0 sats \ 1 reply \ @ClubAlpaca 6 May 2022 \ on: Gucci to Begin Accepting Bitcoin in Some Stores - Decrypt bitcoin
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
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
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