Ferrari to start accepting crypto as payment in the US

In the Crypto space adoption is still in a better place because even though we are in the bear market many companies are entering Crypto. It is now well known that many technology companies are exploring blockchain and cryptocurrencies to see how they can build something that can be a great source of revenue for them. Blockchain is a scalable solution and with crypto payment industry is going through a revolution but it is in the initial stage so we need to be ready for an exciting future.

While this is going great there is another fantastic news that can make you feel excited and it is about Ferrari. Now Ferrari will be accepting cryptocurrency as a payment option in the US for its cars and we know that they build highly expensive cars. It simply means that the company will be dealing with cryptocurrency in bigger amounts and it has opened the door for the people who hold crypto to buy Ferrari using their crypto assets. I'm not sure how people will take this news but I believe it's big news and we should not be missing it.

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If Ferrari as a company can start accepting the Crypto experiment option then it will not be a surprise if many other car manufacturers also follow the same trend because they will always try to bring more options for their customers. I am sure that Ferrari must have done some homework before announcing this change which simply means that it is a doable solution and many other car manufacturing companies can also follow the same trend.

In the crypto market trends are followed which means if something is adopted by one company then the same will be done by many others and that is how it works. We have seen the same momentum ongoing in spot and future ETFs how many companies have come forward to apply for their ETFs and similarly, if the same momentum like Ferrari has been followed by different companies then just imagine how much demand is going to be increased. More use cases of crypto means higher adoption and more demand in the market which will result in price appreciation.

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