But Saudi Arabia and the UAE and other gulf countries have their own ways of getting sports cars. They don't need to buy it directly from the manufacturer, they can just go whatever importer is bringing Ferraris into their country and buy from there. I think that's how they've always been doing it. Plus, they're not too crazy about Bitcoin over there and prefer to use wire transfers.
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quote author=NotATether link=topic=5504054.msg64358436#msg64358436 date=1721899332]
As they use a third-party service - Bitpay, they want to be sure that the crypto paid to them will be converted quickly into cash/fiat. That's what they want and they can avoid crypto's volatility. That's actually a good market for them to take over not just in the US but also in European countries. Soon, what other markets are they going to cover, and will start receiving payments in crypto? Middle East I guess as that's a huge market there and there are countries like UAE and Saudi Arabia that are avid customers of sports cars like Ferrari. And then, "when Lambo" is going to be the next? I guess folks here still remember those two words.