What Cryptocurrencies Can Change About The Armoured Vehicle Industry In The Country

As a result of our rapidly changing world, the digital media is finding its way into all aspects of our daily lives. From our social presence expanded onto various platforms instead of physically interacting with people to creation of entire digital realms using virtual reality. Fascinating stuff, something not anyone in 1980s could imagine. However, the greatest impact is towards the financial sector. Forget online payments and stock trading, cryptocurrencies have become a cutting edge form of transaction that is slowly gaining mainstream traction. This is something that many armoured vehicle manufacturers have picked up on, slowly transforming their businesses from the inside out. Here’s something to keep in mind for those looking to get bulletproof luxury cars to ensure safe travels.

Let’s be honest, if someone is seeking to own an armoured Vellfire in India, they would probably like to do so away from as many prying eyes and ears as possible. Many manufacturers go to great lengths to ensure the privacy of their clientele. From manufacturing custom parts to keeping the actual armour records off the books, there is a lot of work that goes into ensuring that no one knows about the actual specifications of the vehicle. The use of cryptocurrencies add an extra layer to that level of protection. Let’s take a deep dive to find out.

What is cryptocurrency?

To understand how armoured vehicle manufacturers around the world are affected by this new financial structure, let’s first learn about it. Cryptocurrencies are not a new phenomenon. The first of these, Bitcoin, has been around since the mid 2000s. Back then, it was simply a digital safety deposit box that could store real world money securely with a unique login ID and password. Using blockchain technology, it is impossible to trace a transaction back to the original owner, as the key code require to access the funds is unique to each account. It has seen a recent boom with the skyrocketing prices of Bitcoin and other cryptocurrencies flooding the market.

How is cryptocurrency manufactured?

It is actually quite easy to digitally print cryptocurrency. You can do that yourself. The program to do that, Ethereum, is open source. You just a need a bit of know-how in programming and you, too, can have your own cryptocurrency in the market. Still, it needs to be understood that you need to have a server farm to keep the cryptocurrency ready for potential investors. As more and more people invest in your currency, you need to have a larger server to account for all the transactions. Since the currency is entirely digital, a server always needs to stay up to ensure its validity. It also makes it a volatile form of investment as if the servers goes down, so does all your money.

How does it relate to bulletproof luxury cars?

Many luxury and performance car manufacturers have already started to accept various cryptocurrencies as a form of payment for their services. These include Ferrari, Lamborghini, Aston Martin, Bugatti, among various others. Since the transactions are completely secure and there is little to no hassle in exchange. There is no tax on transaction if done without any brokerage which makes it a joy to use for those looking to write off expensive purchases. This translates to personal armoured vehicles really well, as there is no leak of financial information and all the armouring fitments can be done really low key.

In conclusion, cryptocurrency opens up a lot of new opportunities for armoured vehicles. So, the next time you are looking to retrofit an armoured Vellfire in India, it might be a good idea to ask around and see which manufacturer accepts cryptocurrency. JCBL Armouring Solutions a potentially great option. Not only will they assist in making your car safer but also take care of all the paperwork such as warranty and insurance along the way.

We are a leading armoured vehicle manufacturer in India with a team of over 25 years’ experience in engineering, designing, prototyping and manufacturing of armoured cars and vehicles for government, military and civilians.