Ferrari to accept crypto for its cars in the US

MILAN: Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the United States and will extend the scheme to Europe following requests from its wealthy customers, its marketing and commercial chief tells Reuters.

The vast majority of blue-chip companies have steered clear of crypto as the volatility of bitcoin and other tokens renders them impractical for commerce. Patchy regulation and high energy usage have also prevented the spread of crypto as a means of payment.