Yacht Owner Accepting Bitcoin, Ethereum + Dogecoin For Yacht Purchase

Buy the 117 Crescent superyacht using cryptocurrency.

Denison is representing the Owner of a 117-foot Crescent 2020 who is accepting Bitcoin, Ethereum, and Dogecoin for the purchase of the yacht. Denison has been accepting cryptocurrency since 2014 and was the first company with the ability to accept cryptocurrency payments without a limit. Here’s what you need to know about buying a superyacht with bitcoins and altcoins.

What Are Altcoins?

Altcoins are cryptocurrencies, other than Bitcoin, such as Ethereum, Dogecoin, Monero, and Zcash. As of March 2021, altcoins accounted for 40% of the total cryptocurrency market. Unlike fiat money, cryptos are not managed by a centralized government, making the entire transaction both secure and flexible. Cryptocurrencies, like Bitcoin, feature blockchain technology, which makes the system easy to track and more transparent.

Ethereum is a blockchain-based platform with its associated cryptocurrency called Ether, which is one of the largest altcoins by market cap. It acts as the fuel that serves a marketplace rather than a unit of currency on a peer-to-peer payment network like Bitcoin. Ether’s supply is not capped but rather determined by members of Ethereum’s community.

Dogecoin, which began as a parody in 2013, is no longer a joke and has been on a wild ride since the start of 2021. Brands, celebrities, and CEOs have turned their attention to dogecoin, prompting the cryptocurrency’s popularity to skyrocket. Dogecoin worked its way up to one of the top cryptocurrencies by market value, according to Coinmarketcap.com, putting it behind Bitcoin, Ether, and Binance Coin.

Denison adapted new technologies to support buyers who want to pay for a yacht using different currencies. In February 2021, Denison announced that you can search for a yacht according to bitcoin price, which changes every hour according to its real-time value.

“We need to be present and available to all potential clients in all marketplaces, and if a client wants to pay with dogecoin, we are positioned to handle the transaction,” said Bob Denison.

117′ Crescent 2020 Accepting Bitcoins + Altcoins

The Owner of a new Crescent 117 located in Seattle and represented by Denison yacht broker Ari Sheer, is accepting bitcoin and altcoins for the purchase of the yacht.

“The cryptocurrency market is a very exciting space right now with more and more retailers beginning to accept payment in this way. Individuals and institutions have been earning significant returns in these assets over the last several years, so we see this as an opportunity to gain exposure to a new sort of client who may not have considered luxury yachts in the past,” commented Tim Charles, founder of Platinum Marine Group and owner of Crescent Custom Yachts shipyard.

The Crescent 117 for sale was designed by naval architect Gregory C. Marshall, who also designed the Westport 112 and Westport 117. This new motor yacht has an unmistakable, sleek, and sharp exterior complemented by a bright and contemporary interior. Highlighting features include a country kitchen, sundeck hot tub, tender deck, and a full-beam master stateroom. She can accommodate 10 guests in 5 cabins, with an additional 3 cabins for 5 crew. The Crescent 117 is optimized for hosting and entertaining guests.

Denison works with clients, shipyards, and brokers to make purchasing a yacht easier and more accessible than ever. The ability to safely accept digital currency such as Bitcoin, Ethereum, and Dogecoin and distribute these funds in U.S. dollars is a valuable service to Denison’s clients. 

“So long as the crypto market stays robust, we see this becoming much more common. A quick Google search shows multiple sellers around the world already accepting cryptocurrencies for multimillion-dollar homes. Especially with the advent of less-volatile cryptocurrencies, we expect this trend to continue,” said Tim.

Denison is excited to lead the way in accepting cryptocurrency for large purchases. To inquire about the Crescent 117 for sale with Denison, contact yacht broker Ari Sherr who is happy to answer questions or schedule a showing.

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