Can you purchase a vehicle with this digital coin? He founded ilBitcoin. S Auto Group is the first dealership in Ontario to accept Bitcoin as a legitimate form of payment for any of our quality used vehicles! Bitcoin is a form of digital currency that is produced in limited supply and owned by no one. Another way would be to actually pay in fiat currency, but supply the payment with cryptocurrencies , meaning that the buyer uses cryptocurrencies, while the seller receives fiat currency.