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Luxury Watch Brand Breitling Accepts Bitcoin For Purchases

As cryptocurrencies gain popularity around the world, one of the world’s most notable watchmakers, Breitling, has gone on board and begun accepting digital currencies as payment.

Indeed, Breitling has entered into a partnership with BitPay, one of the world’s largest providers of cryptocurrency payment services, to allow customers to purchase its wristwatches and straps using crypto, the payment provider announced on June 28.

According to the luxury watchmaker’s website, BitPay supports payments made in Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Wrapped Bitcoin (WBTC), and 5 stablecoins: Binance USD (BUSD), Dai (DAI), Gemini Dollar (GUSD), USDP, and USD Coin (USDC).

Customers will be able to use these digital currencies to buy any of the timepieces on Breitling’s website, where prices range from $3,300 for the Endurance Pro to $53,560 for the high-end Premier B21 Chronograph Tourbillion 42 Bentley.

This means that, at press time, the latter was worth over 2.6 BTC, as Bitcoin is trading at $20,000, according to CoinCu data.

BTC daily chart. Source: CoinCu

It should be noted that Breitling is not the first luxury watchmaker to accept cryptocurrency payments. In reality, CoinCu revealed in mid-May that Tag Heuer had announced the adoption of cryptocurrency payments for all online sales on its US website.

Finally, another luxury Swiss watchmaker, Hublot, has followed suit, announcing on June 21 the release of 200 limited-edition luxury watches that customers may purchase online using chosen cryptocurrencies, again via BitPay.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.