Gucci Shakes Hands With This Metaverse Coin: Price Jumps On The News!

Luxury Italian fashion house Gucci announced its new metaverse coin partner in a tweet recently. Thanks to the collaboration, another popular altcoin is added to BitPay’s extensive list of cryptocurrency payment methods. The news that came in the period when the market receded left an interesting mark on the chart…

Gucci announces it will accept payments with this metaverse coin

Gucci announced in a tweet today that it will now accept payments in ApeCoin (APE). Thus, minor cryptocurrencies including Bitcoin, Ethereum, Dogecoin and SHIB are now on Gucci’s list. Gucci customers can pay with the help of a QR code sent to them via email.

After a slight correction, the tweet left a 10% green candle on the APE chart.

Apecoin jumps 10% after Gucci news

Apecoin (APE), which is 32nd by market cap, is trading at $6.63 at the time of writing. It reached this level with a decrease of 4.46% compared to the last 24 hours. Although the announcement that came in the past hours initially triggered the 10% rise, APE could not escape the hands of the sellers. Meanwhile, Bitcoin and Ethereum were down around 1.9% and 4.38%, respectively.

APEUSDT 2022 08 02 17 31 23

Gucci and cryptocurrency studies

The Italian fashion house released a series of NFTs in February in partnership with toy brand Superplastic. Other important names have also embraced digital fashion. Dolce & Gabbana introduced their NFT collection last September. German fashion house Philipp Plein, especially known for its flashy outfits, adopted cryptocurrencies last August. Meanwhile, back in April, the controversial designer behind the brand, Philipp Plein, predicted that his company would make around $16 million from crypto enthusiasts this year.

supergucci

Gucci’s story is one of luxury, fashion and style. In 1881, Guccio Gucci founded his company as a saddlery store in Florence, Italy. His son Aldo later made the Gucci name a global brand. In 2000, Gucci was acquired by the French conglomerate PPR (Kering), which owns brands such as Balenciaga, Saint Laurent and Alexander McQueen. Gucci has since become one of the leading luxury fashion brands, with more than 60 stores worldwide.

Bitpay plays an important role in crypto adoption by global brands like Gucci. The US-based payment provider allows numerous companies to accept payments with BCH, ETH, WBTC, DOGE, SHIB and stablecoins. AmkNews.com One of the most recent developments we reported as the world’s largest watch manufacturer Hublot was accepting cryptocurrencies in partnership with BitPay. Hublot now accepts cryptocurrencies for luxury watches.

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Larry Brown

I graduated from Yale University, Department of Television. I have been a professional news writer for 3 years. I am continuing my career here by establishing amknews.com site 3 months ago.