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’s Official Cryptocurrency Payment Rollout

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.

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Ferrari accepts #XRP and other cryptocurrencies for payments in the US & Europe.

Fast cars, faster payments — the perfect fusion of speed and innovation pic.twitter.com/P22AugCAFL

— John Squire (@TheCryptoSquire) August 8, 2025

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.

XRP’s Potential Path to Inclusion

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. 

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.

Distinguishing Fact from Speculation

Despite the plausibility, it is important to note that the inclusion of XRP in Ferrari’s payment program has not been confirmed by Ferrari or BitPay. Major media reports covering Ferrari’s crypto payment rollout, including those from Reuters, continue to cite only Bitcoin, Ethereum, and USDC as accepted assets. Without an official press release or dealership-level confirmation naming XRP specifically, the claim remains speculative.

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The speed with which Squire’s statement spread highlights the appetite within the XRP community for merchant adoption news, as well as the broader interest in seeing major luxury brands diversify their cryptocurrency acceptance. However, until official documentation emerges, this development should be viewed as an unverified rumor rather than a confirmed fact.

Why XRP Adoption by Ferrari Would Be Significant

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.

What Comes Next

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, the luxury automotive sector may become an increasingly visible arena for adoption trends. If Squire’s claim proves accurate, it could mark another milestone in bridging digital assets and high-end consumer markets.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Notably, the sports car manufacturing company has kick-started cryptocurrency payments for its vehicles in the United States, which could soon extend to European nations. 

The latest development was made public by Enrico Galliera, the chief marketing and commercial officer at the sports car manufacturing company.

Read Also: Honda Embraces Payments in XRP and Shiba Inu (SHIB): Details

According to the report, the new development came about following requests from the company’s numerous customers and dealers that seemed to now invest heavily in crypto. 

Enrico remarked, “Some are young investors who have built their fortunes around cryptocurrencies. Some others are more traditional investors who want to diversify their portfolios.”

How Ferarri Plans To Circumvent Crypto Volatility

It is general knowledge that cryptocurrencies are volatile payment options and should not be considered sustainable payment choices. 

However, Ferrari seemed to recognize this peculiar problem and came up with an excellent initiative to tackle the issue. The sports car manufacturing company has revealed that BitPay will handle the initial phase of cryptocurrency payments for Ferrari products in the U.S.

According to Enrisco, BitPay will convert every crypto payment into traditional currencies as soon as the payments are made to avoid risking losses, which might emanate from price declines due to crypto price instabilities. 

For context, BitPay is a leading cryptocurrency processor firm based in the United States. It accepts payments via cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB), XRP, etc. It converts these coins to traditional currencies.

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Read Also: Shiba Inu (SHIB) and XRP Holders Need to Take Note of This Binance Announcement

Implication Of BitPay’s Adoption For SHIB And XRP

The sports vehicle manufacturing firm adopting BitPay to handle its payments in the United States implies that holders of XRP and SHIB can now purchase Ferrari products with their crypto holdings. 

The above implies that XRP and SHIB are expanding in terms of utility and adoption, which would undoubtedly make both coins attract more users. At the time of writing, SHIB is changing hands at $0.00000702 while XRP is priced at $0.49. 

Meanwhile, Enrisco disclosed that most Ferarri dealers in the United States have reviewed and accepted the initiative. He added that he is confident that the remaining merchants would buy the idea. 

The chief marketing officer also noted that the sports car manufacturing firm plans to extend the crypto payment scheme to Europe by the first quarter of next year, followed by other regions of the world where crypto payments are accepted.

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