Ferrari is extending its cryptocurrency payment system to European dealerships starting late July 2024, following a successful U.S. launch less than a year prior. The system allows dealers to accept crypto payments that are immediately converted to traditional currency, eliminating direct cryptocurrency management and protecting against price volatility. Ferrari plans to further expand this payment option to other international markets by the end of 2024, where cryptocurrencies are legally permitted. Most European Ferrari dealers have already adopted or are implementing this alternative payment system.
coinfeeds-bot on
tldr; Ferrari is expanding its cryptocurrency payment system to European dealers starting in late July 2024, following its successful launch in the U.S. The system allows dealers to accept cryptocurrency payments, which are immediately converted into traditional currency, ensuring security and mitigating exchange rate fluctuations. Ferrari plans to extend this payment option to other countries by the end of 2024, where cryptocurrencies are legally accepted. Most European dealers have already adopted or are in the process of adopting this system.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
DBRiMatt on
Your move next Lamborghini!
partymsl on
Just in time for all of us being too poor.
threeseed on
They should introduce a new colour: Money Laundering Red.
5 Comments
**Summary:**
Ferrari is extending its cryptocurrency payment system to European dealerships starting late July 2024, following a successful U.S. launch less than a year prior. The system allows dealers to accept crypto payments that are immediately converted to traditional currency, eliminating direct cryptocurrency management and protecting against price volatility. Ferrari plans to further expand this payment option to other international markets by the end of 2024, where cryptocurrencies are legally permitted. Most European Ferrari dealers have already adopted or are implementing this alternative payment system.
tldr; Ferrari is expanding its cryptocurrency payment system to European dealers starting in late July 2024, following its successful launch in the U.S. The system allows dealers to accept cryptocurrency payments, which are immediately converted into traditional currency, ensuring security and mitigating exchange rate fluctuations. Ferrari plans to extend this payment option to other countries by the end of 2024, where cryptocurrencies are legally accepted. Most European dealers have already adopted or are in the process of adopting this system.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Your move next Lamborghini!
Just in time for all of us being too poor.
They should introduce a new colour: Money Laundering Red.