While some online and concrete businesses that offering services and smaller goods have made the move toward Bitcoin, the currency had not defenseless on with sellers of cars and other vehicles (bated from a few one-half hearted marketing ploys, in one case deals or donation schemes).

Tomcar Australia CEO David Brim likened Bitcoin to the innovation credit cards represented in the 1970s. "When our Tomcars are suited to many driving environments, information technology makes sense to have a global currency without nation-state borders," Brim said.

CoinJar

Tomcar will apply CoinJar every bit its payment gateway, and customers ownership online will simply be able to select Bitcoin as a payment selection. CoinJar will allow Tomcar to appraise the value of a vehicle in Bitcoins in real time. For its part, CoinJar takes 1% for every transfer.

Brim said CoinJar will offer his company stability when dealing with a less-than-stable currency.

Obstacles for International Buyers

Skirt said a central motivator to make the switch to Bitcoins was the cost of transactions for overseas customers. At the moment, only 5% of Tomcar's sales are to buyers exterior of Australia, and accepting an easily exchanged currency could allow the company to grow its international sales.

The company was already paying some overseas suppliers with Bitcoins considering of the small fee for transactions, compared with the 6-12% charge for a standard money transfer. Then it was a logical move to offer customers the same possibility to salvage on transaction costs. In fact, Skirt admits he is actively trying to persuade other suppliers to accept Bitcoin.

Tomcar

A demand for tougher all-terrain vehicles in the Israeli military led to the development of the first Tomcar. In 1967, after a unit of measurement of commandos had all six of their Jeeps destroyed in an air deployment, one of the soldiers reassembled parts from the wreckage into two working vehicles. This became the Tomcar's prototype.

The visitor has multiple military and commercial customers, and their vehicles start at just less than AU $25,000. Manufacturing is outsourced, which is why Skirt is and so keen to manage transaction costs.