cover

Italian Fashion Firm Gucci To Accept Bitcoin, Etherium, Others From May

 

Italian fashion brand, Gucci, will accept payments in cryptocurrencies in the U.S. beginning from May.

Gucci will accept cryptos in selected stores across the US.

The shops to receive the crypto assets are Wooster Street in New York, Rodeo Drive in Los Angeles, Miami Design District, Phipps Plaza in Atlanta and the Shops at Crystals in Las Vegas, according to Vogue Business.

Gucci will also accept payments in more than 10 cryptocurrencies including: Bitcoin, Bitcoin Cash, Ethereum, Wrapped Bitcoin, Litecoin, Shiba Inu and five stablecoins pegged to the US dollar.

The fashion giants will also accept Dogecoin, a crypto founded by Jackson Palmer.

Marco Bizzarri, Gucci president and CEO said, “Gucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers.

“Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.”

Many brands have been testing blockchain technologies like crypto as a pay form, but the use has been frustrated by many Central Banks.

Brands like Microsoft, PayPal, AT&T and Starbucks have already adopted some cryptos as payment for their products.

 

Oluwasegun Adesuyi

Recent Posts

Peter Obi, Atiku had nothing to offer -Doyin Okupe …says 2023 election was not rigged

Peter Obi, Atiku had nothing to offer -Doyin Okupe ...says 2023 election was not rigged…

18 hours ago

Access Bank Named Only Nigerian Company on Forbes 2024 World’s Best Employers List

Access Bank Named Only Nigerian Company on Forbes 2024 World’s Best Employers List   In…

2 days ago

Health, Insurance, And Entrepreneurship Lectures To Take Centre Stage At NASRE Foundation’s End- Of-Year Support To Ailing Journalists Others

Health, Insurance, And Entrepreneurship Lectures To Take Centre Stage At NASRE Foundation’s End- Of-Year Support…

2 days ago

ZENITH BANK HOLDS TECH FAIR, ‘FUTURE FORWARD 4.0’, IN LAGOS

ZENITH BANK HOLDS TECH FAIR, ‘FUTURE FORWARD 4.0’, IN LAGOS The Fourth Edition of the…

2 days ago

How Sports Can Help Boost Nigeria’s Greatness – Obasa

How Sports Can Help Boost Nigeria's Greatness - Obasa - commissioner says govt passionate about…

4 days ago

Adron Homes Welcomes New Executive, Emphasizing Commitment to Professional Excellence

Adron Homes Welcomes New Executive, Emphasizing Commitment to Professional Excellence In a strategic move to…

5 days ago