GUCCI BECOMES FIRST MAJOR BRAND TO ACCEPT APECOIN PAYMENTS

Wed 10 August 2022:

Gucci, the well-known Italian fashion house, announced on Twitter that some of its retail outlets in the United States will now accept ApeCoin as payment. The Bored Ape Yacht Club has created one of the most well-known digital currencies, ApeCoin.

Select Gucci boutiques in the United States now accept @ApeCoin payments through @BitPay. This is another phase in the House’s Web3 research, which the high-end fashion label announced on Twitter on August 2.

The first retailer to accept ApeCoin (APE) payments using BitPay is Gucci. The largest cryptocurrency and Bitcoin payment service provider in the world is BitPay. With this action, BitPay is increasing the number of supported crypto assets that it currently takes for payment in its US locations.

Customers can buy, store, swap, and spend ApeCoin (APE) and Euro Coin via the BitPay Wallet app (EUROC). Apart from Gucci, businesses that use BitPay can now accept payments made using ApeCoin and Euro Coin from any cryptocurrency wallet.

Now accepting @ApeCoin payments via @BitPay, select Gucci boutiques in the USA expand the range ofcryptocurrencies available for in-store purchases, yet another step in the House’s exploration of Web3.

— gucci (@gucci) August 2, 2022

Stephen Pair, the CEO of BitPay, remarked in a statement, “Because our luxury merchant partners’ clients requested it, we introduced ApeCoin and Euro Coin. We gave them what they requested.”

After Gucci’s announcement, ApeCoin tweeted, “Excited to announce that @Gucci will become the first big brand to allow customers to pay for items in-store using ApeCoin, via @BitPay.”

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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