Jamie Crawley is a CoinDesk news reporter based in London.
The Maranello, Italy-based luxury sports car manufacturer will subsequently extend the scheme to Europe in response to demand from its wealthy customers, Reuters reported, citing Chief Marketing and Commercial Officer Enrico Galliera.
Ferrari will use crypto payments provider BitPay to process transactions in bitcoin , ether and stablecoin USD coin in the initial rollout in the U.S. "Some of our clients are young investors who have built their fortunes around cryptocurrencies," Galliera said."Some others are more traditional investors, who want to diversify their portfolios."
Despite crypto's popularity as an investment tool, for major companies to accept it as method of payment remains rare. In February 2021, Elon Musk's electric-car company Tesla began accepting bitcoin payments butThe leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a.
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