KEEP YOUR CRYPTO WALLETS READY: AS THE FIRST AUSTRIAN AUCTION HOUSE, TIBERIUS AUCTIONS NOW ACCEPTS CRYPTOCURRENCIES AS FORM OF PAYMENT

Reading Time: 2 minutes ;  Published: 2 months ago on March 30, 2022

On March 29 and 30 at the 5th auction of Tiberius Auctions, we will experience a shift in the European auctioning business. For the first time, seven cryptocurrencies will be accepted as standard means of payment for artworks and antiques, next to conventional Euro payments. Through the integration of the future-oriented crypto payment service of SALAMANTEX, Tiberius Auctions is now pioneering a new payment option and can therefore reach a more international and digitally-savvy customer base. Tiberius Auctions is the first European auction house to offer this modern way of payment in the European art market, satisfying a need from its international audience.

Payment as easy as in Euro

With the Austrian FinTech expert SALAMANTEX, the auction house selected a strategic partner to future-proof its payment services. Payment is as easy and fast as in conventional Euro: the buyer confirms the real-time exchange rate of the chosen cryptocurrency by scanning the QR code with a camera-enabled smartphone wallet. Currently, the software enables payments in Bitcoin, Ethereum, Litecoin, Dash, Ripple, Stellar, and Nimiq. The auction house has the choice to receive the cryptocurrency or the purchase amount in Euro, to be protected from the volatility risk of cryptocurrencies.

About Tiberius Auctions

Vienna-based Tiberius Auctions organizes auctions of objects reaching from antiques to modern artworks several times a year. Its area of expertise goes from art from the Middle Age to ancient masters to the 19th century up to classics of the Modern Age. Sculptures of all eras as well as antiques sourced from the entire world are part of the portfolio, too. The auction house radiances long-lasting expertise and is perfectly connected with global museums, collectors, and public organisations. As innovative global player with experience and flexibility at its core, Tiberius Auctions is well-positioned to serve the needs of today’s art market.

About SALAMANTEX

SALAMANTEX is an Austrian FinTech company pioneering a new era of payment with digital assets. With smart, trusted, and secure software solutions, SALAMANTEX enables merchants to accept cryptocurrencies, loyalty points, and other digital or tokenized items as alternative forms of payment for both in-store payments and e-commerce.

Source: https://salamantex.medium.com/keep-your-crypto-wallets-ready-as-the-first-austrian-auction-house-tiberius-auctions-now-accepts-60ac5b3951cb