2 years ago
Are you agelong crypto but abbreviated shoes? Gucci is present accepting crypto astatine a fistful of stores successful the U.S., according to a study successful Vogue Business.
Gucci has rolled retired the crypto outgo mechanics astatine flagship stores successful the U.S., including Rodeo Drive successful Los Angeles, Wooster Street successful New York and successful Las Vegas, with plans to grow the work to its straight operated North America stores successful the adjacent future.
Various integer assets volition beryllium accepted including bitcoin, bitcoin cash, ether, wrapped bitcoin, dogecoin, shiba inu, and a assortment of stablecoins.
Gucci volition person the crypto into fiat currency, the study said.
Various attempts to merchantability high-value items for crypto person failed due to the fact that of wealth laundering concerns and taxation implications for U.S. residents.
Payment by crypto was erstwhile accepted by developers successful Thailand for existent estate, but was banned successful March aft section authorities raised concerns astir the imaginable for wealth laundering.
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat NowDISCLOSURE
The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.
Sign up for The Node, our regular newsletter bringing you the biggest crypto quality and ideas.
By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.
English (US) 