Ferrari to accept crypto payments in the U.S.

Ferrari has decided to support cryptocurrency payments for its sports cars in the United States in response to demand from younger investors who have wealth in cryptocurrencies. The company is partnering with BitPay for Bitcoin, Ethereum, and USDCoin transactions, and they plan to introduce cryptocurrency payments in Europe by the first quarter of 2024. Ferrari aims to attract potential buyers in the sports car market and will manage cryptocurrency legality, money laundering, and tax evasion without charging extra fees, as BitPay will instantly convert crypto to fiat currency to protect buyers from price fluctuations. Orders are already booked through 2025.

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