Ferrari has become the latest automaker to accept payment in cryptocurrency in the USA, namely Bitcoin as it is the most trustworthy.
With large government debt and global unrest creating challenges to the status of the US dollar as the world’s Reserve Currency, one by one, fiat currency of countries are becoming worthless.
The debt of the USA currently sits at $33 trillion and growing rapidly because the more the corrupt politicians in Washington DC spend, the more they make through backdoor kickbacks into their offshore bank accounts.
It’s not going to end well.
Ferrari has reportedly claimed that it has taken the decision to accept payment through cryptocurrency after receiving requests from specific markets and dealers, as many of its clients have invested in crypto.
Also, the automaker has reportedly stated that it has been receiving requests from wealthy customers in the European market to open the provision of payment through cryptocurrency.
Speaking about this decision, Ferrari’s Chief Marketing and Commercial Officer Enrico Galliera said that cryptocurrencies had made efforts to reduce their carbon footprint through the introduction of new software and a larger use of renewable sources.
“Some are young investors who have built their fortunes around cryptocurrencies,” he said revealing the reason behind accepting crypto as a means of payment, while adding, “Some others are more traditional investors, who want to diversify their portfolios.”
Cars being large ticket products cryptocurrency’s entrance in the vehicle retail segment could be the beginning of an interesting trend.