Gucci to Begin Accepting Bitcoin in Some Stores - Decrypt \ stacker news ~bitcoin

Gucci to Begin Accepting Bitcoin in Some Stores - Decrypt decrypt.co/99504/gucci-begin-accepting-bitcoin-some-stores

25 sats \ 4 comments \ @JustDavids 6 May 2022 bitcoin

21 sats \ 0 replies \ @TheBTCManual 6 May 2022

LOL perfect, sell shitcoin clothes to shitcoiners, gucci will likely dump and hodlers can pick up that cheap sats, while shitcoiners flex their stupidity

33 sats \ 0 replies \ @zuspotirko 6 May 2022

The only "crypto" that Gucci needs are a centralized database and an NFC chip in every handbag (like a credit card basically) to verify the real ones via an app.

I do hate Gucci, LV etc. and would never buy something like this ... but ... I do hate fakers even more.

0 sats \ 1 reply \ @ClubAlpaca 6 May 2022

Here's also another post, here on SN, on this development:

Gucci to accept crypto in leap for luxury industry #25557 https://www.voguebusiness.com/technology/gucci-takes-the-leap-will-accept-crypto-in-us-stores

0 sats \ 0 replies \ @ClubAlpaca 6 May 2022

And another article, this one from Bitcoin Magazine:

Customers will be able to pay with bitcoin and a handful of other cryptocurrencies. The store will send a QR code to the customer’s email, allowing customers to interact with the wallet of choice.

The report states that typical retailer setups enabling companies like Gucci to accept cryptocurrencies usually consist of the retailer automatically converting the cryptocurrency into fiat. However, it is not directly stated whether Gucci plans to make an instant conversion to U.S. dollars or hold the bitcoin received as payment.

Gucci To Accept Bitcoin, Crypto In Select U.S. Stores https://bitcoinmagazine.com/business/gucci-to-accept-bitcoin-crypto-in-select-u-s-stores