Now, Gucci accepts Apcoin as payment for in-store purchases in the US

through this Twitter Of the account, Gucci said, “By now accepting Apcoin payments via BitPay, select Gucci boutiques in the United States expand the range of cryptocurrencies available for in-store purchases, yet in a search of the House of Web3.” One more step.”

apcoin It was currently trading at $6.88 on CoinMarketCap, up 2.4%. The market valuation of the token is around $2.11 billion.

Inspired by Era Labs’ Bored Ape Yacht Club project, AppCoin is an ERC-20 governance and utility token used to empower and encourage a decentralized community within the APE ecosystem that has been at the forefront of Web3. Used to be.

The APE Foundation is the manager of AppCoin. This is the base layer on which ApeCoin holders in the ApeCoin DAO can build. The Foundation is tasked with administering the decisions of the AppCoin DAO, and is responsible for day-to-day administration, book-keeping, project management, and other tasks that ensure that the DAO community’s ideas are supported. Which they need to become a reality, according to the website.

Founded in May 2011 by Tony Gallippi and Stephen Payer, Bitpay is a mobile checkout service for companies that accept cryptocurrencies, specifically bitcoin. After seeing the potential in bitcoin to revolutionize the financial industry, Bitpay entered the blockchain industry, making payments faster, more secure and less expensive globally. They are pioneers in building blockchain payment technology to change the way money is sent, received and stored around the world.

Due to the widespread acceptance of the digital currency, Gucci began accepting payments for its products using cryptocurrencies including bitcoin from May this year. The luxury brand accepts a number of digital assets such as Bitcoin, Bitcoin Cash, Ethereum, Dogecoin, Shiba Inu, Litecoin, Wrapped Bitcoin and some US dollar-pegged stablecoins.

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