AUTOBLOCK

UPIK05

The purpose of the The Auto Block project is to deliver a secure automotive industry dedicated cryptocurrency that will be adopted by car dealers worldwide as the defacto payment solution for cryptocurrency car buyers.Our sales portal, autocoincars.com offers a huge choice of vehicles for sale by dealers that accept cryptocurrency as payment.Decentralising the supply of data and information available within the automotive industry and offering the most accurate and live car valuation tool, car dealers and buyers will have a 21st Century ‘one stop’ solution for vehicle purchase, data and valuation access.

WEBSITE AUTOBLOCK

PROBLEM

Buying Cars With Cryptocurrency

Finding Car Dealers That Accept Crypto One of the biggest challenges facing Cryptocurrencies is mainstream adoption. Many of the projects within the space are building platforms for the future where there is no immediate use case. Auto Block has created a platform to be able to buy and sell vehicles using cryptocurrency without having to exchange them for fiat thus solving the user two problems.

The first, they do not have to go through a long process of exchanging crypto to fiat and having their assets slowly decrease through exchange and bank fees,and secondly, a platform where you can use your crypto assets in the ‘Real world’.Crypto users desire anonymity and in many instances do not want to cash out as this attracts potential taxation issues. Buying cars with crypto solves this problem and allows the release of tax free funds.

Finding Car Dealers That Accept Crypto

We have etablished that it is almost impossible to find cars for sale online that can be purchased using crypto. A handful of dealers claim to accept crypto but upon further investgation they are not fully prepared to transact through crypto. A demand exists and there is no supply

Access and Accuracy of Vehicle Data

The auto industry currently relies on monopolised data and valuation systems that are at best subject to external influences and manipulation [Valuations] and at worst are unavailable in detail to the public [Data].

The outdated infrastructure upon which these essential existing industry standard tools are built is actively impeding natural growth, particularly in the field of new vehicle sales in developing markets. Buyers research before buying.

The ability to harness this data will enable many use cases including and not limited to governments, insurance companies, auctioneers, law enforcement and national car registries.

Access to and Accuracy of Vehicle Valuations

Where vehicle valuations exist in developed and mature markets they are supplied by commercial organisations that almost have a monopoly. There exists a need for a decentralised global database that gives users immediate access to a wide range of vehicle valuations by age, mileage, spec and location.

Currently this data is unavailable or fragmented and is consequently offering inaccurate and differing valuations

The Auto Block Solutions

Buying Cars With Cryptocurrency

The Autocoin offers a simple and highly efficient transaction alternative that will become the automotive industry standard cryptocurrency. Thanks to its’ ease of use, acceptance, flexibility and transparency, The Autocoin will become the currency of choice by both car dealer and peer-to-peer vehicle transactions.

The team behind The Autocoin have realised the potential of introducing

cryptocurrency to the automotive industry, and aim to capitalise on the benefits of simplifying vehicle transactions for buyers and sellers.

Some of the core benefits of using

The Autocoin currency for buyers include:

Ability to purchase vehicles worldwide using The Autocoin
Significantly lower transaction fees – fast and easy payment without add-on bank charges.
Immediate settlement – no waiting period for transactions to mature (i.e.,instant availability).
Security against identity theft – no credit card or bank details being stored by third parties.
Anonymity – highly desirable for high bet worth individuals.
Release of crypto assets into the mainstream with minimal exposure and taxation issues.
The highest level of fraud prevention – thanks to the platform’s utilisation of blockchain technology, Autocoin has reduced the risks of counterfeits and chargebacks to zero.
Easy international payments unencumbered by protracted exchange rate considerations.
Significant choice of vehicles offered for sale via the website autocoincars.com

Some of the core benefits of using

The Autocoin currency for sellers include :

Free exposure of vehicles offered for sale worldwide via autocoincars.com
Significantly lower transaction fees – fast and easy payment without add-on bank charges.
Fast and easy transaction
No cost entry to accept The Autocoin as a payment solution
Lower transaction fees
Easy worldwide payment acceptance
Ability to retain The Autocoin in digital wallet for investment or other purchases or option to convert to fiat upon transaction completion
Team of expert support and advice staff available

Auto Coin and it’s use

Making transactions quicker, easier, and a lot safer

While the Auto Block cryptocurrency has a long list of compelling reasons why you should think about adapting it, here are some which are the most evident.

Significantly lower transaction fees – you pay with no add-on bank charges.
Security against Identity Theft.No credit card or bank details being stored by 3rd parties.
Easy International payments that do not require lengthy and protracted exchange rate considerations.
Very highest level of fraud prevention.TheAutoCoin utilises Block Chain technology and ensures that counterfeits and chargebacks are not possible.

Our Payment Card

Card balance in USD, EURO Fast and easy loan cash-inRepay your loanOur dedicated AutoCoin card will allow quick and easy secure transactions for not only car purchase but also repairs and maintenance, monthly leasing payments with a vision towards fuel and electric charging points.

How does it work

Our Eco-System At the heart of AutoBlock is our hybrid blockchain technology, utilizing the best of public and private blockchains. This will allow for the seamless transfer of vehicle data using smart contracts which forms the foundation of our fair vehicle valuations platform; purchasing a car through the portal, transferring the funds instantly and cashing out the proceeds in either fiat, crypto or both via our internal exchange.