Report: Luxury Fashion Retailer Farfetch to Accept Crypto Assets for Payments
The British-Portuguese luxury fashion retailer Farfetch said it will accept crypto assets soon thanks to a partnership with the German crypto platform Lunu. Farfetch will accept seven different crypto assets including bitcoin, ethereum, and binance coin, and the feature will be rolled out to select clients and then expanded to the general public. Luxury House Farfetch Partners With Lunu and Plans to Accept 7 Different Crypto Assets for Payments Luxury and high-end fashion houses are dipping their toes into the world of digital currencies and blockchain concepts like....
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The luxury retailer will begin accepting bitcoin as payment in select locations as a trial with plans to extend to the whole customer base.
Farfetch is the most recent premium fashion brand to experiment with digital currencies. Later this year, the luxury apparel business will begin taking bitcoin payments on its marketplace. The cryptocurrency payment feature will be tested at luxury boutiques across the European Union before being extended out to the United States, Europe, and the United Kingdom. Cryptocurrency […]
The Italian luxury brand Michele Franzese Moda has announced the firm is accepting crypto assets for payments. The company revealed the decision via Michele Franzese Moda’s online magazine in an article called “Its Time for Crypto.”
Italian luxury Brand Michele Franzese Moda Says ‘Its Time for Crypto’
According to the company’s fashion news blog, Michele Franzese Moda will accept bitcoin (BTC) and a number of other crypto assets for items stemming from the luxury catalog. The announcement post says that it’s time for the luxury....
The avant-garde fashion powerhouse Balenciaga is not about to be left behind and is preparing to accept cryptocurrencies as a payment option for its American clientele. The French luxury company announced that it will accept Bitcoin and Ethereum payments in the United States starting next month. Given the decline in value of most crypto assets […]
High-end fashion house Gucci will begin accepting cryptocurrencies at some of its stores this month, including bitcoin, ether, dogecoin, and shiba inu. The company plans for all of its directly operated stores in North America to accept crypto by this summer. Gucci to Start Accepting Crypto Payments Italian high-end luxury fashion house Gucci will start accepting cryptocurrency payments in five stores later this month, Vogue Business reported Wednesday. The five stores are located in New York City (Wooster Street), Los Angeles (Rodeo Drive), Miami (Design District), Atlanta (Phipps Plaza),....