Ferrari gears up for crypto payments in Europe after US

Ferrari to accept crypto as payments in Europe. The firm started in U.S last year and will extend to other countries by 2024.

Ferrari to accept crypto payments in Europe from the end of this month. The move comes after successful use in the US market.Cryptocurrencies continue to go mainstream with increased adoption by private entities and governments in equal measures. Over the years, crypto has experienced higher regulations and restrictions, making it difficult for individuals and businesses to adopt it as a payment method.The company reported that crypto use will start by the end of this month.

The firm explained that most of the European dealers have adopted these modes of payment, and others are working to adopt them.In October of 2023, the luxury car maker started accepting crypto in the USA. According to the carmaker, the US market had high demand from customers and dealerships, thus necessitating the move.

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