Why Fashion Brands Are Joining The Crypto Club: Balenciaga Now Accepts Crypto Payments.
Adoption of cryptocurrencies by famous fashion brands as a means of payment seems to be the talk of 2022, with the latest move coming from Balenciaga, the French fashion house which made the decision to accept cryptos as a means of payment from their customers starting in June. This is following Gucci's decision to adopt cryptos and like I said in my post about Gucci's move, many other top fashion brands would be accepting cryptos for some key reasons.
One major reason why many of these fashion brands are adopting cryptos as a means of payment is because a vast amount of their customers are millenials and Gen Zs who use cryptocurrencies everyday. Transactions using cryptos are so easy and many people prefer doing business with any brand who offers easy and flexible means of payment for their services would be getting more attention. Not having cryptos as a means of payment is regarded as being non-versatile by some of their customers since they're a global brand and also, many of their customers have requested for cryptos as a means of payment over the years.
Another reason why many fashion houses are beginning to look into crypto is that it offers more opportunities to these brands when it comes to generating some revenue for example, via NFTs. Both Gucci and Balenciaga have now announced their upcoming NFTs collections which will feature wearables that would be owned by fans and customers of the brand.
Balenciaga stated they'll be accepting cryptos like Bitcoin, Ethereum and USDT in some US stores and would decide on which other cryptos to accept with time.
I've been a big fan of the Balenciaga fashion brand for quite a long time and it's really cool seeing they are one of the earliest adopters of cryptocurrencies when it comes to fashion. This is really just the beginning and we should be seeing many other fashion brands and other brands from different sectors joining the crypto club soon.
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5 years this has been happening to me, it started here, around people that are still here. Homeland security has done nothing at all, they are not here to protect us. Dont we pay them to stop shit like this? The NSA, CIA, FBI, Police and our Government has done nothing. Just like they did with the Havana Syndrome, nothing. Patriot Act my ass. The American government is completely incompetent. The NSA should be taken over by the military and contained Immediately for investigation. I bet we can get to the sources of V2K and RNM then. https://peakd.com/gangstalking/@acousticpulses/electronic-terrorism-and-gaslighting--if-you-downvote-this-post-you-are-part-of-the-problem
That is really cool. Crypto payments also mean that people from other countries can purchase their products. Voted on behalf of the Neoxian paper.
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Yeah, this would allow easy and fast payments on a global level from their customers. It's a wonderful development. Thank you so much for the support.
A great update. Grateful for your insights into the reasons why fashion houses are beginning to accept crypto payments. Thanks!
!CTP
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Yeah, there's so much opportunities out there for any brand who wants to get involved in cryptos .Thank you so much for checking it out
I came here from ListNerds. 😊
!CTP
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Thank you so much for the support
It is great to see that more and more places are accepting crypto. Thanks for the information.
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Wow nice information man, this could be a great expansion of crypto world. Thank you for sharing @teesart
Yeah, we only move upwards from here. Thanks for stopping by
Great news. It will be good when we get fashion companies actually created on the blockchain completely. Lots of opportunities for new designers and fashion people.
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It's great to see global companies accepting crypto. Tis but a small step in the transition to the future
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