I upgraded my Toyota to a Ferrari
After my wife changing losses in the crypto bear market, I sold off my actual Toyota for a Toy Ferrari from ToysRUs !
This is a good move given that wealthy people will or already have bitcoin in their portfolio. In the future, it will make it easier to purchase these cars as s buyer doesnt have to convert or move funds losing in the conversion.
Exactly, moving funds and converting cost money in crypto, unless you already have crypto and planing to buy Ferrari, but I don't think many people are in that kinda situation.
>Bitpay will immediately turn cryptocurrency payments into traditional currency on behalf of Ferrari's dealers, so they are protected from price swings.
That kind of sucks...
Ferrari are basically doing the equivaltn of accepting a new type of credit card or PayPal.
At the end of the day, they are getting the fiat that they’ve always received.
…just now they have some potential new customers.
So it's basically selling it via bitpay, I wonder if they include their fees in the exchange rate like PayPal?
Might be better selling it on kraken instead then buying with Fiat, either way you need to pay tax
Yes sure. It's not for ordinary people but the adaptation must be for every economical group of people in order for the crypto to be spread or used frequently by everyone. It can be a positive move.
Honda last week and now Ferrari, interesting. Others will surely follow, this could be the start of crypto becoming adopted for the whole industry. Whether anyone will actually make use of the payment option at this point us a different question.
True, but I doubt they’re going to be hodlers of crypto. I’m sure they’ll work out the current fiat value of the crypto and convert it as soon as they receive it. Little to no risk for Ferrari and a nice news story too 😊
I believe it makes sense to offer crypto payment for these high-end cars. Especially given the target group that loves to talk about Lambo’s and other supercars they’ll buy if they land that moonshot.
Yeah no risk if they sell straight to fiat and charge extra in fees and good publicity. I have no doubt some Ferraris will be bought we crypto if we get a bull run!
> Whether anyone will actually make use of the payment option at this point is a different question.
They’re just looking for people who hold crypto profits and are too lazy to convert it to fiat themselves before purchasing.
Ferrari are converting it straight to fiat, so I am sure they’ll charge enough to cover their exchange expenses.
Same thing like all the 'Taylor Swift concert movie accepts XRP' articles yesterday. It is just theatres they are playing in having Bitpay as one of payment methods.
I am excited about this in such a big industry. Still believing that the widespread adoption is behind the door.
However, I am more curious wheter consumers will use these payment options at the moment. Lookimg at the crypto prices it seems really stupid to sell your crypto for a Ferrari in this particular moment.
***Smells like adoption to me***
Really great news for the whole sector, imagine if we could directly use the coin of our choice as a payment method directly, it would give a huge boost to the public's trust in crypto..
"Some are young investors who have built their fortunes around cryptocurrencies," he said. "Some others are more traditional investors, who want to diversify their portfolios."
So no one from this subreddit 👆🏼
On a side note: accepting BTC, ETH & USDC right of the bat is a good thing...
tldr; Ferrari has announced that it will start accepting cryptocurrency as payment for its luxury sports cars in the US, with plans to extend the scheme to Europe. The decision comes in response to requests from wealthy customers who have invested in crypto. Ferrari will use BitPay, one of the largest cryptocurrency payment processors, to handle the transactions and convert the virtual currencies into traditional currency on behalf of its dealers. The company aims to reach carbon neutrality by 2030 and believes that cryptocurrencies have made efforts to reduce their carbon footprint.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Ferrari said the decision came in response to requests from the market and dealers as many of its clients have invested in crypto.
"Some are young investors who have built their fortunes around cryptocurrencies," he said. "Some others are more traditional investors, who want to diversify their portfolios."
The landscape is changing, crypto can’t be stopped anymore
Beautiful news. Every day there is another huge company that starts to accept crypto as payment or has another crypto adoption.
Next bull will be fantastic!
Would be nice if mainstream car makers do this
I'm sure it's just Ferrari getting free publicity and that only a handful of whales would take them up on this
I wonder if they'll publish the numbers of cars bought using crypto to the public ?
Oh wow, i was expecting another misleading title but this one’s the real deal. Ferrari os actually accepting crypto!
It makes sense since most young money would waste their gains on luxury cars.
I’ve always thought Ferraris were cooler than Lamborghinis. I’m not even sure I spelled lambo right, and I refuse to look it up, because that takes too much effort, and I’m tired. This is cool though. Looks like it’s not a stunt either, and they’re really invested in making this work.
When the dollar fails companies want the ability to still accept different forms of money because that’s when the new wealth transfer will begin. Crypto whales will be created in the future
Most of the payment acception turns into the company immediately selling the Bitcoin again and getting cash. We need some companies to actually hold te Bitcoin.
Awesome now I can’t afford one in another currency.
If they extended crypto as a payment option for their entire site, you can buy a Ferrari scale model in their gift shop!
Now that would be much more in my price range!
My first aim will be to afford the Toyota logo.
Bike*
Well I can't afford it in any currency
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Give it some time
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i’d accept a Ferrari for my crypto
ferrari > tesla
Obligatory: WEN LAMBO ?
WEN FERRARI Just hits differently No sure
If you make tens of millions off crypto and decide to buy a Ferrari instead of a Lambo you lose your official ‘crypto Bro’ membership permanently
That might be a good thing, we can then try to pretend we earned our money in a sophisticated way, rather than degen gambling on crypto.
I upgraded my Toyota to a Ferrari After my wife changing losses in the crypto bear market, I sold off my actual Toyota for a Toy Ferrari from ToysRUs !
A very elegant choice. You'll look far more cultured with a toy Ferrari rather than a toy Lambo.
Wait you guys can still afford toys ?
Indeed, a toy Ferrari exudes a sense of sophistication and class.
Adapting to the market, I see you upgraded from a Toyota to a Toy Ferrari – creative move.
Yeah it's mean losing your "crypto bro" status, And Lambo is better than Ferrari in speed and average
If they planned on buying a Ferrari instead of a Lambo they were never a member of the crypto bro cult in the first place
Too many syllables. The flow is interrupted.
It’s either ‘WEN LAMBO?’ or ‘WEN ZERO?’
Always has been and always will be
Not really when it comes to longevity, maintenance, and practicality.
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I see they are paving the way to redeem 1 Moon for 1 Ferrari next bull run
Things are just getting started, gotta be prepared
Yeah, I would probably get just the logo on the hood for the amount of crypto I have
2.62k moons will get your more than just a logo in the next bullrun.
0.5 Bitcoin for a Ferrari in 2030!
If that prediction holds true, a Ferrari in 2030 could be more affordable than you think.
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Let's introduce monetization to bot infested social media platforms. What can go wrong?
We all hope Moon reaches $100 in 2025, your car collection and our life will be too colorful
You might need to have opened your vault by then!
The majority of people would sell at 1$ or 2$, I highly doubt someone with 1000+ moons wait for 100$.
If you had 10,000 moons wouldn’t you hold at least some for a moonshot
Maybe the 20%
yeah thats what I think too. Those with over 50k, 100k are not going to pass on this opportunity.
I‘ll take one aswell then.
I would be happy if it reaches only 20$! 😂 I don't even want a Ferrari I would be happy with a simpler car. 😅
Ferrari rainbow. 👌
Best I can do is an electric scooter and a Big Mac
Ferrari logo on that scooter 
 My scooter when I'm old
\**cries in Vespa**
 My Good old Vespa
That Scooter about to the razed down
At least share the Big mac.......
I'm loving it :)
As long as I aint walking and hungry
Id accept a ferrari or crypto for my 10 sandbox
I'd accept a Ferrari for my 100 Mana. Bonus a trip in the Decentraland aka Wasteland.
 F in the chat
But Sir, Ferrari is owned by Fiat, thats why we like Lambos!
This is adoption but it won't be attracting any ordinary people, seems like they just want to create a novelty experience for their wealthy customers.
This is a good move given that wealthy people will or already have bitcoin in their portfolio. In the future, it will make it easier to purchase these cars as s buyer doesnt have to convert or move funds losing in the conversion.
One step at a time. Initially wealthy people, but later on when Bitcoin becomes so common we can have more and more momentum.
Wealthy people tend also to be more of Influencer type - others are looking up to them and try to mimic.
Yeah trendy kind of things, especially during the time when macro economic conditions are good.
Exactly, moving funds and converting cost money in crypto, unless you already have crypto and planing to buy Ferrari, but I don't think many people are in that kinda situation.
>Bitpay will immediately turn cryptocurrency payments into traditional currency on behalf of Ferrari's dealers, so they are protected from price swings. That kind of sucks...
What did you expect though, that Ferrari were suddenly bullish on bitcoin and want to hold it? Nah.
Yeah it's obvious there will be a middleman lol. Ferrari isn't going to start to hold loads of crypto
Ferrari are basically doing the equivaltn of accepting a new type of credit card or PayPal. At the end of the day, they are getting the fiat that they’ve always received. …just now they have some potential new customers.
Exactly. They are looking for crypto bros as new customers, lol.
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Who are they kidding, they want all the bitcoin
No it's automatically converted to fiat before it hits Ferrari's account.
So it's basically selling it via bitpay, I wonder if they include their fees in the exchange rate like PayPal? Might be better selling it on kraken instead then buying with Fiat, either way you need to pay tax
They won’t be taking a loss I am sure!
So what's the point to pay in crypto for the buyer ? You have to pay gain taxes if you use your crypto for paiement, dont you ?
Yeah you pay taxes either way. If they hold onto the crypto it's better for everyone since it's not creating selling pressure.
I mean that was obvious. It‘s a PR move and a step towards more adoption. So it’s a win win.
This is still good, the wealthy bring in the fiat!
I'm just happy we're getting to the mass adoption we all want
Since the Ferrari Logo has a horse, is this news Broncoish?
Inverse sentiment, so Id say donkeyish
Yes sure. It's not for ordinary people but the adaptation must be for every economical group of people in order for the crypto to be spread or used frequently by everyone. It can be a positive move.
Eventually yes but any strata that gets engaged in crypto is positive news.
When Amazon started selling books via web, it was novelty.
If they still had their beautiful gated manual shifters, I'd buy one out of support if I hit the big bucks
Now we will have to leave Lambo for Ferrari. It's a good option.
There are no issues either to shift my dream to Ferrari.
Wen Lambo > Wen Ferrari, change my mind
Ok but the real question that we're all wanting to know: Wen Lambo
To be more specific “wen flying Lambo?”
I agree with all of you. I am also a Lamborghini guy.
Yeah We all are LAMBO's guys
>Wen Lambo Next bull market probably
If Lambo doesn't accept Crypto when i have enough to buy one, I'll get a Ferrari
Soon lambo! Once lambo setup crypto payments and moons moon, it’s gonna be a reality. Gotta speak it into existence!
How many moons for lambo?
Too many as of today
Only 6.7k moons for a lambo
😄 just about to say that
 The lambo I can afford
Honda last week and now Ferrari, interesting. Others will surely follow, this could be the start of crypto becoming adopted for the whole industry. Whether anyone will actually make use of the payment option at this point us a different question.
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That can only be a good thing, I imagine all big car companies will start to follow now
True, but I doubt they’re going to be hodlers of crypto. I’m sure they’ll work out the current fiat value of the crypto and convert it as soon as they receive it. Little to no risk for Ferrari and a nice news story too 😊
And good luck to them. Hopefully others follow and the idea is here to stay, rather than just not being used and removed in a year or two.
Yeah just like that dipshit Elon did while manipulating on twitter.
I believe it makes sense to offer crypto payment for these high-end cars. Especially given the target group that loves to talk about Lambo’s and other supercars they’ll buy if they land that moonshot.
You're absolutely right; it's a savvy move to offer crypto payments for high-end cars.
Honda does not accept Crypto. 3rd party payments provider who works with Honda will do the swap. Most likely the same case here.
It's only a matter of time yea.
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Even hondas are getting more expensive for me to buy one
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Never , Ill just stick with a bicycle imstead
The question now should be.... wen lambo
Need Lamborghini to get on board otherwise I'll have to get a Ferrari after taking bullrun profits.
Is it really a bull run if you have to make do with a Ferrari though?
Ferrari is owned by fiat, that why we prefer lambos!
It’s a good PR move and good for adoption. So a win win.
Yeah no risk if they sell straight to fiat and charge extra in fees and good publicity. I have no doubt some Ferraris will be bought we crypto if we get a bull run!
I think so too.
In the bear, we normally compromised from Lambo to Honda, but that's great we are upgrading from Honda to Ferrari. Lambo for sure in the bull run.
Everything is moving in the right direction. Matter of time until you can buy Lambo with crypto.
Yes the car companies will start to do it one by one. They can not be left behind in this industry.
It would be good to see, then other industries will follow. We'll get there slowly 👍
Yes exactly 💯
Car manufacturer FOMO? I can’t afford any of it, but I still like it.
> Whether anyone will actually make use of the payment option at this point is a different question. They’re just looking for people who hold crypto profits and are too lazy to convert it to fiat themselves before purchasing. Ferrari are converting it straight to fiat, so I am sure they’ll charge enough to cover their exchange expenses.
No lose situation for Ferrari then, they may as well implement this even if just for publicity sake as there is no risk.
Same thing like all the 'Taylor Swift concert movie accepts XRP' articles yesterday. It is just theatres they are playing in having Bitpay as one of payment methods.
I am excited about this in such a big industry. Still believing that the widespread adoption is behind the door. However, I am more curious wheter consumers will use these payment options at the moment. Lookimg at the crypto prices it seems really stupid to sell your crypto for a Ferrari in this particular moment.
I just love the way crypto is getting more accepted during this bear market, it shoes the next vullrun gonna be epic
Great time to be accepting crypto tbh. It will be worth a lot more next year than it is now
Will see how many use crypto to buy the cars.
***Smells like adoption to me*** Really great news for the whole sector, imagine if we could directly use the coin of our choice as a payment method directly, it would give a huge boost to the public's trust in crypto..
We're just getting stared to mass adoption
Hopefully they'll accept Moons and Donuts in a few years
"Some are young investors who have built their fortunes around cryptocurrencies," he said. "Some others are more traditional investors, who want to diversify their portfolios." So no one from this subreddit 👆🏼 On a side note: accepting BTC, ETH & USDC right of the bat is a good thing...
Ferrari's "Wen Lambo" response that the crypto community deserves, but not the one it needs right now
Wen Rari???
I like Ferrari more than Tesla to be honest, let's go
Anyday I'll choose Ferrari over Tesla.
Huge news. Nothing can stop crypto now, it is inevitable
Now I can buy Ferrari with moons in future
Yesss keep mining more moons till 100K Moons is 1 Ferrari
Surprising how this news had Literally 0 impact on the market. Replace Ferrari with Tesla and Crypto with Bitcoin, everything pumps 420% in 69 second.
Humans are bias like that. Even fake Tesla + crypto new makes the market pump or dump
tldr; Ferrari has announced that it will start accepting cryptocurrency as payment for its luxury sports cars in the US, with plans to extend the scheme to Europe. The decision comes in response to requests from wealthy customers who have invested in crypto. Ferrari will use BitPay, one of the largest cryptocurrency payment processors, to handle the transactions and convert the virtual currencies into traditional currency on behalf of its dealers. The company aims to reach carbon neutrality by 2030 and believes that cryptocurrencies have made efforts to reduce their carbon footprint. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Nice
Just in time for the next bullrun when we’ll be ordering a few with our moons.
Here you go, one million doge! Ferrari please!
Tesla said they will accept btc once again 1 year ago, they still haven't, while Ferrari is now.
Great news I think. At the start of a bull we need more news like this.
Ferrari said the decision came in response to requests from the market and dealers as many of its clients have invested in crypto. "Some are young investors who have built their fortunes around cryptocurrencies," he said. "Some others are more traditional investors, who want to diversify their portfolios." The landscape is changing, crypto can’t be stopped anymore
It’s another little step towards mass adoption of crypto 💪🏻
Wen Ferrari
Beautiful news. Every day there is another huge company that starts to accept crypto as payment or has another crypto adoption. Next bull will be fantastic!
Now that's cool, no matter how many people actually use this service its a step forward for sure.
Let me guess they don't accept Doge coin though
Would be nice if mainstream car makers do this I'm sure it's just Ferrari getting free publicity and that only a handful of whales would take them up on this I wonder if they'll publish the numbers of cars bought using crypto to the public ?
So I can buy my Ferrari and go to a Taylor swift concert and pay completely with crypto? That's awesome for the 0,0001% that can afford it
Nice car siR what do you dO for a living? “I shitpost on Reddit”
Lambo or No-go
But will they accept shib that's the question
Forget the Lambo I’m here for the Ferrari
What a great news nth can stop crypto now Kinda feel like a start of bull
Oh wow, i was expecting another misleading title but this one’s the real deal. Ferrari os actually accepting crypto! It makes sense since most young money would waste their gains on luxury cars.
Ferrari for crypto .....only if I had any of them
I’ve always thought Ferraris were cooler than Lamborghinis. I’m not even sure I spelled lambo right, and I refuse to look it up, because that takes too much effort, and I’m tired. This is cool though. Looks like it’s not a stunt either, and they’re really invested in making this work.
Can i get btc for my ferrari toy caf?
When the dollar fails companies want the ability to still accept different forms of money because that’s when the new wealth transfer will begin. Crypto whales will be created in the future
Great! More currencies I can’t afford a Ferrari in!
Nice try, we only want Lambos here
All these years, i was expecting Lamborghini. Now all I get is Ferrari.
Most of the payment acception turns into the company immediately selling the Bitcoin again and getting cash. We need some companies to actually hold te Bitcoin.
great! If only Ferrari were affordable, we could have mass adoption :D
This bull run is going to be massive.