According to PANews, Ferrari is set to extend its cryptocurrency payment services to Europe by the end of July. The luxury sports car manufacturer, headquartered in Maranello, Italy, began accepting cryptocurrencies in the United States last October through a partnership with BitPay. The accepted tokens include Bitcoin, Ethereum, and USDC.

Reuters reported that Ferrari is expanding this initiative to Europe to better support dealers in meeting the evolving needs of their customers. The company also plans to further extend this service to other markets by the end of 2024.