Gucci to Accept Crypto in Some US Retail Stores: Report

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Gucci to Accept Crypto in Some US Retail Stores: Report
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.gucci will accept crypto payments at some U.S. stores, with plans to expand the service across North America, voguebusiness reports. thesamreynolds reports.

Gucci has rolled out the crypto payment mechanism at flagship stores in the U.S., including Rodeo Drive in Los Angeles, Wooster Street in New York and in Las Vegas, with plans to expand the service to its directly operated North America stores in the near future.

Various digital assets will be accepted including bitcoin, bitcoin cash, ether, wrapped bitcoin, dogecoin, shiba inu, and a variety of stablecoins.Various attempts to sell high-value items for crypto have failed because of money laundering concerns and tax implications for U.S. residents.

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