmermann, a managing director at TLGG Consulting who specializes within the car trade, instructed Observer. “On the similar time, EV adoption continues to enhance…Client demand for private automobiles climbed all through the pandemic, usually bolstered by developments in capital liquidity. When taken collectively, these dynamics create an ideal storm for the growing worth of used Mannequin 3s.”
Businessinsider.com reported on Aug 15, 2021 that Elon Musk backs Mark Cuban’s declare that dogecoin is the very best cryptocurrency as a medium of change. Billionaire entrepreneur Mark Cuban’s declare that dogecoin is the strongest cryptocurrency as a medium of change has been backed up by long-time Doge fan, Elon Musk. Cuban instructed CNBC final week that “the neighborhood for Doge is the strongest in terms of utilizing it as a medium of change.” In response to CNBC’s article about Cuban’s claims, Tesla boss Musk tweeted on Saturday: “I have been saying this for some time.”
Each superstar businessmen have been drawn to Dogecoin for its light-hearted nature and robust neighborhood – they usually have been vital to its 8,000% acquire over the past 12 months.
Nevertheless, cryptocurrency skeptics wrestle to see what Musk and Cuban see in Dogecoin, which is extremely risky and extra difficult to make use of for purchases than mainstream cost strategies.
BOTS Inc managements agrees with Elon Musk and Mark Cuban and determined to supply this crypto service provider account companies to permit TESLA EV fans to buy the preowned automobiles with Dogecoin and different cryptocurrencies and later to supply cryptocurrency acceptance companies to different automotive manufactures and dealerships.
In accordance with the report revealed by Allied Market Analysis, the worldwide used automobiles market was pegged at $828.24 billion in 2019 and is estimated to hit $1.355 trillion by 2027, registering a CAGR of 8.3% from 2020 to 2027. The report offers an in-depth evaluation of the highest funding pockets, prime profitable methods, drivers & alternatives, market dimension & estimations, aggressive panorama, and altering market developments.
About BOTS, Inc.
BOTS, Inc. is a worldwide expertise firm specialised in Blockchain-based options together with decentralized finance purposes for the monetary trade, cybersecurity options and owns a portfolio of digital property and crytpo-related companies reminiscent of BeadSwap, a decentralized crypto change, Bitcoin ATM machines and corresponding US patents and Cyber Safety Group LLC, an ISO/IEC 27001:2013 Info Safety Administration System licensed firm. The Firm additionally offers crypto mining consulting, optimization, and crypto mining gear restore and insurance coverage.
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Ahead-Trying Statements
Sure statements contained on this press launch might represent “forward-looking statements.” Ahead-looking statements present present expectations of future occasions primarily based on sure assumptions and embrace any assertion that doesn’t instantly relate to any historic or present reality. Precise outcomes might differ materially from these indicated by such forward-looking statements on account of numerous vital components as could also be disclosed within the Firm’s filings. Along with these components, precise future efficiency, outcomes, and outcomes might differ materially due to extra common components, together with (with out limitation) common trade and market circumstances and progress charges, financial circumstances, and governmental and public coverage modifications. The forward-looking statements included on this press launch signify the Firm’s views as of the date of this press launch, and these views might change. Nevertheless, whereas the Firm might elect to replace these forward-looking statements sooner or later sooner or later, the Firm particularly disclaims any obligation to take action. These forward-looking statements shouldn’t be relied upon as representing the Firm’s views as of any date subsequent to the date of the press launch. Such forward-looking statements are dangers which might be detailed within the Firm’s web site and filings.
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