LVMH‘s Tag Heuer announced that it will now accept Crypto payments on it’s U.S. website via a press release over a week ago. Tag Heuer now accepts 12 cryptocurrencies via BitPay which includes Bitcoin, Dogdecoin, Etherium, Shiba Inu, Stablecoin and others for transactions up to $10,000.
“The press release announcement came after LVMH brands and rival luxury fashion houses at Kering are investing in the Metaverse and Web3, which is the concept for a new stage of the internet relying on blockchain technology.
“Balenciaga will soon start accepting Bitcoin and Ethereum as payment at its flagship U.S. stores and online, as reported by Women’s Wear Daily. Earlier this month, Gucci announced it would start accepting crypto as payment in select U.S. stores.”
Digital currency is not accepted in brick and mortar stores of Tag Heuer at the moment, but they did not say that it wont happen in the future.