• Cloud_Botherer@lemmy.world
    link
    fedilink
    arrow-up
    39
    ·
    1 year ago

    Seems like they aren’t actually accepting crypto. They made a deal with a crypto exchange to act as an intermediary. A buyer pays Bitpay in crypto and Bitpay exchanges it to cash to pay Ferrari. Ferrari will never actually holds any crypto.

    • magnetosphere@kbin.social
      link
      fedilink
      arrow-up
      4
      ·
      1 year ago

      A “crypto exchange” sounds like an interesting, high-risk company. Could be hugely profitable, could tank at any moment.

        • magnetosphere@kbin.social
          link
          fedilink
          arrow-up
          1
          ·
          edit-2
          1 year ago

          Getting hacked is an extremely foreseeable issue. Unless the hackers were especially clever, unpredictable, or talented, I don’t have a ton of sympathy for crypto businesses that aren’t prepared.

          • botengang@feddit.de
            link
            fedilink
            arrow-up
            1
            ·
            1 year ago

            I have some sympathy for their customers… security isn’t obvious. If the crypto is gone its gone. It’s not like a data leak or something.

    • Fisk400
      link
      fedilink
      arrow-up
      1
      ·
      1 year ago

      So it’s one of those stickers that early crypto mongers put in windows of stores saying that they take crypto and then taking a picture of it to make crypto seem useful.

      Bitpay is basically paying Ferrari to not sue them when they claim that Ferrari accepts bitcoin.

    • 4am@lemm.ee
      link
      fedilink
      English
      arrow-up
      3
      ·
      1 year ago

      Charles Leclerc is going to run out of tears, they can’t keep getting away with it