John Squire, a prominent voice in the cryptocurrency community on X, recently shared an update that Ferrari has begun accepting XRP, alongside other digital assets, for payments in both the United States and Europe. The statement quickly circulated across crypto-focused channels, fueling speculation that one of the world’s most iconic luxury carmakers may expand its cryptocurrency payment options beyond the most established assets. While the claim is gaining traction online, no official Ferrari announcement has yet confirmed XRP’s inclusion.
Ferrari has publicly confirmed that it accepts cryptocurrency payments in select markets. In October 2023, the company announced that U.S. customers could purchase vehicles using Bitcoin, Ethereum, and USD Coin (USDC) through BitPay, a leading crypto payments processor. In early 2024, the company extended the program to eligible European dealerships, with plans to expand further where local regulations permit.
Ferrari positioned the move as a customer-driven decision, citing growing demand from its clientele for alternative payment methods. The company emphasized that all cryptocurrency transactions are converted immediately into fiat currency, insulating its dealers from price volatility while ensuring full compliance with local tax and regulatory requirements.
Although Ferrari’s official announcements have not explicitly named XRP as an accepted asset, its partnership with BitPay makes the possibility technically feasible. BitPay currently supports XRP payments, enabling merchants to receive the cryptocurrency from customers while instantly converting it to fiat currency at settlement.Â
This infrastructure means that if a Ferrari dealer opted in, XRP could be processed through the same payment rails as Bitcoin, Ethereum, and USDC without altering Ferrari’s operational risk profile. This technical capability may have contributed to the plausibility of Squire’s claim, particularly given XRP’s low transaction costs and rapid settlement times, features that align well with the luxury brand’s emphasis on speed and efficiency.
If confirmed, Ferrari’s acceptance of XRP would carry both symbolic and practical weight. Symbolically, it would represent one of the most prestigious global brands recognizing XRP as a legitimate payment method, expanding its visibility beyond the cryptocurrency trading sphere into real-world, high-value commerce. Practically, it would signal that major merchants are willing to broaden their cryptocurrency options beyond Bitcoin and Ethereum, especially when backed by robust payment processors capable of mitigating volatility and compliance risks.
Investors, XRP holders, and enthusiasts should monitor Ferrari’s official communication channels, dealership announcements, and updates from BitPay for confirmation. Until then, while the infrastructure to accept XRP exists within Ferrari’s current payment framework, its actual use for purchasing vehicles in the U.S. or Europe remains unverified. As the cryptocurrency payment landscape continues to evolve,
