Gucci taps into cryptocurrency payments space

Gucci will accept cryptocurrency payments in some US stores at the end of this month, with plans afoot to extend the pilot to all of its directly operated North America stores this summer.

According to a report by Vogue Business, payments will be made with a link sent via email to the customer.

The link contains a QR code that allows them to execute the payment from their crypto wallet.

The first Gucci stores onboard are Wooster Street in New York, Rodeo Drive in Los Angeles, Miami Design District, Phipps Plaza in Atlanta and The Shops at Crystals in Las Vegas.

Gucci will accept payments in more than 10 currencies, including Bitcoin, Bitcoin Cash, Ethereum, Wrapped Bitcoin, Litecoin, Dogecoin, Shiba Inu and five stablecoins pegged to the US dollar.

American cinema giant AMC Theatres recently updated its mobile app to accept Dogecoin, Shibu Inu and other cryptocurrencies as payment across the USA.

The company first started accepting crypto payments last year, enabling customers to purchase movie tickets online using Bitcoin, Ether, Bitcoin Cash and Litecoin.

Earlier this year, Adam Aron, CEO at AMC Theatres, promised the addition of DOGE and SHIB by March.

So, a launch date of April was a little bit late, but we’re sure all you crypto fanboys and girls out there aren’t complaining.

Source: RTIH