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Crypto News: Buying a Ferrari with crypto

Crypto News: Buying a Ferrari with crypto

Welcome to another new crypto news summary. All the important news and events within the world of cryptocurrency from last week are summarized for you below so that you are completely up to date again before you head into the weekend.

Do you want to know what news there was within the world of cryptocurrency this week? Then read on quickly!

Paying for your new car with crypto? At Ferrari, it will soon be possible.

Ferrari, the iconic car brand known for luxury and innovation, has just taken a groundbreaking step into the world of payments. That's because the Italian company has announced that it will soon accept cryptocurrencies as a means of payment for their coveted sports cars. Ferrari will soon start accepting payments in cryptocurrency in the United States. It won't stop there, as the company has plans to introduce this payment method in Europe as well.

By adopting cryptocurrency, Ferrari hopes to use it to attract a source of new, eager buyers. This also has to do with market demand. Several of Ferrari's (potential) customers are young investors who are familiar with cryptocurrency and who have often made significant investments.

When purchasing a car with cryptocurrency, the crypto is immediately converted into dollars. The company does this by preventing fluctuations in value. Therefore, this also makes it no more expensive for the customer to settle in crypto.

Dutch cryptocurrency project commits to fighting poverty

An emerging Dutch crypto project called Glo Dollar has announced very ambitious plans. Glo Dollar wants to use its stablecoin to fight global poverty.

Glo stands for Global Income Coin. Glo Dollar is a stablecoin tied to the U.S. dollar. 100% of the profits made by the project go to people living in poverty. To determine who is entitled to the profits, the poverty line is used. About 10% of the world's population falls into this category.

Regardless, Glo Dollars owners, without having to donate anything, contribute to reducing poverty. For example, you generate $24 in basic income for people in poverty with the purchase of $1,000 in Glo Dollars.

Glo Dollars also hopes to appeal to people interested in cryptocurrency through this project. With this project, Glo Dollars wants to show that the world of cryptocurrency has much more to offer.

 Netflix releases crypto-related movie: 'Crypto Boy'

Netflix is coming out with a new Dutch film called 'Crypto Boy' starting this week. This new movie is about the world of cryptocurrency and Bitcoin (BTC) and its appeal to the younger generation.

The film is about the story of Amir, a delivery boy at his father Omar's Mexican restaurant. Amir has many arguments with his father, as the two have huge differences of opinion. Omar runs a Mexican restaurant that is running very poorly. He has little regard for modernization, which is why few customers come. Amir is a delivery boy at his father's restaurant, but his father mainly sees him as an irresponsible idler who is not ready to take over from his father.

Amir happens to attend a presentation by an inspiring crypto entrepreneur. Amir is triggered by this man's promises and wants to show his father what he is worth. He decides to delve into the crypto world and completely loses himself in a crypto start-up.

Gaming platform Roblox now accepts XRP

Another piece of good news for crypto adoption in the gaming world. Roblox, a gaming platform with as many as 200 million monthly and 65.5 million daily users, now accepts payments with XRP.

So payments with the cryptocurrency XRP are now supported by Xsolla, the payment platform used by Roblox. This payment platform focuses on computer games and works with big names such as Steam, Twitch and Fortnite. However, these platforms do not accept direct payments with crypto.

However, Roblox has mostly younger users. For example, an average of 44% of the platform's active users are under 13 years old. Still, the acceptance of XRP on Roblox's platform is a nice step in cryptocurrency adoption. Roblox has a net worth of a whopping $16.97 billion.