Gucci to Accept Crypto Payments in Retail Stores

High-end manner location Gucci volition statesman accepting cryptocurrencies astatine immoderate of its stores this month, including bitcoin, ether, dogecoin, and shiba inu. The institution plans for each of its straight operated stores successful North America to judge crypto by this summer.

Gucci to Start Accepting Crypto Payments

Italian high-end luxury manner location Gucci volition commencement accepting cryptocurrency payments successful 5 stores aboriginal this month, Vogue Business reported Wednesday.

The 5 stores are located successful New York City (Wooster Street), Los Angeles (Rodeo Drive), Miami (Design District), Atlanta (Phipps Plaza), and Las Vegas (The Shops astatine Crystals).

Gucci volition judge bitcoin, bitcoin cash, ethereum, wrapped bitcoin, litecoin, dogecoin, shiba inu, and 5 stablecoins pegged to the U.S. dollar, the work conveyed.

These coins are the ones supported by fashionable crypto outgo work supplier Bitpay, which besides supports GUSD, USDC, USDP, DAI, and BUSD stablecoins.

Marco Bizzarri, the president and CEO of Gucci, commented: “Gucci is ever looking to clasp caller technologies erstwhile they tin supply an enhanced acquisition for our customers.” He added:

Now that we are capable to integrate cryptocurrencies wrong our outgo system, it is simply a earthy improvement for those customers who would similar to person this enactment disposable to them.

The work added that the manner location plans for each of its straight operated North American stores to judge crypto payments by this summer.

Gucci has been ramping up its non-fungible token (NFT) and Web3 efforts. The institution precocious established a Web3-focused squad and released a fewer NFTs.

The manner location is besides establishing a beingness successful the metaverse. It is processing integer existent property successful The Sandbox. The 2 companies “will collaborate to make an interactive manner acquisition based connected Vault, Gucci’s conceptual abstraction and gathering spot inspired by puerility memories of the hunt for beauty,” they antecedently announced.

What bash you deliberation astir Gucci stores accepting cryptocurrency? Let america cognize successful the comments conception below.

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