Gucci makes it to the crypto run globally

The prominent Italian fashion company Gucci has approved the purchase of its high-end handbags and other luxury products using cryptocurrencies.

As per Gucci, bitcoin will be allowed as a payment source by the company. The company tweeted, “Starting later this month, customers can pay for the Gucci items with crypto at some of Gucci’s flagship stores, including Rodeo Drive in Los Angeles and Wooster Street in New York.”

Furthermore, the company added that it would authorize payments in other digital currencies such as Ethereum, dogecoin, Shiba Inu, Litecoin, and a few US dollar-pegged stable coins. 

Gucci, owned by France’s Kering SA, aims to expand its services to its current operational North American stores. 

Author: Abhishek Kumar

A self-believer who loves to learn and spread the light of wisdom in his community. You could find him writing about finance, cryptos, and marketing. Moreover, he loves to read non-fiction and drink non-alcoholic drinks.

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