Ferrari to accept crypto as payment for its cars in the US
Ferrari to accept crypto as payment for its cars in the US
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.
I see they are looking to bring some of the magic of their F1 team to their finances as well.
What could possibly go wrong?
Not a lot? It’s just another payment system and they’ve contracted out to a third-party company to handle any disputes.
Take crypto, automatically swap to stable coin (can be done via a smartcontract depending on which chain they accept crypto from), move to bank.
Are they going to accept cow turds next? How many tons do high quality manure do I need to roll up with to get a red one?
Y’know, I bet if you could turn cow turds into a digital “asset” that they could take and immediately turn to real currency, they would. It’s the part where they have to take delivery of cow feces that they’d take issue with.
Crypto is worth less than cow feces functionally but, since they can quickly convert it to something real and the transaction can’t be reversed, it does make sense that they’ll take it.