Ferrari to accept Bitcoin & Ethereum payments in Europe.

[Gurujebs]

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?

This looks cool for Bitcoin adoption but I don't find it useful for Bitcoin in anyways. These companies always find a way to use Bitcoin only to dump it after. I mean, these kind of news are supposed to be coming during the bear markets, it gives hope to people that Bitcoin has a lot of adoption from different people around the world but they wouldn't, they will only comes when we have Bitcoin bull run, accept Bitcoin from client and hold for a little time and then dump it on the market as soon as they make profits and go hidden again until next time Bitcoin is trying to make another run. It's not fair the way they do with Bitcoin.

[Freemind]

I didn't know this news about "Il Cavallino Rampante", but it is a really positive thing for Bitcoin, Ethereum and the entire cryptocurrency ecosystem. This will put other luxury car brands on alert so as not to lose their current position and with a little luck they will join Ferrari's initiative, and accept the two coins with the highest market volume as a payment method.

Is anyone thinking about Lamborghini like me?. Because the question that comes to mind after reading the news is... when Lambo?. I think it's the best time in the history of cryptocurrencies to ask that question

[famososMuertos]

I don't know why these news are still received with the significance of being something inherent to adoption as fundamental characteristics of that process, when they are just another tool of the type of feature added to the product, and in reality, they do not represent a significant effect... perhaps for governments and the police, but for the average user and Bitcoin itself as an adoption process it is more than anything a smokescreen, I'm not the one saying it, it happened, and it continues to happen in each case that is shown in this category.

[armanda90]

This looks cool for Bitcoin adoption but I don't find it useful for Bitcoin in anyways. These companies always find a way to use Bitcoin only to dump it after. I mean, these kind of news are supposed to be coming during the bear markets, it gives hope to people that Bitcoin has a lot of adoption from different people around the world but they wouldn't, they will only comes when we have Bitcoin bull run, accept Bitcoin from client and hold for a little time and then dump it on the market as soon as they make profits and go hidden again until next time Bitcoin is trying to make another run. It's not fair the way they do with Bitcoin.

Ferrari have bigger transaction every their product sold and interested to see how many bitcoin will accept after announce receiving bitcoin and ethereum as their payment transaction. But are there any the richer of cryptocurrency will buy Ferrari and use bitcoin as payment transaction?
Minimalize dump after accepting as payment transaction I think Ferrari have their own way and will make convert as soon possible if market condition on bearish but keep hold it if market growing up, every company have their technical when have to hold or sell their bitcoin assets after accepting cryptocurrency as their payment transaction.

[ZAINmalik75]

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?

This is truly a good news for Bitcoin and for Ethereum, other than these 2 tokens, its a good news for all of other tokens too. Because if in current situation BTC and ETH is being adopted by big companies and their investment will increase the demand. Rich people are already investing in BTC and they are doing it from a long time and now its time for them to cash out and due to the acceptance of BTC and ETH these rich people will not cash out in the form of fiat but they will buy Ferrari instead.

Who don't know other than Ferrari that there is not potential in BTC and ETH. We all know these two tokens have great potential as investment. In the long run, these two tokens can make big investors a lot of money. This move by Ferrari is a good marketing scheme and it will attract good customers now.

[Lucius]

~snip~
Is anyone thinking about Lamborghini like me?. Because the question that comes to mind after reading the news is... when Lambo?. I think it's the best time in the history of cryptocurrencies to ask that question

I know that a Lambo could be bought for BTC back in 2018 in Japan at one of their famous car dealers, and you can probably find more dealers (especially in the US) that accept cryptocurrencies. Now that Ferrari has made that move, I have no doubt that other manufacturers will follow what is happening and whether it makes sense to introduce such a payment option.

Maybe it would have happened before if we didn't have the Tesla case, which surely influenced many others who thought about it, but gave up because of what turned out to be one big deception.

[MUGNIA]

if this news is true, then it is the same as Tesla accepting payments with crypto, but hopefully this is not just gossip because there are many people who have crypto who want to buy this car, but what I think is what if the crypto market is down?
here I am sure that when the crypto market is down, the Ferrari company will not sell its products to be paid for with the crypto method

[robelneo]

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?

They are a business company so they know from their research that Bitcoin and Ethereum have potential in the future, They should have done this several years ago but its better late than never I'm sure many Bitcoiners in Europe will be excited to purchase their Ferrari with Bitcoin.
This is a positive plus for Bitcoin, and I hope many companies will follow.

[Freemind]

I know that a Lambo could be bought for BTC back in 2018 in Japan at one of their famous car dealers, and you can probably find more dealers (especially in the US) that accept cryptocurrencies. Now that Ferrari has made that move, I have no doubt that other manufacturers will follow what is happening and whether it makes sense to introduce such a payment option.

Maybe it would have happened before if we didn't have the Tesla case, which surely influenced many others who thought about it, but gave up because of what turned out to be one big deception.

I know there are several (completely legit) websites where people can buy with cryptocurrencies Lamborghinis and many other luxury brands like Koenigsegg, Ferrari or Buggati, but that's not what I was referring to. A place to buy something (second-hand) is not the same as an official statement from the brand, since that not only gives more credibility to the news, but also makes the news reach further and to more people.

Who knows, maybe it's just a matter of time before more brands jump on the bandwagon of accepting cryptocurrency payments and the ecosystem grows to places that just a few years ago were mere dreams.

[Metha Wulandarin]

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.

Is it possible that in the future Bitcoin will become a global payment method like the USD currency which is now a global payment currency?
This is likely to be difficult as payment methods globally are still dominated by the United States USD.

[Faisal2202]

I think they once announced that they accept Doge. Or is that a rumor? Well, this is very good news for crypto in general. They already understand that there is still more to come for Bitcoin and Ethereum.

You are right, Ferrari long ago announced that they would accept crypto for payments but it was not an available option in all over the world now they said they will be extending their offers to European countries which is a good thing. Although I also remember there was a news about Doge. Yeah, I found it, the news came out in February in 2024.

Much good news was coming in those days but as the bitbit arose the question whether are they really offering people to buy cars with crypto or its all fake news to increase the price. Well, I don't think its fake maybe due to the location difference we are not seeing what they are offering to only specific geographic locations. This news is no doubt a bullish news but this is not going to impact that good, the price won't be going high just due to this useless announcement.

[Lucius]

~snip~
Who knows, maybe it's just a matter of time before more brands jump on the bandwagon of accepting cryptocurrency payments and the ecosystem grows to places that just a few years ago were mere dreams.

I think we already had a period during 2017 and after that when many companies jumped on that bandwagon, but at some point they simply gave up because there was no interest in such payment. I don't believe that 6-7 years later, much has changed in how people perceive cryptocurrencies, especially BTC - so although I don't know the exact data, I think that very few transactions that happen on the blockchain have the purpose of paying for goods and services.

The Philippine island of Boracay is a good example of how people don't want to use BTC as a means of payment (tourists, of course) - because at one point there were over 200 places where you could pay with BTC, and that number was only decreasing. The person behind the payment processor that enabled payment with BTC stated that most merchants did not have a single BTC transaction and that is why they gave up.

Maybe something will change in this regard globally, but in some countries like Turkey, Thailand or Vietnam, BTC is prohibited as a means of payment, while trading and possession of the same is allowed.

[SmartGold01]

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

Naturally we knew that bitcoin and ethereum are the major market forces that drive the market more than any other coins and of course they also top 1 in the coinmarketcap unlike any other coin, so I do love their zeal to start accepting these two coin only than having much coin coupled and in future each could Worth something unimaginable than any other cryptocurrency out there.

[Stompix]

I mean, these kind of news are supposed to be coming during the bear markets, it gives hope to people that Bitcoin has a lot of adoption from different people around the world but they wouldn't, they will only comes when we have Bitcoin bull run, accept Bitcoin from client and hold for a little time and then dump it on the market as soon as they make profits and go hidden again until next time Bitcoin is trying to make another run. It's not fair the way they do with Bitcoin.

How is that different from a guy seeing that his profits in Bitcoin have gone up because of a bull run, and deciding to sell to buy a Ferrari? The same thing will happen if a guy decides to buy something, he will either give Bitcoins to the seller to he will sell his Bitcoins for fiat, and give the seller fiat. The dump will happen anyhow.

Who don't know other than Ferrari that there is not potential in BTC and ETH. We all know these two tokens have great potential as investment. In the long run, these two tokens can make big investors a lot of money.

Bitcoin is not a token! And neither is ethereum!
I've seen more and more lately saying this and it's really damaging for Bitcoin to be put on the same level as tokens.

[ZAINmalik75]

Bitcoin is not a token! And neither is ethereum!
I've seen more and more lately saying this and it's really damaging for Bitcoin to be put on the same level as tokens.

Sorry for the mistake next time I will not call them tokens. I knew they are not tokens but they are coins because they have their blockchain but I did not try to be so accurate in my last post. I thought readers would get the point but I guess some really care  I will be more accurate with my words next time.

Naturally we knew that bitcoin and ethereum are the major market forces that drive the market more than any other coins and of course they also top 1 in the coinmarketcap unlike any other coin, so I do love their zeal to start accepting these two coin only than having much coin coupled and in future each could Worth something unimaginable than any other cryptocurrency out there.

How can Ethereum be a major market force for the market? Till now I only considered Bitcoin a major market force because every alt follows BTC even ETH too. I also think they are both worth something unpredicted recently the CEO of MicroStrategy predicted the price of 1 BTC will be $49 million by 2045.