#cryptonews Ferrari starts accepting crypto payments in the US A
According to Galliera, Ferrari is collaborating with crypto payment processor BitPay for Bitcoin, Ether and USDC payments in the U.S. Ferrari may work with other providers in different regions. Payment processors are responsible for ensuring that crypto payments come from legitimate sources and are not related to any criminal activity or potential tax evasion.
Bitcoin, the first cryptocurrency, was invented by its pseudonymous creator Satoshi Nakamoto in 2008 as a peer-to-peer electronic payment system. However, due to dramatic price swings and technical limitations, cryptocurrencies have yet to catch on as a major payment medium.
