Ferrari to Expand Crypto Payment Acceptance to European Dealers

Luxury sports car manufacturer Ferrari has announced that it will be expanding its scheme of accepting crypto payments to European dealers’ networks by the end of this month. After success in its American dealerships, Ferrari plans to expand this service to other regions worldwide. However, they would limit accepting crypto payments in countries where digital assets are legally permissible. Under the new arrangement, Bitpay will instantly convert cryptocurrency payments into traditional currency for Ferrari’s dealers, protecting them from price fluctuations and waiving fees or surcharges for customers.