You’ll need 70 bitcoin for a £350,000 Rolls – at today’s exchange rates.

Bitcoin – the digital currency that’s all the rage – is finding acceptance in the weirdest places. The volatile cryptocurrency, which peaked last December at nearly £15,000 a coin, is usable for all kinds of goods and services, like sending a dump truck full of poop to anyone. Odd, right? Well, now the Post Oak Motors dealership in Houston Texas will accept Bitcoin as payment for new Rolls-Royce models. This isn’t the first dealership to accept Bitcoin; however, it is the first Rolls-Royce dealership.

Bitcoin is everywhere

“The rising of Bitcoin sparked my interest,” Tilman Fertitta, owner of Post Oak Motors, told TheStreet. “Being a premier luxury car dealer, I always want to offer my customers the very best buying experience and this partnership will allow anyone around the world to purchase our vehicles faster and easier.”

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Currently, Bitcoin sits at £4,951 a coin, meaning you’ll need around 70 Bitcoins to buy a £350,000 Rolls. That number may fluctuate. Since Bitcoin hit its peak in December, the value has steadily declined, losing half its value from its nearly £15,000 less than two months later. Customers hoping to spend some hard-earned Bitcoin will have to use Bitcoin processor BitPay.

"We've noticed people prefer to make larger purchases with Bitcoin since it is a simple way to make payments," Sonny Singh, Chief Commercial Officer of BitPay, told the publication. "This partnership is timely with the increasing popularity of ultra-luxury vehicles. Post Oak Motors has a great reputation of selling the finest cars and we are thrilled to be partnering with Tilman." 

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Since the cryptocurrency debuted, people have used it to buy and sell a range of products. Last year, as the coin's value peaked, someone tried to sell their McLaren 720S on Craigslist for 25 Bitcoins, which then valued at about $420,000 (approx £324,000). Then earlier this year, a California dealership began accepting Bitcoin for Bugatti Chiron and Pagani Huayra purchases. 

If you have Bitcoin and you’re looking for a new car, you now have Rolls-Royce as an option. And you may want to do it soon, as the value of Bitcoin has dropped since Tuesday from £5,670 to £4,951. Buying a new Rolls two days ago could have saved you eight Bitcoin.