Balenciaga, a French high-fashion brand, will accept Bitcoin (BTC) and Ethereum (ETH) payments at select stores in the United States, including its branches at Madison Avenue New York and Rodeo Drive in Beverly Hills, as well as the online store www.balenciaga.com
The decision comes as more fashion brands continue to enter the crypto space such as Gucci and TAG Heuer, among others that have delved deeper into the crypto industry, as demand grows of this digital asset class has increased over the years.
While most brands accept more than five crypto assets as payment options, they said they will begin their crypto journey with the two largest cryptocurrencies on the market is BTC and ETH.
The company revealed that it will include its stores in other regions in the near future following customer response to the initiative.
When Balenciaga chooses a payment provider like BitPay, the list of supported cryptocurrencies can expand to include multiple digital currencies, including Shiba Inu (SHIB), Dogecoin (DOGE), and Cardano (ADA) in the future.
This brand also shared that they are not shy about market volatility and that they are “thinking long-term about crypto”.
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.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Foxy
Coincu News
BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…
Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…
Over the years, meme coins have evolved from inside jokes into serious investment opportunities.
Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…
Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…
Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…
This website uses cookies.