Crypto-Follow logo Crypto-Follow logo
Seeking Alpha 2022-05-05 17:29:08

Gucci to accept bitcoin payments in some U.S. stores - Vogue

Luxury Italian fashion house Gucci is embracing the digital asset ecosystem following its move to accept payments in bitcoin (BTC-USD) and other cryptocurrencies in five U.S. stores by the end of May, according to a report from Vogue May 4. Gucci will also take bitcoin cash (BCH-USD), ethereum (ETH-USD), wrapped bitcoin (WBTC-USD), litecoin (LTC-USD), shiba inu (SHIB-USD) and five stablecoins pegged to the U.S. dollar. As part of its testing phase, the first Gucci stores to accept crypto include Wooster Street in New York, Rodeo Drive in Los Angeles, Miami Design District, Phipps Plaza in Atlanta and The Shops at Crystals in Las Vegas, Vogue reported. The Gucci stores will send a QR code to the customer's email, allowing them to send payments from their crypto wallet. “Gucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers,” CEO and President Marco Bizzarri said

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer