MILAN -- Ferrari has started to accept payment in cryptocurrency for its sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers, Enrico Galliera, the automaker’s marketing and commercial chief told Reuters.
The vast majority of blue-chip companies have steered clear of crypto as the volatility of bitcoin and other tokens renders them impractical for commerce.
Patchy regulation and high energy usage have also prevented the spread of crypto as a means of payment.
These include Tesla, which in 2021 began to accept payment in bitcoin, the biggest crypto coin, before CEO Elon Musk halted it because of environmental concerns.
Galliera, Ferrari's Chief Marketing and Commercial Officer, told that Reuters cryptocurrencies had made efforts to reduce their carbon footprint through the introduction of new software and a larger use of renewable sources.
"Our target to reach for carbon neutrality by 2030 along our whole value chain is absolutely confirmed," he said in an interview.