Despite crypto's popularity as an investment tool, it remains relatively rare for major companies to accept it as a means of payment.Ferrari will extend its provision for cryptocurrency payments to Europe by the end of July, Reuters reported on Wednesday.Ferrari is now extending the program to Europe"to support dealers in better addressing the evolving needs of its clients," Reuters said, citing a company statement.
Despite crypto's popularity as an investment, it remains relatively rare for major companies to accept it as a means of payment, possibly due to lack of demand from customers. Crypto holders might not wish to spend their coins on everyday purchases out of concerns they'll be worse off if the crypto's value increases.award-winningin a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
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