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Luxury brands consider accepting crypto payments

Summary by RTÉ

Bitcoin's soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap in to fresh pockets of wealth and build loyalty with crypto investors.

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Fortune

Bitcoin's rally is nudging more luxury companies to make crypto a payment option—and sends a strong message to its younger clientele

Ferrari launched crypto payments on its ultra-luxury cars last year in response to demand from dealers and buyers who were also crypto investors.

2 months ago·New York, United States

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RTÉ

Luxury brands consider accepting crypto payments

2 months ago·Ireland

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Cryptocurrency News | Cryptocurrency Prices | Market Cap

Luxury brands embrace cryptocurrency payments as Bitcoin surges

As Bitcoin’s value continues to soar, luxury brands are seizing the opportunity to tap into this new pool of wealth. French luxury department store …

2 months ago

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theafrica.co.za

Cryptocurrency Adoption Escalates Luxury Brands Have Started Crypto Payments : The Africa

The Branded Crypto Affair Only a few luxury brands initially experimented with cryptocurrency as a payment method. The list includes Gucci, Balenciaga, Burberry, and LVMH`s Tag Heuer. They have be

2 months ago

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Investors King

Luxury Brands Consider Adopting Cryptocurrency As Payment Method

Bitcoin’s increasing dominance in the global financial system has piqued the interest of high-end fashion brands and retailers. As reported by Reuters, cryptocurrencies are being used as payment methods for purchases and various financial obligations, particularly by younger tech-savvy individuals who are often wealthy and have discretionary income. A few luxury brands, such as Hublot, Tag Heuer, Gucci, and Balenciaga, have experimented with cry…

2 months ago

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TechJuice

Bitcoin's Surge Sparks Luxury Brands' Shift Toward Cryptocurrency Payments

Bitcoin’s impressive rise in value has captured the attention of high-end fashion labels and luxury retailers, prompting many to explore cryptocurrency as a payment option. This move comes as brands seek to tap into new pools of wealth and foster loyalty among the growing base of crypto investors. Until recently, only a select few luxury brands, such as LVMH’s Hublot and Tag Heuer, and Kering-owned Gucci and Balenciaga, experimented with cryptoc…

2 months ago

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