MILAN : Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers, its marketing and commercial chief told Reuters.The vast majority of blue-chip companies have steered clear of crypto a
Seems like they aren’t actually accepting crypto. They made a deal with a crypto exchange to act as an intermediary. A buyer pays Bitpay in crypto and Bitpay exchanges it to cash to pay Ferrari. Ferrari will never actually holds any crypto.
A “crypto exchange” sounds like an interesting, high-risk company. Could be hugely profitable, could tank at any moment.