#RefreshFriday CRYPTO! ..and why should a dealer consider using it? | Ben Hadley

[Jeff Kershner]

It's RefreshFriday | @BenHadley has his hands in just about everything and one of those things is how dealers can easily accept cryptocurrency as a payment form for vehicle purchases, down-payments, service & parts, etc.

We are going to spend most of this show talking about WHY. Why should anyone care about crypto and actually put it into business practice?

This is going to be a touchy subject for some. Ben, Alex, and I have spent some time down the "Creature from Jekyll Island" rabbit hole. We have a lot to say on the future of our currencies, and we fully anticipate this show being put in the looney

category box for some of you.

You've been warned.

Join us LIVE on Facebook, LinkedIn, or YouTube Friday at 1PM
https://www.facebook.com/dealerrefresh
https://www.linkedin.com/company/dealerrefresh
https://www.youtube.com/dealerrefresh

*BTW - Check out his weeks RefreshFriday Sponsor ➡️ ActivEngage - https://dlrfr.sh/397nsFp

 

[Jeff Kershner]

CRYPTO!! This one may get interesting.

 

[ChrisR]

Thanks to Ben, I'm staking TIME & making HUGE APY.

 

[BenHadley]

Super fun to jam out on this! Happy to answer questions!

 

[Alex Snyder]

Thanks to Ben, I'm staking TIME & making HUGE APY.

Everyone else - hurry up before the next Fed meeting in mid-March! Rates may change.

 

[Jeff Kershner]

Posted the recording up there in the original post as well.

Thanks again @BenHadley for joining us. Looking forward to having you on again!

 

[concerttim]

I assure you that cryptocurrency payment will soon become mandatory for all types of businesses.

 

[concerttim]

I assure you that cryptocurrency payment will soon become mandatory for all types of businesses.

 

[Ryan Everson]

If I were to pitch accepting crypto to our dealership group, these would probably be their biggest pushback items based on their pre-conceived perceptions (if they even know what it is)

1. There are not very many crypto people out there
2. Do we even have the type of inventory a crypto buyer would want?
3. How am I going to train all of our f&i managers on this?
4. Crypto buyers are techy and probably wouldn't buy any backend products
5. Would we get enough business to justify the monthly fee and training required?
6. I heard crypto was dying on the news

 

[Ryan Everson]

If I were to pitch accepting crypto to our dealership group, these would probably be their biggest pushback items based on their pre-conceived perceptions (if they even know what it is)

1. There are not very many crypto people out there
2. Do we even have the type of inventory a crypto buyer would want?
3. How am I going to train all of our f&i managers on this?
4. Crypto buyers are techy and probably wouldn't buy any backend products
5. Would we get enough business to justify the monthly fee and training required?
6. I heard crypto was dying on the news