Gucci Has Announced They Will Accept Apecoin Payments

The BitPay Wallet app can now be used to buy ApeCoin (APE) and Euro Coin (EUROC), store them, swap them, and spend them. Businesses that already accept BitPay can now accept ApeCoin and Euro Coin from any cryptocurrency wallet.

Gucci, one of the best luxury fashion brands in the world, will be the first business to accept ApeCoin (APE) through BitPay. This will increase the number of approved cryptocurrencies that Gucci accepts as payment in its US stores.

All of Gucci’s directly controlled locations in the U.S. now accept 10 different cryptocurrencies as payment, and the rest will open in the first week of August.

“We added ApeCoin and Euro Coin because customers of our luxury merchant partners asked for it,” said BitPay CEO Stephen Pair. “They asked, so we did it.”

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

ApeCoin (APE) is the Bored Ape Yacht Club NFT collection’s native ERC-20 coin. ApeCoin will be the main currency used in the Ape ecosystem, which will include a universe of Web3 games, experiences, and communities. APE users can use the BitPay Card to quickly turn ApeCoin into cash and buy gift cards for major brands and stores, in addition to making purchases with BitPay merchants. The BitPay app also lets people buy, store, and trade APE in real time.

Euro Coin (EUROC) is an ERC-20 stablecoin backed by the euro that was released by Circle. It works on the same full-reserve principle as USD Coin (USDC). It makes it easy to get euros quickly from one country to another, with low transaction costs and quick settlement. Businesses all over the world can accept Euro Coin payments from customers and pay their staff and suppliers with them. People can use the Euro Coin (EUROC) to buy things at hundreds of BitPay businesses, send euros to friends and family, and learn about DeFi and Web3.

In addition to ApeCoin (APE) and Euro Coin (EUROC), BitPay supports 13 other cryptocurrencies. These include Bitcoin (BTC), Bitcoin on the Lightning Network, Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC), XRP (XRP), and five stable coins that are tied to the USD: BUSD, DAI, GUSD, USDP,

About BitPay

BitPay was one of the first companies to use bitcoin. It was started in 2011. As a leader in blockchain payment processing, the company wants to change how businesses and people send, receive, and keep money. Its business solutions do things like cut down on fraud chargebacks, lower payment processing costs, and make it possible to send and receive bitcoin payments across borders. BitPay gives users a full set of tools for managing their digital assets. These include the BitPay Wallet and the BitPay Prepaid Card, which let users turn their digital assets into cash that they can spend at tens of thousands of businesses. The company has offices in North America, Europe, and South America. Top investment firms like Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth have given it more than $70 million in funding. Visit for more details

Latest NFT News, Trendings and Tutorials, right at your inbox, every Monday

The post Gucci Has Announced They Will Accept Apecoin Payments appeared first on NFT News Pro.

Related Posts

Brazil’s Largest Broker XP Just Launched Bitcoin Trading Services

The broker has 3.6 million users and its new trading platform developed in partnership with the Nasdaq can scale to support one million users for bitcoin trading….

NFT Games Are Better Than Traditional Games, Urvit Goel

The gaming industry is one of the oldest in existence. But changes came to the sector with the advent of blockchain technology and NFT. Now, a lot…

Sri Lankans Scammed out of Millions by Fake Crypto Schemes

Ponzi scammers are compounding the economic misery of Sri Lankans by swindling them out of their savings with bogus crypto schemes. Crypto investor Harshana Pathirana told Al Jazeera: “I…

ETH Rejected From $2K, Here’s the Critical Support to Hold (Ethereum Price Analysis)

Ethereum has experienced a 6.6% correction from the daily high it recorded at $2012. The critical support level lies in the price range between $1700 and $1800,…

Cardalonia Debuts Metaverse Map Demo, Prepares For Exchange Listing As 70% Of Lonia Token Presale Allocation Gets Filled

Cardalonia, a play to earn medieval-themed Metaverse project built on the Cardano blockchain, has released the initial demo of their metaverse map ahead of their Cardalonia Land…

U.S. Senators Call for Withdrawal of Crypto Guidance in Open Letter

U.S. Democratic Senators Elizabeth Warren, Sheldon Whitehouse, Bernard Sanders, and Richard J. Durbin wrote to the Office of the Comptroller of the Currency (OCC), expressing concern that…

Generated by Feedzy