Bitpay Adds APE and EUROC Support — Luxury Retail Giant Gucci Accepts Apecoin Payments

On August 2, the Atlanta-based crypto outgo services supplier Bitpay announced that it has expanded its crypto plus enactment with 2 antithetic crypto assets. Bitpay revealed the institution has integrated apecoin and euro coin into the firm’s level and the luxury retailer and decorator Gucci has announced it volition beryllium the archetypal merchant to judge apecoin done Bitpay.

APE and EUROC Now Supported by Bitpay’s Payments Platform, Gucci Becomes the First Merchant to Accept APE via Bitpay’s Services

Bitpay has added 2 caller crypto assets to the company’s outgo level aft Bitpay’s outgo processor already accepted integer currencies similar bitcoin, bitcoin cash, ethereum, xrp, dogecoin, shiba inu, and litecoin.

Alongside those coins, Bitpay supports a fewer stablecoin assets arsenic good similar Circle’s usd coin (USDC). This week, Bitpay expanded the platform’s options by adding apecoin (APE) and euro coin (EUROC).

Apecoin (APE) is good known for being a crypto plus designed for the Bored Ape Yacht Club (BAYC) metaverse called the “Otherside.” The integer currency euro coin (EUROC) is the recently launched Circle stablecoin backed by 1:1 with the euro (EUR).

Both crypto assets were launched this twelvemonth and Bitpay details that the luxury retailer and decorator Gucci volition beryllium the archetypal merchant to judge APE via Bitpay’s strategy successful U.S. stores.

Gucci already accepts 10 antithetic crypto assets and Bitpay’s co-founder and CEO Stephen Pair said luxury merchants similar Gucci, asked Bitpay to enactment APE and the caller euro-based stablecoin EUROC.

“We added apecoin and euro coin due to the fact that customers of our luxury merchant partners asked for it,” Pair said successful a connection sent to Bitcoin.com News. Bitpay besides explained that apecoin holders tin leverage the coin with the Bitpay Mastercard.

Apecoin is ranked 33 retired of much than 13,000 crypto plus marketplace capitalizations and it reached an all-time precocious 3 months agone connected April 28, 2022. At that clip APE tapped $26.70 per token and today, apecoin is down 74.5% from the all-time terms high.

Circle introduced euro coin successful mid-June 2022 and the fig of euro-pegged stablecoins has swelled 1,683% since 2020. Prior to supporting EUROC, Bitpay already supported 5 USD-pegged unchangeable coins BUSD, DAI, GUSD, USDP, and USDC.

What bash you deliberation astir Bitpay adding APE and EUROC to the company’s supported lineup of crypto assets? What bash you deliberation astir the luxury retailer and decorator Gucci accepting APE astatine its U.S. stores? Let america cognize what you deliberation astir this taxable successful the comments conception below.