Osten Group, one of the country’s largest Venture Studio Capital, is innovating by offering electric cars for sale with cryptocurrency tracking in Brazil, joining the country’s new cryptocurrency law.
Through Osten Cripto, in partnership with Blockpliance, the company ensures the origin of the cryptocurrencies used for purchases and expects to earn R$100 million from the sale of new and used electric cars within two years.
New in Brazil, the company said Livecoins that the new option offers the best U.S. technology available to securely deliver digital resource tracking to Brazil’s AAA audience.
The company has hired the services of the North American organization Blockpliance, which analyzes all origins of cryptocurrencies and presents a risk score for the crypto that will be traded.
Now anyone who wants to own a new or second-hand electric car can make the purchase in a safe and simplified way.
According to the dealer, the number of Brazilians with this desire is expected to explode within two years; the data expects R$100 million, which only takes into account sales in cryptocurrencies.
New cryptocurrency law in Brazil encouraged dealers to release sales of electric cars with an innovative payment method
Osten Moove, in the segment of technological innovation, accelerations, open innovation and investments for startups, through Osten Cripto, is a pioneer in adapting to the Brazilian Regulation for Cryptocurrencies, New Law 14.478, of 2022, which establishes guidelines for granting virtual asset services and the regulation of providers.
The company took the lead with high-end technology from Blockpliance, a partner company that maintains digital resources and ensures suitability and security for operations in the Brazilian market.
This process gives Osten Moove the certainty that he knows the origin of the money and can gather more information about who is purchasing the vehicle. In addition, the company complies with Brazilian law designed to combat money laundering and suspicious companies in the digital environment.
Today, with the advent of artificial intelligence (AI), the service has gained flexibility and efficiency. Even with the large flow of data circulating on the Internet, it is possible to conduct a full investigation and know how many hands a particular bitcoin has passed through. Everything is done with the help of AI and the buyer’s score is determined within a few minutes.
For the Chief Inspector of Osten Group, Jorge Yamaniski Filho, the certainty of knowing where the car buyer’s money comes from is a guarantee of healthy processes and market growth, both for electric cars and for bitcoins.”In addition to analyzing the customer’s score to find out if the person has the ability to pay, we are able to know the origin of this capital to ensure that this crypto comes from reliable sources.“, he confides.
Tesla was the first American automaker to offer payments in Bitcoin
In recent years, purchasing vehicles with cryptocurrencies has gained enormous prominence, especially after Elon Musk’s Tesla accepted bitcoin as a means of payment.
Although it only took a few months for the practice to take effect, the market paid attention to the possibilities of the new payment method.
In Brazil, the initiative has gained increasing prominence as the country ranks in the TOP 10 in global cryptocurrency adoption.
Source: Live Coins

Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.