Gucci Will Accept Bitcoin, Dogecoin, Shiba Inu Payments at Selected Stores

Italian fashion giant Gucci is ready to accept cryptocurrencies at its five US stores later this month.

Gucci Touches Crypto

Gucci will expand its new app across all North American stores where it operates. It will accept 12 cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Wrapped Bitcoin, Litecoin, Dogecoin Shiba Inu, and five stablecoins pegged to the US Dollar.

The first stores to implement the new payment mode: 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.

It was stated that crypto payments will be made via a link sent to the customer via email. There will be a QR code that allows them to make the payment from their crypto wallet.

With this application, it enters the list of high-end fashion brands such as Off-White.

American luxury fitness company Equinox Group has announced that it is accepting crypto payments for its New York City-based clubs.


Metaverse, NFTs and More

Gucci’s encounter with Web 3 began with a 4-minute movie called Aria, which sold for $25,000 at an online auction held by Christie’s last summer.

Expanding further into Web 3, Gucci recently purchased virtual land on The Sandbox in February. He was developing a virtual concept store called “Gucci Vault” for Gucci-themed NFTs.

Marco Bizzarri, president and CEO of Gucci, said:

Gucci is always trying to embrace new technologies where they can provide an enhanced experience for our customers. Now that we can integrate cryptocurrencies into our payment system, this is a natural progression for customers who want to have this option.

RELATED : Gucci accept cryptocurrency payments in its stores

About Hama Amefiz

Amefiz is a professional blockchain, cryptocurrency and tech journalist, regular contributor to newsbsc.com who is writing analysis about the latest developments in the cryptocurrency and blockchain space.

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