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A BitPay report released in 2023, has shown that XRP saw a notable increase in usage for payment transactions on BitPay, with a 42% rise in transaction volume.
cryptocurrency, crypto asset, blockchain, CBDC, digital currency
European paytech giant Nexi, together with independent provider of sectorial and territorial studies, Nomisma, and the Italian Ministry of Tourism partner to boost local tourism.
partnership, travel payments, online payments, digitalisation, digital payments, cashless
Payment network Affirm has announced a partnership with Hong Kong-based global airline Cathay Pacific where it will act as its exclusive US pay-over-time partner.
partnership, payments , payment methods, BNPL, instalment payments, travel payments, paytech, fintech, ecommerce
Alice Liv, Co-Founder of the open metaverse SecondLive, elaborates on immersive ecommerce experiences in the metaverse and the latter's impact on the future of global ecommerce.
cross-border payments, metaverse, NFT, ecommerce, digitalisation
Amazon has set its eyes on the Web3 space and is looking to launch its own gaming focused NFT programme in spring 2023.
NFT, crypto asset, ecommerce, web3
payment methods, cryptocurrency, crypto payments, NFT, ecommerce, digital payments, digital wallet
BitPay, provider of Bitcoin and cryptocurrency payment services, has announced support for two new cryptocurrencies: ApeCoin (APE) and Euro Coin (EUROC), with Gucci starting to use ApeCoin.
cryptocurrency, ecommerce, digital wallet, digital payments, digital assets
Canada-based creator of NFT collection on the Ethereum blockchain, CryptoPunks, has announced that users can buy a handcrafted pendant modeled after their NFT from American luxury jewellery brand, Tiffany & Co.
NFT, blockchain, Ethereum, luxury goods, cryptocurrency, crypto, crypto asset, digital assets, Web 3.0, web3, metaverse
Luxury fashion house Balenciaga has announced it will begin accepting Bitcoin and other cryptocurrencies as payment online and in select physical locations.
cryptocurrency, payment methods, Bitcoin, payment processing, ecommerce
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.
retail, cryptocurrency, mobile payments, Bitcoin, Ethereum, stablecoin, digital assets
UK-based financial service provider Sokin has announced it will enable full ecommerce payments in the metaverse, allowing businesses to boost their sales by switching from physical stores to the virtual world.
NFT, metaverse, ecommerce, ecommerce platform, luxury goods
Mark Beresford, Director at Edgar, Dunn & Company (EDC), elaborates on how the metaverse will impact online commerce and what are the payment rails that best fit this new context
Gucci, Alibaba, Tmall Luxury Pavilion, China, ecommerce, online payments, luxury brands, product launch, coronavirus, pandemic, COVID-19
Influencer-driven shopping app Liketoknow.it has announced plans of expanding into video shopping.
Liketoknow.it, video shopping, retailers, Walmart, Target, Nike, Lululemon, Net-a-Porter, Chanel, Gucci, Saint Laurent
Farfetch has announced its intention to go public with an offering on the New York Stock Exchange.
ecommerce, Farfetch, luxury ecommerce, fashion, UK
THE LIST, a Dubai-based luxury ecommerce platform, has raised USD 1.7 million investment in a seed round from local and European VC firms.
THE LIST, ecommerce, Middle East, investment, Europe, Dubai, startup
Alibaba has received a lawsuit from various luxury companies, including Gucci and Yves Saint Laurent, wherein they claim that Alibaba intentionally allowed the sale of counterfeit luxury product in its ecommerce website.
Alibaba, luxury companies, online sales, marketplace, ecommerce, fake products, sue, representatives, legal action, customer
TheWatchery.com, an online retailer of luxury goods, has partnered iGlobal Stores, a software provider, to provide its global customers with accurate item information.
TheWatchery.com, iGlobal Stores, partnership, accurate information, item, fee, tax, transaction processing