Supercar Rental Company Classic Parade Launches UK’s First Cryptocurrency Payment Service

Supercar Rental Company Classic Parade Launches UK’s First Cryptocurrency Payment Service

One of the UK’s leading supercar hire companies has just launched a cryptocurrency payment system to rent the world’s most impressive supercars.

LONDON, Feb. 21, 2023 (GLOBE NEWSWIRE) — One of the UK’s leading supercar hire companies has just launched a cryptocurrency payment system to rent the world’s most impressive supercars. Customers can now choose to pay to for selection of over 100 supercars from 28 luxury marques in Bitcoin or Ethereum cryptocurrency as well as in Pound Sterling. One of the cars available at their showrooms in London, Manchester and Edinburgh, is the £2.4m Bugatti Chiron, which costs £200,000 a day to rent, or 220.75 ETH, or 11.696 BTC.

Classic Parade founder and owner Andrew Brown said: “Our clientele are international and want to be able to pay to rent our supercars without the hassle and cost of exchange rates and transfer fees. “Many of our clientele have significant holdings in cryptocurrency and so it makes sense to offer this option for them. The transactions are immediate, and we can also take the deposits in crypto as well, and then it’s easy to return the deposit after the rental has expired as well.”

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Crypto payments are made to Classic Parade’s secure wallet and all necessary steps are taken to ensure the safety of the financial transfers. Once the funds have transferred and the rental agreements are signed the supercar is either collected or delivered to the customers address in the UK.

Andrew Brown added: “We have to go through the usual identity checks needed to hire a vehicle, but these are easy to process, and it becomes much easier with every repeat transaction. “This way we can also provide adequate “know your customer” checks.” One of Classic Parade’s most popular cars for summer rentals is the Lamborghini Huracan Spyder which costs £1,100 a day to rent, or 1.21 ETH or 0.064 BTC. Andrew Brown said: “We are expecting a great deal of interest from crypto investors in the next few months to rent out our incredible supercars. Many investors are relatively young and want to show their wealth and so the interest in supercars is very strong for this market.”

You can see the full range of supercars and their prices at https://www.classicparade.co.uk

Media contact details:

James Goble, Classic Parade
+44 (0) 333 355 3595
rent@classicparade.co.uk

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/49b34c75-e25e-4725-bd2c-0b83c37cfe83

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Jill Biden to Visit Africa for First Time as First Lady

Jill Biden left Tuesday for her first visit to Africa as U.S. first lady, with plans to stop in Namibia and Kenya, the White House said.

Biden will focus on women’s empowerment, children’s issues and food insecurity that has ravaged parts of the continent. She will be the first White House official to visit Africa this year, after U.S. President Joe Biden announced a new strategy regarding the continent and pledged high-level visits.

“Dr. Biden’s trip builds on last year’s U.S.- Africa Leaders summit and as another demonstration of President Biden’s commitment that the United States is all in on Africa and all in with Africa,” Judd Devermont, senior director for African Affairs at the National Security Council, told reporters Tuesday morning.

“…The U.S. strategy towards sub-Saharan Africa, which we released last August, starts with the conviction that Africa is critical to critical to advancing our shared global priorities,” Devermont added. “We believe that we are in the early years of a decisive decade which will determine the rules of the road on a host of vital issues from trade and economics, cybersecurity and technology.”

With this visit, Jill Biden also becomes the first U.S. first lady to visit Namibia since the southwest African nation gained independence in 1990.

“Putin tried to starve the world, blocking the ports of the Black Sea to stop Ukraine from exporting its grain, exacerbating a global food crisis that hit the developing nations of Africa especially hard,” said President Joe Biden. “Instead, the United States and the G-7, and partners around the world answered the call with historic commitments to address the crisis and to bolster global food supplies. And this week my wife, Jill Biden, is traveling to Africa to help bring attention to this critical issue.”

In addition to focusing on women and children, the first lady will also draw attention to the dire food insecurity that is once again gnawing at East Africa.

“In Kenya, Dr. Biden will very specifically draw attention to the food security crisis impacting the Horn of Africa, which is noted as the worst drought that this region has experienced in decades,” said NSC spokesperson Becky Farmer. “Over 20 million people are increasing experiencing acute food insecurity with many more at risk of increased hunger over the last year.”

President Biden highlighted the situation in December when he announced a large humanitarian aid package at a summit that brought African leaders to Washington.

The Biden administration has been seen as trying to woo Africa to support Ukraine over Russia, recently dispatching Treasury Secretary Janet Yellen to Senegal, Zambia and South Africa.

Meanwhile, Russia’s foreign minister has visited multiple nations that have historic or ideological ties to Russia or the former Soviet Union, such as Mali, Sudan and Angola.

China sent its new foreign minister to Africa for his maiden voyage — a sign of that nation’s deep interest in the continent.

Warm receptions are the norm

Presidential-spouse visits often provide a contrast to the strategic, muscular approach of the presidency — partly because, as Biden herself points out, she has no executive authority and no mandate from American voters.

“I wasn’t elected — but I had a part to play,” she said in December, at a gathering of spouses of African leaders. “As spouses, we serve the people of our countries, too. Don’t we? We see their hearts and hopes. We witness the small miracles of compassion and generosity between neighbors. We know what can happen when communities come together—how much can change when we work towards a cause that’s bigger than ourselves.”

U.S. first ladies are generally well-received on the African continent, said Katherine Jellison, a professor of U.S. women’s history and gender history at Ohio University — maybe because they have an advantage over the president.

“There’s just going to be warmer feelings toward a nonpolitician who’s visiting than a politician, because there may be strings attached,” she said.

U.S. first lady Laura Bush was well-received during her multiple visits to the continent, where she promoted the Bush administration’s HIV and malaria initiatives and attended the inauguration of the continent’s first female president, Liberia’s Ellen Johnson Sirleaf, in 2006.

And for first Black first lady, Michelle Obama, her trips to the continent were fraught with deep significance. She also used her platform to push for girls’ education.

And then there was first lady Melania Trump, whose 2018 visit to Ghana, Malawi, Kenya and Egypt boiled down to one, highly examined fashion choice.

For a safari in Nairobi National Park, the former model donned headgear that, for many Africans, evoked the continent’s painful history.

“She wore a pith helmet and looked like she was out of some movie about colonial-era Africa and so that didn’t go over well,” Jellison said. “And instead, the visual images very much played up the idea of Western colonization of Africa — absolutely the opposite of Michelle Obama, the daughter of Africa returning.”

Jill Biden visited Africa five times as second lady, highlighting the plight of the powerless. In 2011, when visiting the continent’s largest refugee camp at Dadaab in Kenya, she made an earnest plea, one she is likely to repeat on this trip as the region again descends into crisis.

“Mothers are bringing their children from Somalia, walking sometimes 15, 20, 25 days and they lose their children along the way, the children die,” she said. “So what I’m asking is for Americans just to be, maybe reach out and help and because the situation here is dire.”

Source: Voice of America

African Union vows ‘zero tolerance’ to undemocratic change

ADDIS ABABA— The African Union insisted it had “zero tolerance” for undemocratic changes of power and vowed to push through a continent-wide free trade deal as it wrapped up a two-day summit.

Leaders of the 55-nation bloc met in the Ethiopian capital Addis Ababa to discuss a slew of challenges facing the continent, including coups, conflict and climate change.

On the final day of the summit on Sunday, the AU said it was maintaining its suspension of four countries — Burkina Faso, Guinea, Mali and Sudan — which have been ruled by military leaders following coups.

“The assembly reaffirmed zero tolerance against unconstitutional change (of government),” said its Commissioner for Political Affairs, Peace and Security, Bankole Adeoye.

“The Commission is ready to support these member states to return to constitutional order, the idea is that democracy must take root and must be promoted and protected,” he told a news conference.

“It is necessary to re-emphasise that the AU remains intolerant to any undemocratic means to political power.”

At the end of the summit, the bloc’s new chairman, Comoros President Azali Assoumani, said the leaders had agreed to accelerate the implementation of a faltering trade deal launched in 2020.

The African Continental Free Trade Agreement (AfCFTA) is billed as the biggest in the world in terms of population, gathering 54 out of 55 countries on a continent with 1.4 billion people, with Eritrea the only holdout.

“I shall leave no stone unturned to ensure that this becomes a reality,” Assoumani said.

African nations currently trade only about 15 percent of their goods and services with each other. The AfCFTA aims to boost that by 60 percent by 2034 by eliminating almost all tariffs.

But implementation has fallen well short of that goal, running into hurdles including disagreements over tariff reductions and border closures caused by the Covid-19 pandemic.

AU Commission chief Moussa Faki Mahamat said the deal was “strategic” for the continent but warned that the infrastructure to allow for its success was still lacking, highlighting that 600 million Africans did not have access to electricity.

On Saturday, UN chief Antonio Guterres said that among its many challenges, Africa was facing a “dysfunctional and unfair global financial system” that denied many countries the debt relief and concessional financing they need and charged them “extortionate” interest rates.

On the sidelines of the AU meeting, the regional Economic Community of West African States (ECOWAS) bloc also said it had maintained sanctions on the three Sahel countries.

“The Authority of Heads of State and Governments decided to maintain the existing sanctions on all three countries,” the bloc said in a statement signed on Saturday but shared on Sunday.

ECOWAS has also decided to impose travel bans on government officials and senior leaders in those countries, it added.

Fearing contagion in a region notorious for military takeovers, ECOWAS imposed tough trade and economic sanctions against Mali, but lesser punishments against Guinea and Burkina Faso.

All three countries are under pressure by ECOWAS to return swiftly to civilian rule by 2024 for Mali and Burkina and a year later for Guinea.

Juntas seized power in Mali and Burkina Faso amid anger at the military over the toll from an insurgency that has claimed thousands of lives and forced millions from their homes.

The coup in Guinea had different causes, being rooted in public anger against then president Alpha Conde over a lurch towards authoritarianism.

Sudan has been gripped by deepening political and economic turmoil since the coup led by army chief Abdel Fattah al-Burhan in 2021 that derailed a short-lived transition to civilian rule following the ouster of Omar al-Bashir in 2019.

In an address to the summit on Saturday, Faki said the pan-African bloc needed to look at new strategies to counter the backsliding of democracy.

“Sanctions imposed on member states following unconstitutional changes of government… do not seem to produce the expected results,” he said.

“It seems necessary to reconsider the system of resistance to the unconstitutional changes in order to make it more effective.”

Source: NAM NEWS NETWORK