Ferrari, one of the world’s leading sports car manufacturers, has the opportunity to make cryptocurrency payments for the purchase of its cars in the United States. Commenting on this to Reuters, the company’s chief marketing and commercial officer, Enrico Galliera, states that the immediate reason for this decision is the high demand of its customers.
Commentators have expressed different opinions regarding Ferrari’s decision to take such a decision against the backdrop of many major companies moving away from crypto-related payments. However, according to sources, it has been mentioned that Ferrari is working with BitPay for this process.
With this decision, Ferrari has not mentioned any details about the cars it hopes to sell, but it has been mentioned that almost all of its orders until 2025 have been completed. It is further stated that this crypto-related payment method is intended to be launched in Europe around the first quarter of 2024.
Also, what is special here is that there is no need to make any kind of additional payment while making payments using crypto. Also, in order to reduce the damage caused by the price change of crypto, it is stated that BitPay will convert crypto into fiat in the case of consumer purchases. It has also been mentioned that BitPay confirms the legitimacy of the money being paid.Similarly, an event in recent history is Elon Musk’s opportunity to use cryptocurrency to pay for his Tesla cars in 2021. However, these payments were later suspended due to various reasons.
sources : www.cnbc.com
