Buy a supercar with Bitcoin! Ferrari will accept cryptocurrency payments in Europe

This site (120bTC.coM): According to Reuters, Italian supercar manufacturer Ferrari said on Wednesday that European customers will be able to use cryptocurrency to purchase supercars by the end of July.

To meet the needs of wealthy customers, Ferrari partnered with cryptocurrency payment service provider BitPay in October last year to take the lead in accepting customers to pay with Bitcoin, Ethereum and USDC in the United States. Now this service will be expanded to the European market at the end of the month , is expected to be further extended to other countries by the end of 2024.

It is reported that after receiving the customer’s cryptocurrency payment, BitPay will immediately convert the cryptocurrency into legal tender, providing Ferrari dealers with protection from price fluctuations, and will not charge customers additional fees or handling fees. .

Ferrari sales director Enrico Galliera pointed out last year that accepting cryptocurrency payments is mainly to cater to the requirements of the market and dealers, because many of Ferrari’s customers are cryptocurrency investors. He added: “Some of our customers are young investors. Some have built their wealth through cryptocurrencies; others are more traditional investors who simply want to diversify their portfolios.”

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