So you’ve spent the past few years amassing a sizeable crypto fortune, and patiently playing the long game in a bid to grow your investment – but now that your efforts have paid off, how exactly can you spend it? While many savvy investors might opt to simply inject the profits back into their portfolios, others will be looking for ways to enjoy a share of the money now – and the good news is that from luxury holidays to high-end supercars, cryptocurrencies are becoming more usable than ever.
In 2022, we’re set to see a record number of amateur investors dipping their toes into the world of trading, with platforms like Bitcoins-Era.io making it easier than ever for even the completely inexperienced to get started. And, with new ways to splash the crypto cash popping up seemingly by the day as we make our way into the new year, it’s easy to understand why.
Whether you’re already there and poised to spend your Bitcoin, or you’re eagerly beginning your trading journey today, one of the most extravagant ways to spend your profits would likely be on a luxury superyacht – and crypto billionaires across the globe are now able to do just that.
Leading luxury yachting company Ocean Independence has recently announced that it is now offering clients the option to pay for its lavish range of vessels with cryptocurrencies, so you could be sailing the French Riviera, glass of champagne in hand, sooner than you think if you’ve already amassed plenty of Bitcoin to burn.
The company is working in partnership with Austria-based Salamantex GmbH, who will manage the systematic processing of payments. Founded almost five years ago, this trusted IT and financial service provider will safeguard the smooth processing of all transactions to ensure that it’s a seamless experience from start to finish – just as you’d expect, when making a high-value purchase such as this.
Peter Hürzeler, managing partner at Ocean Independence, says that the move towards embracing cryptocurrencies was a natural progression for the brand.
He explains: “Cryptocurrencies have become an integral part of today’s world, and will become increasingly important. Therefore, it stands to reason that our clients are now able to pay for their yacht purchase and yacht charter with this type of currency. As one of the first yachting companies to take this step, we are delighted to facilitate the acceptance of most common cryptocurrencies.”
Additional support has been provided by industry experts at VISTRA’s Blockchain and Digital Asset Team.
Goerg Oehme, team leader and specialist yachting division member, says: “We see great potential for the use of blockchain technologies, especially cryptocurrencies, in yachting transactions. Blockchain technology could be the basis for the charter process in the future, although now we see its application mainly in the context of payments.
“Payment in crypto allows for much faster settlement confirmation compared to payment by bank transfer, and the ability to pay in cryptocurrency will potentially attract new charter clientele, we are very pleased that Ocean Independence has now introduced the process.”
Currently, there are thousands of different cryptocurrencies worldwide, each offering up their own unique functions. For example, Bitcoin and Litecoin serve primarily as a digital currency or store of value, and thus offer the same application possibilities as classic money or gold. They are completely suitable as a modern means of payment, which, thanks to a decentralised structure, does not require a bank or other intermediaries. In everyday life, a transaction with cryptocurrencies works in the same way as a classic payment or a normal transfer.
Mr Hürzeler summed up this latest development for the company: “At Ocean Independence, all brokers are poised in the starting blocks to serve customers interested in this new payment option. This will further enhance our unwavering provision of customer service which is unparalleled worldwide.”
If you’re looking for an extravagant way to spend your crypto fortune in 2022, then it seems that this is it – it really doesn’t get much better than treating yourself to a lavish yacht to enjoy the summer months on board, and Europe is the perfect place in which to set sail. From Cannes and Monaco to the Amalfi Coast, these beautiful destinations beckon. And after a tough couple of years, we all deserve to treat ourselves – so what better way than this?