Gucci to Accept Shiba Inu (SHIB) and Dogecoin (DOGE) in Move to Pilot Crypto Acceptance

The Italian luxury fashion label Gucci looks to expand its presence in the crypto industry.

The Italian luxury fashion label Gucci has announced that it will begin accepting Dogecoin, Shiba Inu, and other cryptocurrencies as it looks to expand its presence in the crypto industry.

Gucci Launches Crypto Acceptance

Gucci, which has been on a Web3 adoption spree since 2022, launching two NFT collections, has announced that it will begin accepting cryptocurrencies before the end of May.

The crypto acceptance pilot program will open in five of its United States stores. However, the luxury brand intends to extend the service to all of its 111 stores in North America.

The pilot location includes New York, Los Angeles, Miami, Atlanta, and Las Vegas. In preparation for the launch, employees have started to undertake training and education on crypto, non-fungible tokens (NFTs), and Web3.

Gucci to Begin Accepting Shiba Inu (SHIB) and Dogecoin (DOGE)

According to the announcement, Gucci will accept Dogecoin (DOGE) and Shiba Inu (SHIB) along with 10 other cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Wrapped Bitcoin (WBTC), Litecoin (LTC), and five U.S. dollar-pegged stablecoins.

Customers paying with DOGE and SHIB in-store at the pilot locations will be sent an email with a QR code to pay via their digital asset wallet.

On The Flipside

Why You Should Care

The acceptance of cryptocurrency is a significant step toward Gucci blending its Web3 and physical communities.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia