TL; DR
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Understand this: approximately $1 trillion (with a T) in revenue is generated through e-commerce every year.
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Ferrari recently spotted an opportunity and set up a blockchain payment system that will help it move funds from newly minted Bitcoin millionaires.
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The new profession looks something like this: Buy a Ferrari with BTC, in just a few clicks.
Full story
Understand this: approximately $1 trillion (with a T) in revenue is generated through e-commerce every year.
Google and Facebook are trying to capture as much of that value as possible by selling advertising space to e-commerce companies.
In the crypto world, the process of capturing value is a lot simpler – and it goes something like this:
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Accept crypto as payment.
That is it. That’s all it takes.
The idea is: the crypto world is full of new rich people, looking to spend their new found fortune.
…but there is a dire lack of places to actually transact in crypto, naturally.
Ferrari recently noticed this opportunity and set up a blockchain payment system that will help it move funds from newly minted Bitcoin millionaires.
The new profession looks something like this:
Send BTC to an exchange, convert it to dollars, send those dollars to a bank account, use money to buy a sports car from Ferrari’s competition.
USA
Buy a Ferrari with BTC, in just a few clicks.
Smart!