- Ferrari allows customers to pay in XRP, SHIB, BTC, and more for luxury cars.
- Cryptocurrency space is recognized for carbon emission reduction efforts.
- Shiba Inu restores crucial coalescent resistance after a week-long hiatus.
Horsepower meets crypto power in a groundbreaking move by Ferrari. The company affirmed the addition of multiple popular cryptocurrencies to the mass media giant Reuters. Ferrari’s Chief Marketing and Commercial Officer Enrico Galliera revealed that the cryptocurrency sector is making a positive change by reducing its carbon emissions, evident in Ethereum’s switch to Proof of Stake (PoS) last year.
The Italian car maker based in Maranello, Italy, also disclosed the target to reach for carbon neutrality, stating that “carbon neutrality by 2030 along our whole value chain is absolutely confirmed,” while some competitor mainstream vehicle manufacturers like Kia and Hyundai are already implementing blockchain technology to track the carbon footprint of their production.
From now on, the legendary Italian luxury car maker Ferrari accepts Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Shiba Inu (SHIB), and leading stablecoins, such as Tether USD (USDT) and USD Coin (USDC). Crypto enthusiasts on X cheered Ferrari’s move, as the affluent clientele includes a group of crypto investors who made their fortunes on the blockchain.
Shiba Inu Softly Rebounds Above Key Resistance
The surge of adoption of both XRP & SHIB in the United States in the last two weeks has quite a few important highlights. Firstly, $SHIB and $XRP were added to FCF Pay’s blockchain bill payment system, which became available across 20,000 merchants in the United States.
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This allows American customers to pay their electricity and mortgage bills in legacy banks like Chase Bank and HSBC. However, after DailyCoin requested a comment, Chase Bank representatives explained that FCF Pay doesn’t hold a contract with the traditional bank but uses an off-ramp solution to convert the customer’s cryptocurrency into fiat.
Following the adoption news, Shiba Inu bounced back 1.2% in the last 24 hours after two weeks of trading in a descending parallel channel. At press time, SHIB is changing hands at $0.00000712, according to CoinGecko. With a slight 1.5% upturn, Shiba Inu reclaimed the confluent resistance level at $0.000007 after a week’s hiatus.
On the Flipside
- Despite the heavy demand, the possibility of paying for Ferrari cars in crypto is not available in Europe yet.
Why This Matters
Collaboration between blockchain and traditional finance often bears fruit in retail adoption cases.
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