Buying a Car with Stablecoins

Key Takeaways

• Toyosa S.A. will now accept stablecoin payments: Customers can buy vehicles, autoparts, and services using Tether’s USDT, a stablecoin pegged to the U.S. dollar, for faster and more efficient transactions.

• BitGo provides the secure foundation: BitGo’s institutional-grade infrastructure, including regulated custody cold and hot wallets, ensures these high-value transactions are not only fast but also protected by the highest standards of security.

• Collaborating with Tether and Towerbank: Leveraging USDT from Tether, the world’s largest stablecoin issuer, and traditional banking services from Towerbank, which has 50-plus years of experience in the region, this collaboration is shaping a revolutionary moment for commerce.

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The Challenge with Traditional High-Value Payments

When you buy a car, the payment process can often be clunky and slow. High-value transactions, especially cross-border payments, are subject to time-consuming bank transfers, high fees, and potential delays. This friction creates a less-than-ideal experience for both the customer and the business.

This is where the power of stablecoins comes in. By using USDT, customers can benefit from the stability of a traditional currency while leveraging the speed and low transaction costs of blockchain technology. Payments that might have taken days can now be settled in minutes, securely and efficiently.

That’s why we’re excited to announce a groundbreaking collaboration with Toyosa S.A., a leading Toyota distributor, Tether, the world’s largest stablecoin issuer, and Towerbank, a pioneer in crypto-friendly banking in Latin America. Together, we’re making it possible for customers to purchase vehicles, autoparts, and services using Tether’s USDT stablecoin.

BitGo’s Role: The Foundation of Trust and Security

This new payment system is powered by our institutional-grade custody and security infrastructure. Using our secure wallet architecture, including regulated custody cold wallets and hot wallets, BitGo has integrated with Toyosa’s existing point-of-sale (POS) system to enable the acceptance of stablecoins as payments.

Our technology ensures that these high-value transactions are not only fast but also trusted. This collaboration is a perfect example of how our secure, reliable infrastructure can bridge the gap between traditional commerce and the digital asset ecosystem, ushering in the next wave of global commerce.

A New Model for Business

This initiative isn’t just a technological upgrade—it’s a new model for commerce. By embracing digital assets, Toyosa S.A. is positioning itself as a leader in financial innovation, providing a unique and streamlined purchasing experience for its customers.

For years, the promise of digital assets has been to create a faster, more efficient, and more inclusive financial system. At BitGo, we’ve always believed that this vision goes far beyond just trading. It’s about building the secure infrastructure that allows real businesses to integrate digital assets into their everyday operations.

We are proud to be part of this historic moment, demonstrating the real-world utility of stablecoins and showing how traditional industries can innovate with the right partners. This is just the beginning, and we look forward to a broader rollout and continued collaboration to educate the public on the benefits of this new payment method.

To learn more about our solutions for stablecoin payments, get in touch here.