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Farfetch Luxury-Fashion Giant to Begin Accepting BTC, ETH, BNB Payments Soon

Fri, 06/10/2022 - 10:37
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Yuri Molchan
Crypto payments that include Bitcoin and BNB are soon to be adopted by another major luxury-fashion company in Europe
Farfetch Luxury-Fashion Giant to Begin Accepting BTC, ETH, BNB Payments Soon
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As reported by MarketWatch, integration of cryptocurrency payments in Europe continues as Farfetch Ltd intends to introduce them to its customers over the next few months via a partnership with Lunu platform.

Seven cryptos to be accepted by Farfetch via Lunu PoS

Farfetch Marketplace intends to start accepting seven digital currencies, including the three biggest coins by market cap—Bitcoin, Ethereum and Binance Coin (BNB).

Within the next few months, these payments will be enabled for Farfetch's private customers. Later this year, the service will become available to clients in the U.S., U.K. and Europe. More locations for crypto payments will be added later on, the company promises.

The acceptance of digital currencies in stores will be possible thanks to a collaboration with German start-up Lunu, which deals with crypto payments and provides a point of sale for them. Customers will just have to scan a QR code in order to conduct a payment.

As a trial, crypto will first be accepted in high-end stores of Farfetch in the capitals of a few key EU countries—Paris, London, Milan, as well as at Browns, the retail chain owned by the company.

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Ripple partners with Lunu

As reported by U.Today earlier, Ripple fintech company based in San Francisco inked a partnership deal with Lunu as well.

Ripple will use its network, RippleNet, combined with Lunu's PoS terminals to allow upmarket retail companies to accept digital currencies in the European Union and the U.K.

Ripple's Liquidity Hub will also be utilized here. Luna and Ripple will help businesses convert crypto payments received from their clients into fiat money.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at