Ferrari to accept crypto as payment for its cars in the US
Cloud_Botherer @ Cloud_Botherer @lemmy.world Posts 0Comments 1Joined 2 yr. ago
Cloud_Botherer @ Cloud_Botherer @lemmy.world
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Seems like they aren't actually accepting crypto. They made a deal with a crypto exchange to act as an intermediary. A buyer pays Bitpay in crypto and Bitpay exchanges it to cash to pay Ferrari. Ferrari will never actually holds any crypto.