Fashion giant Gucci is planning to start accepting Bitcoin, Dogecoin, and other cryptocurrencies In the United States
Fashion giant Gucci is planning to start accepting Bitcoin, Shiba Inu, Dogecoin, and other cryptocurrencies at select locations in North America. This is great news for cryptocurrency enthusiasts and fashion lovers alike! According to a report published by Vogue Business, the luxury brand will start accepting digital currencies at its stores in New York City Los Angeles, Miami, and Las Vegas.
While it is not clear which other locations will start accepting cryptocurrencies, it is safe to assume that this luxury retailer will eventually roll out this payment option to its stores around the world, like in Australia and New Zealand.
They are set to launch a new way for shoppers to pay in-store with cryptocurrency. Customers will be able to download the app and use their mobile wallet via email, which can then scan QR codes sent by themselves or representatives from this fashion house on-site at any time during business hours. Cryptos accepted will include Bitcoin(BTC), Ethereum(ETH), Litecoin, Bitcoin Cash (BCH), Shiba Inu (Shib) , DogeCoin (Doge), and some stable coins.
“Gucci is always looking to embrace new technologies…” Marco Bizzarri, CEO says.
This move by them is a big step forward for the mainstream adoption of cryptocurrencies. As one of the most iconic luxury brands in the world, Gucci’s decision.
Gucci, a leading fashion brand
The Italian fashion house Gucci is one of the most popular brands in the world. It was founded in 1921 by Guccio Gucci in Florence, Italy. They are also known for their luxury handbags, clothing, shoes, and other accessories. Their products are sold in over 50 countries around the world. In 2017, this company generated revenue of over $9 billion. It’s owned by luxury conglomerate Kering. Francois-Henri Pinault is the CEO of Kering. Gucci has over 500 stores worldwide. They have stores in Australia and New Zealand.
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The article’s writer Noah Jones did not hold any positions in assets or companies mentioned in this article on the date of publication. His opinions are articulated herein, and the reader accepts that some opinions could change as a result of newer information being revealed.
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