• Cloud_Botherer@lemmy.world
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    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
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      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
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          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
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            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@feddit.nu
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      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.