Fashion giant Gucci to start accepting crypto payments
Italian high-end luxury fashion house Gucci is looking to add crypto as a payment option in some of its U.S. stores from late May, with plans to expand the pilot to all its North American stores by summer 2022.According to a May 4 report, Gucci will accept in-store crypto payments by emailing customers a link comprising a QR code. After scanning the QR code, customers will be able to complete the transaction through their crypto wallets.
The first Gucci stores to accept crypto payments 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.The company will accept more than ten cryptocurrencies for payments. These include Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Wrapped Bitcoin (wBTC), Litecoin (LTC), Shiba Inu (SHIB), Dogecoin (DOGE), and five stablecoins pegged to the U.S. dollar.
Italian high-end luxury fashion house Gucci is looking to add crypto as a payment option in some of its U.S. stores from late May, with plans to expand the pilot to all its North American stores by summer 2022.According to a May 4 report, Gucci will accept in-store crypto payments by emailing customers a link comprising a QR code. After scanning the QR code, customers will be able to complete the transaction through their crypto wallets.
The first Gucci stores to accept crypto payments 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.The company will accept more than ten cryptocurrencies for payments. These include Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Wrapped Bitcoin (wBTC), Litecoin (LTC), Shiba Inu (SHIB), Dogecoin (DOGE), and five stablecoins pegged to the U.S. dollar.