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U.S. Recreational Vehicle (RV) heavyweight Camping World Holdings Inc. announces a partnership with BitPay in a move to start accepting Bitcoin payments. However, the company will immediately convert the Bitcoin to fiat currency via the crypto processing service. Cryptocurrency adoption finally gets its roots into institutions with the latest addition to the growing list, Camping World Holdings, America’s largest recreational vehicle (RV) company. The RV Dealer announced a partnership with BitPay in a move that allows clients and customers to make RV purchases using cryptocurrencies. Announced on Monday, Camping World will accept Bitcoin (BTC), Ethereum (ETH), and a host of other top cryptocurrencies in a bid to boost innovation across the firm. Through the partnership with BitPay, the RV firm aims to attract new customers and provide maximum convenience for their existing customers through various payment methods. The release reads,
“The initiative is part of the Company’s renewed focus on accelerating innovation in the RV marketplace.”The company, however, does not plan to hold any crypto o its balance sheet; hence every crypto purchase will be immediately converted to fiat via BitPay. Speaking on the launch of crypto payments and partnership with BitPay, Marcus Lemonis, CEO and Chairman of Camping World, said,
“As the industry leader, we have a responsibility to adapt to new preferences and elevate the customer experience, whether through the products and services we offer or in the ways we interact and transact with the customer. Accepting cryptocurrency is simply another part of our vision to make RVing easy in an increasingly digital world.”At launch, the service will be available to Chicago, IL, and Kenosha, WI, with the company set to expand to other regions this summer. This partnership will further fasten the company’s goal of having a “paperless experience” to users while buying an RV, the report reads.