Ferrari will also accept cryptocurrencies in Europe

Ferrari will also accept cryptocurrencies in Europe

The Italian brand already did this in the US. It announced that it will expand cryptocurrency transactions to other countries where they are legally accepted.

To date, most European Ferrari dealers have already joined or are in the process of joining the new payment system.

Reuters

The brand Ferrari announced that buyers in Europe will be able to purchase their cars with cryptocurrencies, as is already the case in the USA.

Europe follows the path of the United Stateswhere Ferrari first introduced this alternative payment system about a year ago to help dealers meet the new needs of their customers.

By the end of 2024, Ferrari will also expand cryptocurrency transactions to other countries in its international dealer network where they are legally accepted.

Ferrari is collaborating with several companies active in the world of cryptocurrency payments, which guarantee the security of transactions. Thanks to the solutions adopted, dealers will be able to accept payments without having to manage cryptocurrencies, as they will be immediately converted into traditional currencies.

Solutions from these providers will also enable verification of the origin of funds and protect transactions from exchange rate-related price fluctuations.

To date, most European Ferrari dealers have already joined or are in the process of joining the new payment system.

Source: Ambito

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