top of page
Moving People

News

Gucci stores to accept cryptocurrencies in US

BBC



Italian luxury brand Gucci will start accepting payments in cryptocurrencies in some of its stores in America.


Customers will be able to pay using a number of cryptocurrencies, including Bitcoin, Ethereum and Litecoin.


The service will be rolled out later this month at some of its flagship outlets, including Rodeo Drive in Los Angeles and New York's Wooster Street.


Gucci, owned by France's Kering, joins a growing number of companies that have started to accept virtual currencies.


The firm said it will also take payments in Shiba Inu and Dogecoin - a so-called "meme" cryptocurrency that was originally created as a joke.


Customers paying in stores with cryptocurrencies will be sent an email with a QR code to use with a digital asset wallet - a financial transaction app that runs on mobile devices.



QR - or quick response - codes are the black and white, barcode-like squares that can be read by mobile phones and have been used increasingly widely since the start of the pandemic.


The brand said it plans to introduce the policy to all the North American stores it operates directly in the near future.


The announcement by such a high-profile brand marks another step forward for the acceptance of cryptocurrencies by mainstream businesses.


Gucci is the latest big name to announce that it will take cryptocurrency as payment.


Some of the world's biggest brands now accept digital currencies, including technology giant Microsoft, US telecoms firm AT&T and coffee chain Starbucks.


In the last year Bitcoin has also become legal tender in two countries - El Salvador and the Central African Republic.


Since El Salvador said it would allow consumers to use the cryptocurrency in all transactions, alongside the US dollar, the International Monetary Fund has urged it to reverse its decision.

Comments


construction-image1.jpg

Subscribe and keep up to date with all the latest news from Oakmark

Subtle Shapes Transparent
WEST AFRICA'S NO.1 ECONOMIC AGENTS

Oakmark Global Vision provides a bespoke business package to established corporate bodies, investors, and entrepreneurs who desire to enter the West & Pan African market. Find out more >

© 2025 Oakmark Global Vision Ltd - All Rights Reserved.

UK Company No. 07634879 / Nigeria Company No. RC 1288232

Regional Office

International Office

1 Kandi Close, Off Aminu Kano

Crescent, Wuse 2, Abuja F.C.T

Nigeria 

+234 -(0)- 929 207 02

+234 (0) 704 497 6500

info@oakmarkglobalvision.com

King Court, 17 School Road

Hall Green, Birmingham

United Kingdom  B28, 8JG

+44 (0) 121 244 1814

+44 (0) 746 625 2505

info@oakmarkglobalvision.com

 Oakmark Global Vision Limited

bottom of page