Ferrari Now Accepts Bitcoin & Crypto Payments Via BitPay

BitPay and Ferrari are partnering to give enthusiasts even more ways to pay for their new luxury sports car.

Starting immediately, Ferrari dealerships within the United States will accept crypto payments via BitPay. Customers buying their new supercar will be able to pay in Bitcoin (BTC), Ether (ETH), and USDC. Ferrari will not impose any additional fees or markups for customers paying in cryptocurrency.

The new partnership builds onto trends BitPay continues to see, with luxury and high-ticket items increasingly being paid for with cryptocurrency, including cars, watches, jewelry, diamonds, and even real estate. Crypto customers want the flexibility to pay without wires, bank accounts, or credit cards, and Ferrari understands that.

“Some are young investors who have built their fortunes around cryptocurrencies,” Ferrari’s Chief Marketing and Commercial Officer, Enrico Galliera, told Reuters. “Some others are more traditional investors, who want to diversify their portfolios.”

As the number one crypto payments processor in the world, BitPay has the ability to process payments from over 100 crypto wallets. This gives customers the flexibility and freedom to use their preferred wallet.

BitPay’s accurate payment protocol, the BitPay Protocol, eliminates payment exceptions like over/under payments, late payments and double spends to ensure the best customer experience possible.