Ferrari to accept cryptocurrency payments for luxury sports cars in the US Due to customer needs The automaker also plans to accept crypto payments in Europe.
followA Reuters report on October 14 saw Enrico Galliera, Ferrari’s chief marketing and commercial officer, confirm the brand’s intentions. Ferrari’s choice to accept cryptocurrency payments was driven by market demand and dealer requests. with many customers Including the new generation of investors who are experts in Crypto and have already invested in digital currencies.
Although Galliera did not specify how many cars Ferrari expects to sell via crypto payments, it is reported that the automaker’s order book is fully booked until 2025, with Ferrari aiming to test the market at This is expanding to connect with potential buyers beyond regular customers. The luxury car maker plans to introduce cryptocurrency payments in Europe by the first quarter of 2024, and expand to other crypto-friendly regions later.
For its initial stage in the US, Ferrari has reportedly partnered with BitPay, a major cryptocurrency payment processor. This partnership allows transactions to be made in Bitcoin ( BTC ), Ether ( ETH ) and USD Coin ( USDC )
Galliera confirmed that there will be no additional fees when using cryptocurrency, as BitPay instantly converts payments from cryptocurrency to fiat currency for Ferrari dealers, ensuring they are protected from currency price fluctuations. Cryptocurrency
refer cointelegraph
picture reuters
The post Ferrari Announces Preparation to Accept Crypto Payments in the United States After many customers requested it, appeared first on Bitcoin Addict.