Ferrari Accepts Bitcoin: Here's the Information Leaked!

Bittime - Ferrari, an Italian luxury car manufacturer, will start accepting payments using cryptocurrency in Europe. The move follows a similar implementation in the United States last year. By accepting Bitcoin, Ferrari seeks to meet the growing needs of customers in the digital era.

Ferrari Will DieCryptocurrency conversion to Fiat Currency

Payments using cryptocurrency accepted by Ferrari will be immediately converted into fiat currency. Ferrari will work with an unnamed crypto payment service provider company to facilitate this process. "This solution will make it easier for dealers to accept payments without having to manage cryptocurrency directly," said Ferrari. In addition, this system will also verify the source of funds and protect transactions from exchange rate price fluctuations.

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Ferrari Planning to Do Launch of Crypto Payments in Other Countries

Ferrari plans to expand crypto payment options to other countries in their dealer network, where crypto payments are legal, by the end of this year. This step is Ferrari's strategy to respond to increasing global interest in the use of cryptocurrency as a payment method.

Ferrari Do Collaboration with BitPay in the United States

In October last year, Ferrari began accepting crypto payments in the United States, including Bitcoin (BTC), Ethereum (ETH), and stablecoin USDC. Ferrari is working with BitPay, a crypto payment service provider, to convert digital assets into fiat currency for Ferrari dealers in the US. The move is an expansion of the crypto payments approach already in place in the US.

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Ferrari Reaching Young Investors with Cryptocurrency

Ferrari's Chief Marketing and Commercial Officer, Enrico Galliera, stated that this move was taken to attract "young investors who have built their wealth with cryptocurrencies." 

Galliera added, "This will help us connect with individuals who may not be our current customers, but have the potential to purchase a Ferrari."

Crypto Payments Become New Trends in Automotive Industry

Ferrari follows in the footsteps of other automakers that have added crypto payment options, including Lamborghini. Some individual dealers from manufacturers such as Nissan and BMW also accept payments in cryptocurrency. Tesla, for example, is one well-known company that has accepted Bitcoin payments since March 2021, although this initiative only lasted a short time. 

In October of the same year, Tesla stopped accepting Bitcoin due to "increased use of fossil fuels for Bitcoin mining and transactions," according to CEO Elon Musk.

Impact of Ferrari's Acceptance of Bitcoin

Ferrari's move to accept crypto payments shows its commitment to adapting to the latest trends in the world of digital payments. This not only offers more flexibility for customers, but also helps Ferrari create closer connections with the crypto investor community. With the launch in Europe and plans to expand to other countries, Ferrari continues to innovate to support a more modern and inclusive payments ecosystem.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.