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International Business Times
International Business Times
Business
AFP News

Ferrari To Accept Crypto-payments In Europe

The prancing horse stable says it is ready to roll out a new payment system for crypto transactions in Europe and will expand beyond that by year's end (Credit: AFP)

Italian luxury carmaker Ferrari said Wednesday its European dealers will start accepting cryptocurrency, following a similar move in the United States.

The new payment system -- which includes verification of the source of the funds, and immediate conversion of the payments into traditional currency -- will be rolled out from the end of July, it said.

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