Ferrari is set to extend its cryptocurrency payment system to its European dealer network by the end of July. By late 2024, Ferrari plans to expand cryptocurrency transactions to other countries in its international dealer network, provided cryptocurrencies are legally accepted there. Also read: Ferrari SF90 Stradale Flips, Occupants UnharmedFerrari is collaborating with various cryptocurrency payment companies to ensure transaction security. These solutions will allow dealers to accept payments without managing cryptocurrencies directly, as they will be instantly converted into traditional currency. Currently, most of Ferrari's European dealers have either adopted or are in the process of adopting this new payment system alongside traditional methods.

Source: New York Times July 24, 2024 14:35 UTC