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Shiba Inu and Dogecoin Now Accepted by Gucci

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Thu, 5/05/2022 - 6:17
Shiba Inu and Dogecoin Now Accepted by Gucci
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Gucci, one of the famous fashion brands, will start accepting Bitcoin, Dogecoin, Shiba Inu, and some other cryptocurrencies at select locations in North America, according to a report published by Vogue Business. 

Customers will be able to make cryptocurrency payments with the help of a QR code. 

CEO Marco Bizzarri says that Gucci is “always” open to embracing new technologies. 

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As reported by U.Today, German fashion house Philipp Plein started accepting cryptocurrencies last August after partnering with crypto payment provider Coinfy. It expects to receive $16 million worth of payments from cryptocurrency clients in 2022 amid growing demand. 

In February, Italy-based fashion designer John Richmond inked a collaboration with Shiba Inu. 

This is not Gucci’s first foray into crypto. Last May, the iconic brand launched its first non-fungible token, which was inspired by the company’s Aria collection. The item ended up selling for $25,000 at a Christie’s auction. 

In January, the luxury fashion house formed a tie-up with digital character brand Superplastic to launch its own collection of NFTs. 

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