Famous car manufacturer Ferrari has added Dogecoin to its list of cryptocurrencies accepted as a means of payment for its premium sports cars in the US, according to multiple reports.
After stating in October 2023 that start dealing with digital assets, Ferrari further cemented its adoption of cryptocurrencies with the acceptance of Dogecoin. It is anticipated that Bitpay will also act as a settlement agent for DOGE payments.
In an interview with Reuters, Ferrari's commercial and marketing director Enrico Galliera made this announcement and emphasized that dealer and customer requests were the main factors in the decision.
Ferrari has decided to accept cryptocurrency as payment for its cars as part of a plan to attract successful people from the Bitcoin space.
Ferrari's commercial and marketing director, Enrico Galliera, stated that customers in the United States will be able to make payments in cryptocurrencies following the requirements of wealthy customers.
To apply the technique in multiple locations, the company is evaluating the possibility of expanding this option to other payment service providers.
There will reportedly be no additional fees associated with a consumer choosing to pay with bitcoins; 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.
Also read: Dogecoin emerges amid speculation of X payment combination
