Authored by Helen Partz via CoinTelegraph.com,

Ferrari, the Italian luxury sports car producer, is preparing to expand its cryptocurrency payment system to Europe following a successful launch in the United States.

Ferrari will extend its crypto payment feature to its network of European dealers from the end of July 2024, the firm officially announced on July 24.

At the time of the announcement, most of Ferrari's European dealers had already adopted or were in the process of adopting the new payment system that adds to the traditional ones, the firm said, adding:

"By the end of 2024, Ferrari will expand cryptocurrency transactions to other countries in its international dealer network, where cryptocurrencies are legally accepted."