{"id":557198,"date":"2024-07-25T07:06:58","date_gmt":"2024-07-25T07:06:58","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=557198"},"modified":"2024-07-25T13:57:37","modified_gmt":"2024-07-25T13:57:37","slug":"ferrari-rolls-out-crypto-payments-in-europe-after-us-success","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ferrari-rolls-out-crypto-payments-in-europe-after-us-success","title":{"rendered":"Ferrari Rolls Out Crypto Payments In Europe After US Success\u00a0"},"content":{"rendered":"<p>Ferrari has unveiled plans to enable cryptocurrency payments in Europe, barely a year after launching a similar offering in the US.<\/p>\n<p>The Italian car manufacturer also plans to roll out crypto payments to other countries where crypto is accepted by the end of 2024, it said in a <a href=\"https:\/\/www.ferrari.com\/en-EN\/corporate\/articles\/ferrari-extends-cryptocurrency-payments-to-european-dealers\" target=\"_blank\" rel=\"nofollow noopener\">statement<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: &#127466;&#127482; Ferrari to accept <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> and crypto payments in Europe after successful launch in the U.S. <a href=\"https:\/\/t.co\/ecc7koCoah\">pic.twitter.com\/ecc7koCoah<\/a><\/p>\n<p>&mdash; Radar&#128680; (@RadarHits) <a href=\"https:\/\/twitter.com\/RadarHits\/status\/1816076683016909145?ref_src=twsrc%5Etfw\">July 24, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The car manufacturer plans to leverage the expertise of crypto companies to facilitate such transactions. Crypto payments will be automatically converted to fiat to protect dealers from the volatility risks of managing crypto directly, it said.<\/p>\n<p>Ferrari <a href=\"https:\/\/bitpay.com\/blog\/ferrari-now-accepts-crypto-payments-via-bitpay\/\" target=\"_blank\" rel=\"nofollow noopener\">partnered with BitPay<\/a> to process crypto payments in the US, where it allows crypto purchases using Bitcoin (BTC), Ether (ETH), and Circle&rsquo;s USDC stablecoin (USDC).<\/p>\n<p>Ferrari pointed out that making crypto payments available to dealers will address diverse client needs. Requests from wealthy customers in the US ignited the car manufacturer&rsquo;s journey into accepting crypto payments.<\/p>\n<p>Most Ferrari dealers across Europe already have a crypto-payment system in place or are working on them, it said.<\/p>\n<h2>Automotive Brands Push Into Crypto<\/h2>\n<p>Ferrari is not the first automotive brand to venture into crypto.&nbsp;Electric vehicle company Tesla already accepts payments in <a href=\"https:\/\/insidebitcoins.com\/news\/doge-price-surge-following-teslas-adoption-of-dogecoin-as-a-payment-option\" target=\"_blank\" rel=\"nofollow noopener\">Dogecoin<\/a> (DOGE) for select products on its website. The car manufacturer also holds Bitcoin.<\/p>\n<p>Automotive giant Toyota is also exploring blockchain technology. Last week, Toyota Blockchain Lab <a href=\"https:\/\/www.toyota-blockchain-lab.org\/library\/how-to-introduce-mobility-into-the-public-blockchain\" target=\"_blank\" rel=\"nofollow noopener\">proposed<\/a>&nbsp;having public blockchain accounts for car owners.<\/p>\n<h3>Also Read:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-as-kamala-harris-snubs-trump-showdown-at-bitcoin-2024-conference-in-nashville-and-traders-pivot-to-99btc-with-time-running-out\">Bitcoin Price Prediction As Kamala Harris Snubs Trump Showdown At Bitcoin 2024 Conference In Nashville, And Traders Pivot To 99BTC With Time Running Out<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/ethereum-price-plunges-8-as-eth-etf-outflows-hit-113m-led-by-grayscale-and-investors-flock-to-this-base-meme-coin-for-100x-potential\">Ethereum Price Plunges 8% As ETH ETF Outflows Hit $113M, Led By Grayscale, And Investors Flock To This Base Meme Coin For 100X Potential<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/kamala-harris-ducks-crypto-showdown-with-donald-trump-at-bitcoin-2024-conference-in-nashville\">Kamala Harris Ducks Crypto Showdown With Donald Trump At Bitcoin 2024 Conference In Nashville<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">PlayDoge (PLAY) - Newest ICO On BNB Chain<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/05\/playdoge.svg\" alt=\"PlayDoge\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>2D Virtual Doge Pet<\/li>\n                                                                                                    <li>Play To Earn Meme Coin Fusion<\/li>\n                                                                                                    <li>Staking &amp; 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The Italian car manufacturer <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1911,"featured_media":557203,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[7596],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ferrari Rolls Out Crypto Payments In Europe After US Success\u00a0 - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Ferrari has unveiled plans to enable cryptocurrency payments in Europe, barely a year after launching a similar offering in the US. 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