Ferrari to Roll Out Cryptocurrency Payment Solution in Europe

Ferrari announced that it will introduce its cryptocurrency payment system to European dealers by the end of July 2024. 

This follows the successful launch of crypto payments in the U.S. last year. Ferrari plans to extend this payment option to other international markets by the end of 2024. Where cryptocurrencies are legally accepted. 

The company is partnering with cryptocurrency payment firms to ensure transaction security, handle immediate conversions into traditional currency, and manage fund verification. Most European dealers have already adopted or are in the process of adopting this system, which will complement existing payment methods.

Clever Robot News Desk 26^th July 2024