Ethereum

Cryptocurrency

Coin

Ferrari will expand its cryptocurrency payment options to its European dealer network by the end of July, according to a&nbsp;<a style="text-decoration:none" href="https://www.ferrari.com/en-EN/corporate/articles/ferrari-extends-cryptocurrency-payments-to-european-dealers" rel="noopener noreferrer nofollow">July 24 announcement</a>. This move follows a successful launch of the payment system in the U.S., where it has received a positive reception from customers.
Ferrari’s initiative to extend crypto payments reportedly comes as part of its broader strategy to meet the evolving preferences of its customer base. The Italian automaker has confirmed that most of its European dealers have either adopted or are in the process of adopting the new payment system.&nbsp;
&nbsp;
This rollout is expected to include a wider network of international dealers by the end of 2024, in regions where cryptocurrencies are legally accepted.
<h2 dir="ltr" id="span-span-positive-reception-in-the-u-s-span-span">Positive Reception in the U.S.</h2>
The decision to broaden its crypto payment options stems from the&nbsp;<a style="text-decoration:none" href="https://www.reuters.com/technology/biden-eyes-adding-ai-chip-curbs-chinese-companies-abroad-2023-10-13/" rel="noopener noreferrer nofollow">favorable response</a> received in the U.S. Since the introduction of the system in late 2023, Ferrari has accepted Bitcoin, Ethereum (ETH), and USD Coin (USDC) through its partnership with BitPay.&nbsp;
&nbsp;
The company noted that while it accepts these digital assets, it does not hold them. Instead, cryptocurrencies are automatically converted into fiat currencies during the transaction process, eliminating the need for dealers to manage digital currencies directly.
<h2 dir="ltr" id="span-span-international-rollout-span-span">International Rollout</h2>
In addition to its European expansion, Ferrari plans to introduce its crypto payment options to other regions where digital currencies are legally recognized by the end of the year.&nbsp;
&nbsp;
The choice of crypto payment processors in Europe and other regions will depend on Ferrari's cryptocurrency payment system. The company has yet to disclose specific details regarding its partners for these new markets.&nbsp;

Ferrari to Extend Cryptocurrency Payments to Europe by July End

قائمة المحتويات

BSCN

المزيد من المقالات نُشرت في ٢٦ يوليو ٢٠٢٤

Has CrowdStrike’s Stock Bottomed Out After the Global IT Outage Selloff?

Bitcoin Lobbying Group Warns UK Not To Sell Its 61,000 BTC Token

What is Duko Memecoin?

Semler Scientific To Acquire More Bitcoin (BTC) With Stock Sales

Economist Peter Schiff Criticizes Michael Saylor’s Bitcoin Advocacy

Twitter Removes Bitcoin Hashtag, Prompting Speculation on Crypto Stance

انضم إلى مجلتنا الإخبارية المجانية لآخر تحديثات مجال العملات المشفرة يوميًا.