Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Global fashion brand Ralph Lauren's new Miami Design District store will be accepting crypto payments, including Bitcoin (BTC), Ethereum (ETH), Shiba Inu and other cryptocurrencies supported by BitPay.
Ralph Lauren is launching a brand-new luxury-themed retail concept in Miami's Design District. A variety of men's Purple Label and women's collection clothing and accessories, as well as one-of-a-kind handbags and accessories, will be available at the shop when it opens on Tuesday.
Customers can pay for all of Ralph Lauren's elevated looks straight from their chosen crypto wallets. Refunds will be given in the cryptocurrency that was used initially and will match the total amount of what is being returned in dollars.
The Miami Design District location would be the first Ralph Lauren store to accept crypto payments thanks to its partnership with crypto payment processor Bitpay. The store will partner with the Web3 community Poolsuite to gift NFTs.
Tomiwabold OlajideAside from Bitcoin (BTC), Ethereum (ETH) and Shiba Inu, other cryptocurrencies supported by Bitpay include Bitcoin Lightning Network, ApeCoin (APE), Bitcoin Cash (BCH), Dai (DAI), Dogecoin (DOGE), Euro Coin (EUROC), Gemini Dollar (GUSD), Litecoin (LTC), Pax Dollar (USDP), Polygon (MATIC), USD Coin (USDC) and Wrapped Bitcoin (WBTC).
In May last year, Italian luxury brand Gucci announced acceptance of payments in cryptocurrencies, including Bitcoin, Bitcoin Cash, Ether, Dogecoin and Shiba Inu, in some of its stores in the United States.
Fashion designer Philipp Plein's online store started accepting crypto payments in 2021.
Dan Burgin
Alex Dovbnya
Vladislav Sopov