Ferrari to expand its cryptocurrency payment service to Europe by the end of July
Ferrari will expand its cryptocurrency payment services to Europe by the end of July. The luxury sports car manufacturer, based in Maranello, Italy, began accepting cryptocurrencies in the United States in October last year through a partnership with BitPay. Accepted tokens include Bitcoin, Ethereum, and USDC. Reuters cited a statement from Ferrari stating that the company is currently expanding the plan to Europe "to better meet the changing needs of customers." The company plans to expand this service to other markets by the end of 2024.
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