Gucci to accept crypto payments in store

Thursday 5 May 2022 12:15 CET | News

Italy-based high-end fashion label Gucci has announced it will begin accepting cryptocurrency payments by the end May 2022 in five of its United States stores, according to CoinTelegraph.


Gucci also plans to extend the service to all of its 111 stores in North America. Gucci will accept 12 cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Wrapped Bitcoin (wBTC), Litecoin (LTC), Shiba Inu (SHIB), Dogecoin (DOGE), and five US dollar stablecoins, according to Vogue Business.

Customers paying with crypto in-store at the pilot locations in New York, Los Angeles, Miami, Atlanta, and Las Vegas will be sent an email with a QR code to pay through their digital asset wallet. Employees have started to undertake training and education on crypto, nonfungible tokens (NFTs), and Web 3.0 in preparation for the launch.

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Keywords: retail, cryptocurrency, mobile payments, Bitcoin, Ethereum, stablecoin, digital assets
Categories: Banking & Fintech
Companies: Gucci
Countries: United States
This article is part of category

Banking & Fintech


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