Ferrari to accept Bitcoin & Ethereum payments in Europe.

[Zed0X]

~ although the price of bitcoin and Ethereum is volatile

None of that matters to Ferrari because they will still receive the payments in fiat. They partner with payment processors to convert each crypto payments made by their customers. In other words, they are protected from crypto's price volatility.

[snowpega]

This is very good news for Bitcoin and Ethereum, the Ferrari sports car company has started accepting payments with Bitcoin and Ethereum in Europe, although the price of bitcoin and Ethereum is volatile but the interest and development of Ethereum and Bitcoin continues to attract the attention of everyone.
Is it possible that Ferrari already knows that Bitcoin and Ethereum have great potential in the future?

Not bad, I came to know about this news yesterday that Ferrari has started to accept Bitcoin payment for their sports cars and I think this is a very nice initiative and adoption of crypto by such a popular brand and I believe that if this brand adopts this and it may somehow promote this adoption then after seeing this adoption other car companies will start to adopt the crypto payment and it can be the trend of the coming time and from there we can see the market at another level.

Besides this, I posted such kind of news on my BTT account many months ago when Ferrari company started to accept crypto payments through DogeCoin source. In my views, as you have written above that "Is it possible that Ferrari already knows that Bitcoin and Ethereum have great potential in the future?" I believe that Ferrari knows the crypto space coming potential in the coming time where Bitcoin is the king of cryptocurrency and they are adopting this like an early bird in the car space.

[bitbit97]

I see no queues near Ferrari dealers, nor people share info that they have ordered Ferrari and paid in Bitcoin. This announcement on one hand is positive, on the other it can be sad, because it might be that people dont buy Ferrari for fiat, then Ferrari hope that crypto millionaires would start buying those cars with direct payment. Actually I dont think that people buy Ferrari often, so this Bitcoin acceptance might be a shout like "please buy our cars, we did everything to make payments easier". I.e. they dont know how else to attract any customers right now.

[Fivestar4everMVP]

This is very good news for Bitcoin and Ethereum, the Ferrari sports car company has started accepting payments with Bitcoin and Ethereum in Europe, although the price of bitcoin and Ethereum is volatile but the interest and development of Ethereum and Bitcoin continues to attract the attention of everyone.
Is it possible that Ferrari already knows that Bitcoin and Ethereum have great potential in the future?

Indeed, this is a very good news but it's one that comes without any form of surprise, and this is because such news is long overdew, several big companies and co-operations should have by now understand that cryptocurrencies are here to stay, specially bitcoin and ethereum which are the two major cryptocurrencies today, in the future, I except the likes of BNB, Solana to also attract acceptance from big companies as well, but until that happens, whats best to do is for us to keep building and growing the market to unimaginable heights.

Anyways, a big congratulations to them (Ferrari) for taking such a step, if I was close to the CEO or manager of that company, I wouldnt mind asking him or her why did it take them so long to realize the potentials of crypto 😁

[taufik123]

Replacing Tesla, which initially accepted Bitcoin or later threw it away.
Will Ferrari do the same, and just want to take advantage of the bitcoins they buy or get from Ferrari sales?

In the Coindesk article, Ferrari (RACE) will expand the terms of cryptocurrency payments to Europe by the end of July and Ferrari is partnering with Bitpay and accepting Bitcoin (BTC), ether (ETH) and stablecoins (USDC).

It would be amazing if it was implemented in the long run and unlike other automakers who just threw away bitcoin.

https://www.coindesk.com/business/2024/07/24/ferrari-to-extend-cryptocurrency-payments-to-europe-reuters/

[bee]

Is there any proof of that from Ferrari, but not from media ? I have search https://www.ferrari.com/en-EN/ and there is not a single word about cryptocurrency. They could have announced that in their social media, but there I also havent found any proof. In most articles that I have found, it is said that Ferrari only plans to accept crypto.

Here it is: https://lasvegas.ferraridealers.com/en-US/articles/ferrari-adopts-cryptocurrencies-as-payment-option
The implementation of bitcoin payments is only in accordance with the regulations of the country where the dealer operates, so you may only get the offer on the local dealer website when consulting.

Imo planning does not mean accepting.

They have implemented it first in the US region.
I also doubt there are any Ferrari owners around here who can answer this question factually, hahaa.

[bitmover]

Is it possible that Ferrari already knows that Bitcoin and Ethereum have great potential in the future?

I think they just want to target some bitcoin millionaires from the past 5 years..

They used to buy lambos,  but they can also afford ferraris

[bitbit97]

Google say that less than 10k cars are being sold each years. If we imagine that among 10k, for example half would be paid by crypto, then this is just a tiny piece of sand from the whole desert. The news would be more shocking, if Toyota would accept Bitcoin as payment, with their over million Corollas sold per year record. But buying a luxury car with crypto, this is already a huge crypto price value drop as soon as car leaves the dealer.

[dwyane36]

I think they just want to target some bitcoin millionaires from the past 5 years..

They used to buy lambos,  but they can also afford ferraris

It's funny that the phrase “When Lambo?”, appearing in the early days of the crypto industry, was originally just a meme phrase, but then it became a reality for some crypto investors and a great advertisement for Lamborghini. In this regard, Ferrari lost to a competing brand, but it's good that they finally decided to follow the trend rather than ignore it.

[Lucius]

Replacing Tesla, which initially accepted Bitcoin or later threw it away.
Will Ferrari do the same, and just want to take advantage of the bitcoins they buy or get from Ferrari sales?
~snip~

I wouldn't really compare the owner of the Tesla and the owner behind the Ferrari, I think the latter are far more intelligent. Someone to whom you can sell overnight the story that Bitcoin mining is something that seriously affects the environment while at the same time all objective studies show the opposite speaks volumes about the kind of person he is.

Ferrari can give up crypto payment at any time, it is a completely legitimate right of every company or individual and such a move should not surprise anyone. Of course, if they do it because no one buys their cars that way, and not because they believe in conspiracy theories.

The news would be more shocking, if Toyota would accept Bitcoin as payment, with their over million Corollas sold per year record.
~snip~

It's not really on a global level, but some sellers who represent certain companies accept cryptocurrencies - so you can also buy a Toyota if you happen to be in Idaho (US)

[bitbit97]

The news would be more shocking, if Toyota would accept Bitcoin as payment, with their over million Corollas sold per year record.
~snip~

It's not really on a global level, but some sellers who represent certain companies accept cryptocurrencies - so you can also buy a Toyota if you happen to be in Idaho (US)

That is great. I really wonder if this option is really popular in Idaho. As to Ferrari, for this looks like an announcement of an option, that barely be used. Not many can afford to buy and have a Ferrari, not many even want this car. And even less will really use Bitcoin and Ethereum as a payment. Doubt that every Bitcoin or Ethereum user now spend time in Ferrari car configurator and build their desired car.

[Metha Wulandarin]

Is it possible that Ferrari already knows that Bitcoin and Ethereum have great potential in the future?

at this point, if any brand is not aware of bitcoin or ethereum or just crypto in general then they are already behind of their other competitors

this is not really surprising to me as tesla, another car company, have accepted dogecoin for payments i am sure the team of ferrari have seen this and thought of ways how to one-up tesla crypto is a good investment but most importantly this can also serve as a marketing move and it might be working since we are talking about ferrari after all

Although there are many companies that accept payments using crypto, I haven't seen news of someone buying a Tesla car or Ferrari car using crypto but I have seen people buying food using BNB.
Maybe it's because crypto payments are not officially allowed by the government or because crypto is volatile.

[taufik123]

I wouldn't really compare the owner of the Tesla and the owner behind the Ferrari, I think the latter are far more intelligent. Someone to whom you can sell overnight the story that Bitcoin mining is something that seriously affects the environment while at the same time all objective studies show the opposite speaks volumes about the kind of person he is.

Ferrari can give up crypto payment at any time, it is a completely legitimate right of every company or individual and such a move should not surprise anyone. Of course, if they do it because no one buys their cars that way, and not because they believe in conspiracy theories.

Hahaha you are too honest in saying it, even now Bitcoin mining which is said to contribute to global warming is not entirely true and there are even more other industries that contribute to global warming more severely.

Such people only care about their business and if it is not profitable they will just throw it away.

And yes, about anyone's right to accept or stop payments with crypto in their business.
It's a free, decentralized market and anyone can do it, they will probably only have an impact because they have a standing in the eyes of the wider community.

[bitmover]

I think they just want to target some bitcoin millionaires from the past 5 years..

They used to buy lambos,  but they can also afford ferraris

It's funny that the phrase “When Lambo?”, appearing in the early days of the crypto industry, was originally just a meme phrase, but then it became a reality for some crypto investors and a great advertisement for Lamborghini. In this regard, Ferrari lost to a competing brand, but it's good that they finally decided to follow the trend rather than ignore it.

Yeah, there were so many memes like this:

 

Maybe Ferrari is trying to catch up!

[dkbit98]

Good news to have more car manufacturers accepting Bitcoin payments, but I think they are a bit late to compete with Lamborghini, everyone in Bitcoin is already set on getting a Lambo
In last few days I have seen some services offering to sell other luxury cards for crypto, so adoption is slowly spreading worldwide.