Texas-based gun company, Tracking Point, has reportedly announced that it is now allowing customers to buy firearms using bitcoin.
TrackingPoint Vice President Oren Schauble said that buyers would be required to undergo background checks before purchasing any firearms.
The rifles are priced beginning at 9,995 dollars which would cost around 22 bitcoins, based off the current exchange rate.
According to Fox News, the Austin company is collaborating with payment processor Coinvoice to carry out bitcoin transactions.
TrackingPoint CEO John Lupher said in a press release that the recent advent and success of cryptocurrency has the potential to redefine the company's monetary system.
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