Marking the first endorsement by a major player in the fashionindustry, Gucci will expand its mode of payment to include more than ten cryptocurrencies. See more here. web3
“Gucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers,” said Marco Bizzarri, Gucci’s president and CEO, in a statement. “Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.
More prominent companies like Tesla had once accepted Bitcoin as a form of payment but rescinded the offer because of theA potential point that could disrupt the smooth adoption of cryptocurrency is the problem of using luxury goods from brands like Gucci to launder money. The nature of luxury goods is such that it is highly liquidable and has strong demand. This makes it easy for criminals to inject the “dirty money” back into the economy without much obstruction.
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