MoonPay Launches New Swaps Feature for Trading 1500 Cryptocurrency Pairs
The popular crypto app, MoonPay, has recently introduced a new feature called Swaps. This feature enables users to trade over 1500 different cryptocurrency pairs within the app.
Ferrari and BitPay Partner to Accept Cryptocurrency Payments
In an exciting development, luxury car brand Ferrari has partnered with BitPay to enable cryptocurrency payments for their vehicles. Enrico Gallera, Ferrari’s Chief Marketing and Commercial Officer, announced that customers can now use BTC, ETH, and USDC to purchase luxury cars. Initially, this payment option is only available to US dealers but will expand to Europe in the future. BitPay facilitates the conversion of crypto into fiat currency at the time of payment, allowing dealers to accept dollars or euros.
Bitcoin Price Spike Possibly Influenced by Ferrari Partnership
The news of Ferrari accepting cryptocurrency payments may have contributed to Bitcoin experiencing a price spike over the weekend. Bitcoin reached a high of $29,260 following the announcement. As of now, the value of BTC is approximately $28,450.
Hot Take: MoonPay Expands Trading Options While Ferrari Embraces Crypto Payments
With MoonPay’s introduction of the Swaps feature, crypto traders now have access to a wide range of trading pairs on their platform. Additionally, the partnership between Ferrari and BitPay showcases increasing acceptance and adoption of cryptocurrencies in various industries. This move not only provides convenience for customers but also highlights the growing legitimacy of digital currencies as a means of transaction in high-end markets. As more businesses embrace cryptocurrencies, we can expect further mainstream adoption and integration into our everyday lives.
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