Gucci, Tag Heuer to start accepting payments in cryptocurrencies in USA
By Gargi Chaudhry | First Published Aug 11, 2022, 1:25 PM ISTThe companies join luxury label Balenciaga, fast food chain Chipotle, airline major Emirates and more in accepting cryptocurrencies. Both companies tweeted that they will begin accepting ApeCoin via BitPay for purchases.
Gucci, an upscale Italian fashion brand, and Tag Heuer, a Swiss wristwatch, said on Wednesday that they will now accept cryptocurrency payments in the United States. Both businesses announced through Twitter that they will start taking ApeCoin for payments using BitPay.
The move towards crypto by Gucci comes despite the ongoing crypto bear market, in which all major crypto coins like Bitcoin, Ethereum, Dogecoin, etc. have shed heavy red blood. Customers of Gucci in the US will now be able to make in-store purchases using APE, and BitPay, a company that has previously assisted well-known companies like AMC Theaters accept cryptocurrency payments, will be in charge of managing the payment infrastructure.
Latest Videos
"Now accepting @ApeCoin payments via @BitPay, select Gucci boutiques in the USA expand the range ofcryptocurrencies available for in-store purchases, yet another step in the House's exploration of Web3," Gucci said in a tweet.
Also Read | Trouble for crypto exchange WazirX, ED freezes Rs 64.67 crore
Now accepting payments via , select Gucci boutiques in the USA expand the range ofcryptocurrencies available for in-store purchases, yet another step in the House's exploration of Web3.
— gucci (@gucci)"Now, you can not only flex your @BoredApeYC #NFTs with style on the #TAGHeuerConnected Calibre E4, but you can also buy your watch with @ApeCoin! @BitPay #crypto #blockchain," Tag Heuer wrote in its tweet, adding that it will only do so in the United States.
Now, you can not only flex your with style on the Calibre E4, but you can also buy your watch with ! 🐒⌚ pic.twitter.com/qs52peQvFC
— TAG Heuer (@TAGHeuer)Also Read | 3 Meme Coins That Will Make You Rich: Mehracki, Kishu Inu , and Floki Inu
The businesses join others in accepting cryptocurrencies, an unregulated digital currency notorious for its volatility, as a form of payment, including fashion brand Balenciaga, restaurant chain Chipotle, airline giant Emirates, and more.
subscribe to Asianet Newsable WhatsApp channel by clicking here. For more reliable and latest news
subscribe to Asianet Newsable Telegram channel by clicking here.