Categories: Ethereum

BitCar Announces a Platform Update that Will Make Fractionally Owning a Ferrari 599 GTO That Much Easier

Click here to view original web page at

BitCar Co-founders Gov van Ek, and John Bulich will be greeting some of the thousands expected at the Goodwood Festival of Speed event later this week and showing how they can fractionally own a stake in a half million-dollar collector edition Ferrari 599 GTO on display.

Having recently announced its mainnet launch on May 6th starting with the Ferrari 599 GTO on the Ethereum public network, BitCar plans to list only the rarest and finest models from marques such as Lamborghini, Ferrari, and Bugatti.

BitCar Co-founder Gov van Ek said, “We’re very pleased to announce an update to our payments processing system as well as an opportunity for people to win a fractional ownership stake in a half million-dollar collector edition Ferrari 599 GTO. Both these announcements support our goal of empowering anyone to own part of a top collectable at an affordable price point.”

Using a dual token model, BitCar’s CAR tokens are records of the acquired or traded fractional ownership in the form of digital receipts used by the platform. As a real-world, asset-backed stablecoin, BitCar provides holders with stability in a volatile market. BitCar’s utility token (BITCAR) is needed to access the platform and can be used to pay for fractions of cars as well as vote on day-to-day decisions with regards to the cars.

BitCar is excited to announce the following updates:

  • BitCar is one of the first ICO’s to successfully deliver a project following the cryptocurrency winter.
  • BitCar will soon launch a credit card payment option to make owning a fraction of BitCar’s Ferrari even easier and remove entry barriers for general car enthusiasts.
  • BitCar is participating in the Goodwood Festival of Speed from the 4th to 7th of July, where an estimated 150,000 guests are expected at the biggest motorsports event of the year. One lucky visitor to the BitCar stand will win £500 fractional ownership in a half million-dollar collector edition Ferrari 599 GTO.
  • BitCar is sponsoring London’s Fintech week the 8th and 9th of July. Co-founder Gov van Ek will speak about asset tokenization and alternatives to (Security Token Offering) STOs on the 9th of July at 11:15AM.

For media or partnership inquiries, please contact info(at)

About BitCar:

BitCar Platform is a live peer-to-peer trading platform that enables fractional ownership of Exotics (rare and exotic hyper, super and classic cars). Once an asset only available to the wealthy, BitCar enables anyone to own a piece of an exotic car through proof-of-ownership tokens that can be traded on BitCar’s decentralized platform. By leveraging blockchain technology and a dual-token system comprised of CAR asset tokens (or “Car Coins”) and the BITCAR utility cryptocurrency tokens, BitCar allows fast, private, low-cost trading 24 hours a day, 7 days a week. Because CAR tokens are backed by real, high-performing assets, the stablecoin offers much-needed predictability in a volatile crypto landscape.

Disclaimer: Exotic car values can go up or down and past performance is no reflection of future prices. The BitCar platform will be closed in certain jurisdictions including the USA, Portugal, Singapore and Australia.

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by
Tags: decentral decentralized eth ether platform trading

Recent Posts

  • Bitcoin Business

Robinhood App Encroaches on Banking Turf with High-Yield Money Tool

Popular stock market and crypto trading app Robinhood is going after legacy banks with the relaunch of a cash management… Read More

17 mins ago
  • Bitcoin Business

The blockchain/crypto week in quotes

“The world that Satoshi Nakamoto, author of the Bitcoin whitepaper envisioned, and others are building, is an unstoppable force.” US… Read More

17 mins ago
  • Bitcoin Business

Art and watch collectors: Here’s how blockchain can stamp out fakes

According to an OECD report on counterfeiting, the world trade in fake goods is worth upwards of S$624 billion a… Read More

17 mins ago
  • Bitcoin Business

Litecoin and the Miami Dolphins Join Hands Over Charity

Who would have known American football and cryptocurrency would go so well together? In a press release, The Miami Dolphins… Read More

6 hours ago
  • Bitcoin Business

Crypto News: Grayscale’s Record Inflows, Shell’s New Blockchain Investment

Increasing amounts of capital are flowing into the crypto and blockchain start-up markets. By following the money, investors can uncover… Read More

6 hours ago
  • Bitcoin Business

David Koepsell (YICB 07), Co-founder of Encrypgen, LLC and Blockchain in Healthcare Global

David Koepsell is the co-founder and chief executive officer of Encrypgen, a software company creating next-generation blockchain solutions for genomic… Read More

6 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More