The famous automaker, Ferrari, added Dogecoin to its list of accepted cryptocurrencies as a means of payment for their premium sports cars in the US, as per various reports.
After stating in October 2023 that it would begin dealing with digital assets, Ferrari further cemented its embrace of cryptocurrencies with its acceptance of Dogecoin. It is anticipated that Bitpay will also serve as a settlement agent for DOGE payments.
In a Reuters interview, Ferrari’s Chief Marketing and Commercial Officer, Enrico Galliera, made this announcement and emphasized that dealer and customer requests were the main factors in the decision.
Ferrari has decided to accept cryptocurrencies as payment for its cars as part of a plan to attract successful individuals from the Bitcoin space.
Ferrari’s marketing and commercial director, Enrico Galliera, stated that devotees in the US will be able to make cryptocurrency payments following the requirements of wealthy clients.
To apply the technique in various locations, the business is assessing the possibility of expanding this option to additional payment service providers.
There will reportedly be no additional fees associated with a consumer opting to pay with bitcoins; the vehicle prices will be the same. Ferrari has selected Bitpay, a cryptocurrency payment provider, to streamline transactions in the US. The two companies intend to quickly expand their partnership to Europe.
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