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Ferrari Starts Accepting Cryptocurrency Payments for Its Luxury Sports Cars in the U.S. and Plans to Extend the Scheme to Europe

Luxury carmaker Ferrari has begun accepting cryptocurrency payments for its vehicles in the US and plans to extend the scheme to Europe. The move comes in response to requests from wealthy customers, some of whom have built their fortunes around cryptocurrencies. Ferrari will use BitPay, one of the largest cryptocurrency payment processors, to ensure that virtual currencies come from legitimate sources and are not used for criminal activity or tax evasion. The company's marketing and commercial chief said the majority of its US dealers have already signed up to the scheme.

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