Luxury Brands Start to Take Cryptocurrency Payments

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Online-luxury market Farfetch will begin accepting cryptocurrency funds, following Gucci and other upmarket brands in embracing Bitcoin and different types of digital cash in a bid to entice youthful customers.

Farfetch stated Friday that “VIP” prospects might be in a position to begin paying in Bitcoin, Ethereum and Binance Coin, in addition to 4 different cryptocurrencies, over the following few months. It plans to lengthen the choice to all U.S. and European prospects later this 12 months. Farfetch operates a web-based market comparable to Amazon.com Inc., with merchandise from round 1,400 luxurious manufacturers together with Burberry, Prada and Versace.

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