The Block Crypto News10 minutes ago

Published on July 24, 2024 11:11 GMT+00:00edited on July 24, 2024 11:14 GMT+00:00

Luxury sports car giant Ferrari is set to expand crypto payment options to its European dealer network this month following its U.S. launch.

The Italian firm will also extend the scheme to other dealers in its international network within countries where cryptocurrencies can be legally accepted, Reuters reported on Wednesday.

Ferrari initially rolled out crypto payment options for its cars in the U.S. in October and had intended to expand to Europe in the near future. The initial decision was made in response to requests from the market and dealers, with many of Ferrari’s clients invested in cryptocurrencies.

"The entry into the European market follows the successful launch of this alternative payment system in the United States less than a year ago, to support dealers in better …