Last year Ferrarioffered its customers in the US the ability to pay with cryptocurrencies. The Italian auto giant announced that it will accept crypto payments in Europe from the end of this month. The company’s payment infrastructure will be expanded accordingly.

Ferrari partnered with Bitpay in its US operations and Bitcoin, ether and a crypto asset pegged to the US dollar. USDC It started accepting payments via. It seems that Ferrari is quite happy with the results of this partnership.

International payments will open by the end of the year

Ferrari worldwide payment system with cryptocurrency She expects this to be ready by the end of 2024. For this purpose, the company’s agreements and infrastructure works will continue.

For activities throughout Europe Ferrari It will collaborate with many companies, thus ensuring the security of payments. On the other hand, although Ferrari dealers accept payments in cryptocurrencies, they do not need to manage a crypto account, as these payments are immediately converted into traditional currencies.

Thanks to the verification of payment sources, the payments made will not be affected by fluctuations in crypto prices and will be traded at the value at the time the agreement was concluded. The activities of the Italian giant in Europe also Bitcoin, Ethereum and USDC It is estimated that it will accept payment via . Ferrari had previously stated that they took such a decision in line with the demand of their customers and that many of their customers have crypto investments.