Gucci stores in US to accept cryptocurrencies


Washington, May 6 (IANS): Italian luxury brand Gucci will start accepting payments in cryptocurrencies in some of its stores in the US.

Customers will be able to pay using a number of cryptocurrencies, including Bitcoin, Ethereum and Litecoin, the BBC reported.

The service will be rolled out later this month at some of its flagship outlets, including Rodeo Drive in Los Angeles and New York's Wooster Street, the report said.

Gucci, owned by France's Kering, joins a growing number of companies that have started to accept virtual currencies, according to the BBC report.

The firm said it will also accept payments in Shiba Inu and Dogecoin, a so-called "meme" cryptocurrency that was originally created as a joke.

Customers paying in stores with cryptocurrencies will be sent an email with a QR code to use with a digital asset wallet, a financial transaction app that runs on mobile devices.

The brand said it plans to introduce the policy to all the North American stores it operates directly in the near future.

The announcement by such a high-profile brand marks another step forward for the acceptance of cryptocurrencies by mainstream businesses.

Gucci is the latest big name to announce that it will take cryptocurrency as payment.

Some of the world's biggest brands now accept digital currencies, including technology giant Microsoft, US telecoms firm AT&T and coffee chain Starbucks.

 

  

Top Stories


Leave a Comment

Title: Gucci stores in US to accept cryptocurrencies



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.