Ferrari Expands Cryptocurrency Payment Option to European Merchants by End of July 2024
- WBOYOriginal
- 2024-07-25 14:28:241021browse
Following CNF's earlier update that Ferrari is accepting Bitcoin, Ripple (XRP), and other cryptocurrencies as payment for its cars, it is now reported that Ferrari will expand its cryptocurrency payment option to European dealers by the end of July 2024.
Following CNF’s earlier update on Ferrari accepting Bitcoin, Ripple (XRP) and other cryptocurrencies as payment for its cars, it’s now being reported that Ferrari will be expanding its cryptocurrency payment option to European dealers by the end of July 2024.
Following CNF’s earlier update on Ferrari accepting Bitcoin, Ripple (XRP) and other cryptocurrencies as payment for its cars, it’s now being reported that Ferrari will be expanding its cryptocurrency payment option to European dealers by the end of July 2024.
Most European dealers are already or in the process of rolling out the new payment system. The use of cryptocurrencies is being hindered by regulatory concerns and high energy consumption, with some countries like China placing restrictions on the matter. Moreover, in the U.S., Ferrari used BitPay to handle transactions in Bitcoin, Ether and USDC, and it also converted crypto payments into the traditional currency to avoid volatility and additional costs.
Most European dealers are already or in the process of rolling out the new payment system. The use of cryptocurrencies is being hindered by regulatory concerns and high energy consumption, with some countries like China placing restrictions on the matter. Moreover, in the U.S., Ferrari used BitPay to handle transactions in Bitcoin, Ether and USDC, and it also converted crypto payments into the traditional currency to avoid volatility and additional costs.
However, Ferrari has yet to announce which payment processors will be used in Europe and other regions. In his recent tweet, Collin Brown posed a question to the community, asking if they’re ready to buy a Ferrari with Bitcoin or XRP.
However, Ferrari has yet to announce which payment processors will be used in Europe and other regions. In his recent tweet, Collin Brown posed a question to the community, asking if they’re ready to buy a Ferrari with Bitcoin or XRP.
?? #Ferrari now accepts cryptocurrency payments in Europe! After a successful US launch, the luxury car maker extends crypto payments to its European dealerships. Ready to buy a Ferrari with #Bitcoin or #XRP? ?https://t.co/nZeeDwK0iv pic.twitter.com/Ag31HSKg2g
?? #Ferrari now accepts cryptocurrency payments in Europe! After a successful US launch, the luxury car maker extends crypto payments to its European dealerships. Ready to buy a Ferrari with #Bitcoin or #XRP? ?https://t.co/nZeeDwK0iv pic.twitter.com/Ag31HSKg2g
— Collin Brown (@CollinBrownXRP) July 24, 2024
— Collin Brown (@CollinBrownXRP) July 24, 2024
Brown’s tweet about Ferrari now accepting crypto payments in Europe after a successful U.S. launch echoes CNF’s earlier highlights on Ferrari accepting Bitcoin, Ripple (XRP) and other cryptocurrencies as payment for its cars.
Brown’s tweet about Ferrari now accepting crypto payments in Europe after a successful U.S. launch echoes CNF’s earlier highlights on Ferrari accepting Bitcoin, Ripple (XRP) and other cryptocurrencies as payment for its cars.
The payment system was first introduced in the U.S. last year, as covered in our previous post on Ferrari accepting cryptocurrencies. We posted about whether this will drive XRP price up in 2024. According to CoinMarketCap, Ripple (XRP) is currently trading at $0.6057, up 0.20% over the last 24 hours and down 0.30% over the past week. See the live XRP price chart below.
The payment system was first introduced in the U.S. last year, as covered in our previous post on Ferrari accepting cryptocurrencies. We posted about whether this will drive XRP price up in 2024. According to CoinMarketCap, Ripple (XRP) is currently trading at $0.6057, up 0.20% over the last 24 hours and down 0.30% over the past week. See the live XRP price chart below.
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