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Lifestyle Uganda > Blog > Fashion > Fashion Label Balenciaga to Accept Cryptocurrency Payments in the U.S.
FashionNews

Fashion Label Balenciaga to Accept Cryptocurrency Payments in the U.S.

Last updated: 28th May 2022 8:21 pm
By
Jacob Mugwana
ByJacob Mugwana
Online Editor
An aspiring international media journalist with experience at Lifestyle Uganda, I bring a passion for storytelling and a keen eye for trends in digital media and...
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nowthendigital.com__Balenciaga to accept cryptocurrency payments (1)
Balenciaga has announced that it will now accept payments in cryptocurrency. FILE PHOTO
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Balenciaga, the French luxury brand, has announced it will accept cryptocurrency payments such as Bitcoin in the U.S.

nowthendigital.com__Balenciaga to accept cryptocurrency payments (1)
Balenciaga has announced that it will now accept payments in cryptocurrency. FILE PHOTO

KAMPALA | LIFESTYLE UGANDA  — A luxury French brand, Balenciaga, has announced its commitment to cryptocurrency payments in the United States. Balenciaga said it will accept digital payments, such as Bitcoin and Ethereum.

At all its flagship stores in the US, including Madison Avenue and Rodeo Drive in New York, as well as on its website, Balenciaga will be accepting crypto payments.

The brand also anticipates that cryptocurrency payments will be accepted in other regions and online as well.

In the meantime, decisions are still being made regarding the payment solution provider which will be utilized. At the moment, payment will only be accepted in bitcoin and Ethereum before other currencies are added.

A statement from Balenciaga indicates that cryptocurrencies will be taken into consideration in the future, and instabilities in currency values are nothing new.

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The luxury sector has also begun to embrace cryptocurrencies. 

In March, Off-White announced a similar payment plan for its flagship stores in Paris, London, and Milan.

Earlier this month, other brands like Tag Heuer and LVMH announced that customers would be able to pay using cryptocurrencies such as Bitcoin, Dogecoins and Ethereum online.

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TAGGED:bitcoin ethereumcryptocurrency paymentsfrench luxury brand balenciaga

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ByJacob Mugwana
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An aspiring international media journalist with experience at Lifestyle Uganda, I bring a passion for storytelling and a keen eye for trends in digital media and fashion. As a two-time nominee for the Abryanz Style and Fashion Awards in 2014 and 2015, I’m committed to blending creativity with journalistic rigor. Alongside my journalism work, I support businesses by offering web design and development services, along with strategic advice to enhance their social media presence and engagement. WhatsApp me on +256781873083.
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