European Customers Can Now Buy Ferraris With Bitcoin, Ether, Or USDC ⋆ ZyCrypto
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Advertisement     Ferrari, the luxury Italian automaker, has announced plans to extend its crypto payments scheme to Europe following the massive success in the United States. The world’s leading luxury automotive brand currently allows Americans to purchase their luxury sports cars with Bitcoin and other cryptocurrencies in partnership with crypto-payment processor BitPay to handle the conversion from digital asset payments into local currency on behalf of Ferrari dealers. Ferrari To Roll Out Crypto Payments In Europe Ferrari is in the process of adding cryptocurrency as a payment method in Europe in response to demand from its wealthy customers. The Maranello, Italy-based luxury sports car manufacturer announced on July 24 that it will expand its crypto payment system to Europe from the end of this month “to support dealers in better addressing the evolving needs of its clients.” Notably, the majority of Ferrari’s European dealers have already integrated or are currently adopting the new payment feature, the company stated, adding that there are plans to expand this service to other regions worldwide by the end of 2024: Advertisement   “By the end of 2024, Ferrari will expand cryptocurrency transactions to other countries in its international dealer network, where cryptocurrencies are legally accepted.” Ferrari’s foray into the European market follows the successful launch of the crypto payment system in the United States in October 2023. The company partnered with BitPay to process transactions in Bitcoin (BTC), Ethereum (ETH), and stablecoin USD coin (USDC) in the initial rollout in the U.S. Ferrari Dealers To Receive Payments In Fiat It’s worth mentioning that Ferrari’s crypto payment system does not require dealers to handle cryptocurrencies directly. Customers’ cryptocurrencies will be immediately converted into fiat currencies and sent directly to their bank accounts. “The providers’ solutions will also allow for the verification of the source…
Filed under: News - @ July 26, 2024 5:14 am