A photo of a Proton dealership apparently accepting cryptocurrency, more specifically Bitcoin and Ethereum, as payment for new Proton cars has gone viral on social media recently. Such transactions, however, is not valid, the company has clarified.
The offer was independently initiated by that particular dealer, and is not recognised by Proton. The dealer has since been suspended, pending further investigation, according to the local carmaker.
Through an official statement, Proton also adds that while it “is open to innovative ways of car sales to keep customers’ interest in our cars, we would also like to caution our sales network to exercise consideration and due care in carrying out promotional activities which are not endorsed by the company.”
There are complications with cryptocurrency’s unstable nature, obviously. At the time of writing, one Bitcoin is worth RM67,500, enough to buy a Proton Preve. Just three weeks ago, it was worth around RM10,000 more, and at this time last year, it was RM4,200, just enough for a downpayment on a new Iriz. It’s also worth noting that Bank Negara Malaysia has announced that cryptocurrency is not a legal payment method in the country.
What do you think of this, dear readers – would you actually want to use cryptocurrency to pay for cars? Let us know your thoughts below.
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AI-generated Summary ✨
Comments reflect skepticism and concern over Proton accepting cryptocurrencies like Bitcoin for car payments due to their volatility and lack of legal recognition. Many emphasize the risks for dealers and question the practicality of instant conversions and fluctuating values. Some suggest that as long as payments are settled in RM, acceptance doesn’t matter, but overall, there’s a consensus that crypto’s instability and legality issues pose significant challenges, and traditional methods remain safer and more reliable.