Rumor: Ferrari Accepts XRP Payments in US & Europe
John Squire, a prominent crypto commentator on X, claimed Ferrari accepts XRP alongside Bitcoin, Ethereum and USD Coin for payments in the US and Europe. The rumor spread across crypto channels but lacks confirmation from Ferrari or BitPay. Ferrari has officially supported crypto payments since October 2023 via BitPay, covering BTC, ETH and USDC in select US and European dealerships. BitPay also supports XRP, making the technical addition straightforward and aligning with Ferrari’s focus on speed and low fees. While the infrastructure exists, Ferrari accepts XRP remains unverified. Major outlets continue to list only BTC, ETH and USDC. If confirmed, Ferrari accepts XRP would mark a significant step for merchant adoption of digital assets by a top luxury brand. Traders should monitor Ferrari and BitPay updates for official announcements.
Neutral
Categorized as neutral because the news remains a rumor without official confirmation from Ferrari or BitPay. Unverified reports typically have limited immediate effect on trading volumes or price volatility. Similar past instances, such as merchant adoption claims, saw minimal impact until official announcements emerged. In the short term, traders may experience brief speculation-driven price movements in XRP, but absent confirmation, these are unlikely to sustain. Long-term, if Ferrari indeed adds XRP payments, it could boost XRP’s merchant adoption narrative and support bullish sentiment. Until then, the market response should remain cautious and neutral.