Crypto
Luxury Brands Start to Take Cryptocurrency Payments
On-line-luxury market Farfetch will begin accepting cryptocurrency funds, following Gucci and different upmarket manufacturers in embracing Bitcoin and different types of digital cash in a bid to draw youthful consumers.
Farfetch mentioned Friday that “VIP” clients will have the ability to begin paying in Bitcoin, Ethereum and Binance Coin, in addition to 4 different cryptocurrencies, over the subsequent few months. It plans to increase the choice to all U.S. and European clients later this 12 months. Farfetch operates a web based market just like Amazon.com Inc., with merchandise from round 1,400 luxurious manufacturers together with Burberry, Prada and Versace.