Crypto Payments Archives

No Result

View All Result

No Result

View All Result

No Result

View All Result

The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May.<\/p>\n\n\n\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Balenciaga joins fellow fashion house Gucci<\/a> as an adopter of Web3 and its technology, along with various other brands such as\u00a0 Off-White<\/a>,\u00a0 Phillip Plein<\/a>,\u00a0 Hublot<\/a>, and\u00a0 Franck Muller<\/a>.<\/li><\/ul>\n","post_title":"Balenciaga Adopts Crypto As A Payment Method","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"balenciaga-adopts-crypto-as-a-payment-method","to_ping":"","pinged":"","post_modified":"2022-05-23 22:42:30","post_modified_gmt":"2022-05-23 12:42:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5184","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4828,"post_author":"1","post_date":"2022-05-05 20:29:08","post_date_gmt":"2022-05-05 10:29:08","post_content":"\n
Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May.<\/p>\n\n\n\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
In relation to the current market fluctuations the company was questioned on whether or not this is a concern and in their eyes \u201cBalenciaga is thinking long-term about crypto, and fluctuations in currency value are nothing new.\u201d<\/li><\/ul>\n\n\n\n
Balenciaga joins fellow fashion house Gucci<\/a> as an adopter of Web3 and its technology, along with various other brands such as\u00a0 Off-White<\/a>,\u00a0 Phillip Plein<\/a>,\u00a0 Hublot<\/a>, and\u00a0 Franck Muller<\/a>.<\/li><\/ul>\n","post_title":"Balenciaga Adopts Crypto As A Payment Method","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"balenciaga-adopts-crypto-as-a-payment-method","to_ping":"","pinged":"","post_modified":"2022-05-23 22:42:30","post_modified_gmt":"2022-05-23 12:42:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5184","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4828,"post_author":"1","post_date":"2022-05-05 20:29:08","post_date_gmt":"2022-05-05 10:29:08","post_content":"\n
Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May.<\/p>\n\n\n\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Customers will be able to pay in Bitcoin and Ethereum, with Balenciaga planning to accept various other cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
In relation to the current market fluctuations the company was questioned on whether or not this is a concern and in their eyes \u201cBalenciaga is thinking long-term about crypto, and fluctuations in currency value are nothing new.\u201d<\/li><\/ul>\n\n\n\n
Balenciaga joins fellow fashion house Gucci<\/a> as an adopter of Web3 and its technology, along with various other brands such as\u00a0 Off-White<\/a>,\u00a0 Phillip Plein<\/a>,\u00a0 Hublot<\/a>, and\u00a0 Franck Muller<\/a>.<\/li><\/ul>\n","post_title":"Balenciaga Adopts Crypto As A Payment Method","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"balenciaga-adopts-crypto-as-a-payment-method","to_ping":"","pinged":"","post_modified":"2022-05-23 22:42:30","post_modified_gmt":"2022-05-23 12:42:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5184","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4828,"post_author":"1","post_date":"2022-05-05 20:29:08","post_date_gmt":"2022-05-05 10:29:08","post_content":"\n
Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May.<\/p>\n\n\n\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Balenciaga has announced they will begin accepting cryptocurrency as a form of payment in the major US stores such as Madison Ave, NY, Rodeo Dr, CA, and on their website. \"Other regions and e-commerce will follow\" stated the company.<\/li><\/ul>\n\n\n\n
Customers will be able to pay in Bitcoin and Ethereum, with Balenciaga planning to accept various other cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
In relation to the current market fluctuations the company was questioned on whether or not this is a concern and in their eyes \u201cBalenciaga is thinking long-term about crypto, and fluctuations in currency value are nothing new.\u201d<\/li><\/ul>\n\n\n\n
Balenciaga joins fellow fashion house Gucci<\/a> as an adopter of Web3 and its technology, along with various other brands such as\u00a0 Off-White<\/a>,\u00a0 Phillip Plein<\/a>,\u00a0 Hublot<\/a>, and\u00a0 Franck Muller<\/a>.<\/li><\/ul>\n","post_title":"Balenciaga Adopts Crypto As A Payment Method","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"balenciaga-adopts-crypto-as-a-payment-method","to_ping":"","pinged":"","post_modified":"2022-05-23 22:42:30","post_modified_gmt":"2022-05-23 12:42:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5184","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4828,"post_author":"1","post_date":"2022-05-05 20:29:08","post_date_gmt":"2022-05-05 10:29:08","post_content":"\n
Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May.<\/p>\n\n\n\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
French fashion house Balenciaga<\/a> has announced<\/a> that they will begin accepting cryptocurrencies as a form of payment.<\/p>\n\n\n\n
Balenciaga has announced they will begin accepting cryptocurrency as a form of payment in the major US stores such as Madison Ave, NY, Rodeo Dr, CA, and on their website. \"Other regions and e-commerce will follow\" stated the company.<\/li><\/ul>\n\n\n\n
Customers will be able to pay in Bitcoin and Ethereum, with Balenciaga planning to accept various other cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
In relation to the current market fluctuations the company was questioned on whether or not this is a concern and in their eyes \u201cBalenciaga is thinking long-term about crypto, and fluctuations in currency value are nothing new.\u201d<\/li><\/ul>\n\n\n\n
Balenciaga joins fellow fashion house Gucci<\/a> as an adopter of Web3 and its technology, along with various other brands such as\u00a0 Off-White<\/a>,\u00a0 Phillip Plein<\/a>,\u00a0 Hublot<\/a>, and\u00a0 Franck Muller<\/a>.<\/li><\/ul>\n","post_title":"Balenciaga Adopts Crypto As A Payment Method","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"balenciaga-adopts-crypto-as-a-payment-method","to_ping":"","pinged":"","post_modified":"2022-05-23 22:42:30","post_modified_gmt":"2022-05-23 12:42:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5184","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4828,"post_author":"1","post_date":"2022-05-05 20:29:08","post_date_gmt":"2022-05-05 10:29:08","post_content":"\n
Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May.<\/p>\n\n\n\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5184,"post_author":"1","post_date":"2022-05-23 22:33:05","post_date_gmt":"2022-05-23 12:33:05","post_content":"\n
French fashion house Balenciaga<\/a> has announced<\/a> that they will begin accepting cryptocurrencies as a form of payment.<\/p>\n\n\n\n
Balenciaga has announced they will begin accepting cryptocurrency as a form of payment in the major US stores such as Madison Ave, NY, Rodeo Dr, CA, and on their website. \"Other regions and e-commerce will follow\" stated the company.<\/li><\/ul>\n\n\n\n
Customers will be able to pay in Bitcoin and Ethereum, with Balenciaga planning to accept various other cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
In relation to the current market fluctuations the company was questioned on whether or not this is a concern and in their eyes \u201cBalenciaga is thinking long-term about crypto, and fluctuations in currency value are nothing new.\u201d<\/li><\/ul>\n\n\n\n
Balenciaga joins fellow fashion house Gucci<\/a> as an adopter of Web3 and its technology, along with various other brands such as\u00a0 Off-White<\/a>,\u00a0 Phillip Plein<\/a>,\u00a0 Hublot<\/a>, and\u00a0 Franck Muller<\/a>.<\/li><\/ul>\n","post_title":"Balenciaga Adopts Crypto As A Payment Method","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"balenciaga-adopts-crypto-as-a-payment-method","to_ping":"","pinged":"","post_modified":"2022-05-23 22:42:30","post_modified_gmt":"2022-05-23 12:42:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5184","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4828,"post_author":"1","post_date":"2022-05-05 20:29:08","post_date_gmt":"2022-05-05 10:29:08","post_content":"\n
Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May.<\/p>\n\n\n\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n
Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5184,"post_author":"1","post_date":"2022-05-23 22:33:05","post_date_gmt":"2022-05-23 12:33:05","post_content":"\n
French fashion house Balenciaga<\/a> has announced<\/a> that they will begin accepting cryptocurrencies as a form of payment.<\/p>\n\n\n\n
Balenciaga has announced they will begin accepting cryptocurrency as a form of payment in the major US stores such as Madison Ave, NY, Rodeo Dr, CA, and on their website. \"Other regions and e-commerce will follow\" stated the company.<\/li><\/ul>\n\n\n\n
Customers will be able to pay in Bitcoin and Ethereum, with Balenciaga planning to accept various other cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
In relation to the current market fluctuations the company was questioned on whether or not this is a concern and in their eyes \u201cBalenciaga is thinking long-term about crypto, and fluctuations in currency value are nothing new.\u201d<\/li><\/ul>\n\n\n\n
Balenciaga joins fellow fashion house Gucci<\/a> as an adopter of Web3 and its technology, along with various other brands such as\u00a0 Off-White<\/a>,\u00a0 Phillip Plein<\/a>,\u00a0 Hublot<\/a>, and\u00a0 Franck Muller<\/a>.<\/li><\/ul>\n","post_title":"Balenciaga Adopts Crypto As A Payment Method","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"balenciaga-adopts-crypto-as-a-payment-method","to_ping":"","pinged":"","post_modified":"2022-05-23 22:42:30","post_modified_gmt":"2022-05-23 12:42:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5184","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4828,"post_author":"1","post_date":"2022-05-05 20:29:08","post_date_gmt":"2022-05-05 10:29:08","post_content":"\n
Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May.<\/p>\n\n\n\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n
Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n
Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5184,"post_author":"1","post_date":"2022-05-23 22:33:05","post_date_gmt":"2022-05-23 12:33:05","post_content":"\n
French fashion house Balenciaga<\/a> has announced<\/a> that they will begin accepting cryptocurrencies as a form of payment.<\/p>\n\n\n\n
Balenciaga has announced they will begin accepting cryptocurrency as a form of payment in the major US stores such as Madison Ave, NY, Rodeo Dr, CA, and on their website. \"Other regions and e-commerce will follow\" stated the company.<\/li><\/ul>\n\n\n\n
Customers will be able to pay in Bitcoin and Ethereum, with Balenciaga planning to accept various other cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
In relation to the current market fluctuations the company was questioned on whether or not this is a concern and in their eyes \u201cBalenciaga is thinking long-term about crypto, and fluctuations in currency value are nothing new.\u201d<\/li><\/ul>\n\n\n\n
Balenciaga joins fellow fashion house Gucci<\/a> as an adopter of Web3 and its technology, along with various other brands such as\u00a0 Off-White<\/a>,\u00a0 Phillip Plein<\/a>,\u00a0 Hublot<\/a>, and\u00a0 Franck Muller<\/a>.<\/li><\/ul>\n","post_title":"Balenciaga Adopts Crypto As A Payment Method","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"balenciaga-adopts-crypto-as-a-payment-method","to_ping":"","pinged":"","post_modified":"2022-05-23 22:42:30","post_modified_gmt":"2022-05-23 12:42:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5184","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4828,"post_author":"1","post_date":"2022-05-05 20:29:08","post_date_gmt":"2022-05-05 10:29:08","post_content":"\n
Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May.<\/p>\n\n\n\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n
The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n
Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n
Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5184,"post_author":"1","post_date":"2022-05-23 22:33:05","post_date_gmt":"2022-05-23 12:33:05","post_content":"\n
French fashion house Balenciaga<\/a> has announced<\/a> that they will begin accepting cryptocurrencies as a form of payment.<\/p>\n\n\n\n
Balenciaga has announced they will begin accepting cryptocurrency as a form of payment in the major US stores such as Madison Ave, NY, Rodeo Dr, CA, and on their website. \"Other regions and e-commerce will follow\" stated the company.<\/li><\/ul>\n\n\n\n
Customers will be able to pay in Bitcoin and Ethereum, with Balenciaga planning to accept various other cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
In relation to the current market fluctuations the company was questioned on whether or not this is a concern and in their eyes \u201cBalenciaga is thinking long-term about crypto, and fluctuations in currency value are nothing new.\u201d<\/li><\/ul>\n\n\n\n
Balenciaga joins fellow fashion house Gucci<\/a> as an adopter of Web3 and its technology, along with various other brands such as\u00a0 Off-White<\/a>,\u00a0 Phillip Plein<\/a>,\u00a0 Hublot<\/a>, and\u00a0 Franck Muller<\/a>.<\/li><\/ul>\n","post_title":"Balenciaga Adopts Crypto As A Payment Method","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"balenciaga-adopts-crypto-as-a-payment-method","to_ping":"","pinged":"","post_modified":"2022-05-23 22:42:30","post_modified_gmt":"2022-05-23 12:42:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5184","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4828,"post_author":"1","post_date":"2022-05-05 20:29:08","post_date_gmt":"2022-05-05 10:29:08","post_content":"\n
Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May.<\/p>\n\n\n\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n
Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n
The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n
Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n
Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5184,"post_author":"1","post_date":"2022-05-23 22:33:05","post_date_gmt":"2022-05-23 12:33:05","post_content":"\n
French fashion house Balenciaga<\/a> has announced<\/a> that they will begin accepting cryptocurrencies as a form of payment.<\/p>\n\n\n\n
Balenciaga has announced they will begin accepting cryptocurrency as a form of payment in the major US stores such as Madison Ave, NY, Rodeo Dr, CA, and on their website. \"Other regions and e-commerce will follow\" stated the company.<\/li><\/ul>\n\n\n\n
Customers will be able to pay in Bitcoin and Ethereum, with Balenciaga planning to accept various other cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
In relation to the current market fluctuations the company was questioned on whether or not this is a concern and in their eyes \u201cBalenciaga is thinking long-term about crypto, and fluctuations in currency value are nothing new.\u201d<\/li><\/ul>\n\n\n\n
Balenciaga joins fellow fashion house Gucci<\/a> as an adopter of Web3 and its technology, along with various other brands such as\u00a0 Off-White<\/a>,\u00a0 Phillip Plein<\/a>,\u00a0 Hublot<\/a>, and\u00a0 Franck Muller<\/a>.<\/li><\/ul>\n","post_title":"Balenciaga Adopts Crypto As A Payment Method","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"balenciaga-adopts-crypto-as-a-payment-method","to_ping":"","pinged":"","post_modified":"2022-05-23 22:42:30","post_modified_gmt":"2022-05-23 12:42:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5184","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4828,"post_author":"1","post_date":"2022-05-05 20:29:08","post_date_gmt":"2022-05-05 10:29:08","post_content":"\n
Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May.<\/p>\n\n\n\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n
Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n
The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n
Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n
Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5184,"post_author":"1","post_date":"2022-05-23 22:33:05","post_date_gmt":"2022-05-23 12:33:05","post_content":"\n
French fashion house Balenciaga<\/a> has announced<\/a> that they will begin accepting cryptocurrencies as a form of payment.<\/p>\n\n\n\n
Balenciaga has announced they will begin accepting cryptocurrency as a form of payment in the major US stores such as Madison Ave, NY, Rodeo Dr, CA, and on their website. \"Other regions and e-commerce will follow\" stated the company.<\/li><\/ul>\n\n\n\n
Customers will be able to pay in Bitcoin and Ethereum, with Balenciaga planning to accept various other cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
In relation to the current market fluctuations the company was questioned on whether or not this is a concern and in their eyes \u201cBalenciaga is thinking long-term about crypto, and fluctuations in currency value are nothing new.\u201d<\/li><\/ul>\n\n\n\n
Balenciaga joins fellow fashion house Gucci<\/a> as an adopter of Web3 and its technology, along with various other brands such as\u00a0 Off-White<\/a>,\u00a0 Phillip Plein<\/a>,\u00a0 Hublot<\/a>, and\u00a0 Franck Muller<\/a>.<\/li><\/ul>\n","post_title":"Balenciaga Adopts Crypto As A Payment Method","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"balenciaga-adopts-crypto-as-a-payment-method","to_ping":"","pinged":"","post_modified":"2022-05-23 22:42:30","post_modified_gmt":"2022-05-23 12:42:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5184","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4828,"post_author":"1","post_date":"2022-05-05 20:29:08","post_date_gmt":"2022-05-05 10:29:08","post_content":"\n
Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May.<\/p>\n\n\n\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n
Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n
Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n
The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n
Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n
Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5184,"post_author":"1","post_date":"2022-05-23 22:33:05","post_date_gmt":"2022-05-23 12:33:05","post_content":"\n
French fashion house Balenciaga<\/a> has announced<\/a> that they will begin accepting cryptocurrencies as a form of payment.<\/p>\n\n\n\n
Balenciaga has announced they will begin accepting cryptocurrency as a form of payment in the major US stores such as Madison Ave, NY, Rodeo Dr, CA, and on their website. \"Other regions and e-commerce will follow\" stated the company.<\/li><\/ul>\n\n\n\n
Customers will be able to pay in Bitcoin and Ethereum, with Balenciaga planning to accept various other cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
In relation to the current market fluctuations the company was questioned on whether or not this is a concern and in their eyes \u201cBalenciaga is thinking long-term about crypto, and fluctuations in currency value are nothing new.\u201d<\/li><\/ul>\n\n\n\n
Balenciaga joins fellow fashion house Gucci<\/a> as an adopter of Web3 and its technology, along with various other brands such as\u00a0 Off-White<\/a>,\u00a0 Phillip Plein<\/a>,\u00a0 Hublot<\/a>, and\u00a0 Franck Muller<\/a>.<\/li><\/ul>\n","post_title":"Balenciaga Adopts Crypto As A Payment Method","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"balenciaga-adopts-crypto-as-a-payment-method","to_ping":"","pinged":"","post_modified":"2022-05-23 22:42:30","post_modified_gmt":"2022-05-23 12:42:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5184","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4828,"post_author":"1","post_date":"2022-05-05 20:29:08","post_date_gmt":"2022-05-05 10:29:08","post_content":"\n
Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May.<\/p>\n\n\n\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n
The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n
Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n
Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n
The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n
Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n
Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5184,"post_author":"1","post_date":"2022-05-23 22:33:05","post_date_gmt":"2022-05-23 12:33:05","post_content":"\n
French fashion house Balenciaga<\/a> has announced<\/a> that they will begin accepting cryptocurrencies as a form of payment.<\/p>\n\n\n\n
Balenciaga has announced they will begin accepting cryptocurrency as a form of payment in the major US stores such as Madison Ave, NY, Rodeo Dr, CA, and on their website. \"Other regions and e-commerce will follow\" stated the company.<\/li><\/ul>\n\n\n\n
Customers will be able to pay in Bitcoin and Ethereum, with Balenciaga planning to accept various other cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
In relation to the current market fluctuations the company was questioned on whether or not this is a concern and in their eyes \u201cBalenciaga is thinking long-term about crypto, and fluctuations in currency value are nothing new.\u201d<\/li><\/ul>\n\n\n\n
Balenciaga joins fellow fashion house Gucci<\/a> as an adopter of Web3 and its technology, along with various other brands such as\u00a0 Off-White<\/a>,\u00a0 Phillip Plein<\/a>,\u00a0 Hublot<\/a>, and\u00a0 Franck Muller<\/a>.<\/li><\/ul>\n","post_title":"Balenciaga Adopts Crypto As A Payment Method","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"balenciaga-adopts-crypto-as-a-payment-method","to_ping":"","pinged":"","post_modified":"2022-05-23 22:42:30","post_modified_gmt":"2022-05-23 12:42:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5184","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4828,"post_author":"1","post_date":"2022-05-05 20:29:08","post_date_gmt":"2022-05-05 10:29:08","post_content":"\n
Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May.<\/p>\n\n\n\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Since 2021, El Salvador has been accumulating Bitcoins, totaling over 5,940 as of November 2024. The government also disclosed that its total Bitcoin reserves value had risen to over $600 million, representing a gain of 127%. However, most Salvadoreans have yet to adopt Bitcoin<\/a> in everyday applications.<\/p>\n","post_title":"El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"el-salvador-to-drop-law-requiring-businesses-to-accept-btc-in-deal-with-imf","to_ping":"","pinged":"","post_modified":"2024-12-11 03:44:08","post_modified_gmt":"2024-12-10 16:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n
Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n
The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n
Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n
Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n
The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n
Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n
Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5184,"post_author":"1","post_date":"2022-05-23 22:33:05","post_date_gmt":"2022-05-23 12:33:05","post_content":"\n
French fashion house Balenciaga<\/a> has announced<\/a> that they will begin accepting cryptocurrencies as a form of payment.<\/p>\n\n\n\n
Balenciaga has announced they will begin accepting cryptocurrency as a form of payment in the major US stores such as Madison Ave, NY, Rodeo Dr, CA, and on their website. \"Other regions and e-commerce will follow\" stated the company.<\/li><\/ul>\n\n\n\n
Customers will be able to pay in Bitcoin and Ethereum, with Balenciaga planning to accept various other cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
In relation to the current market fluctuations the company was questioned on whether or not this is a concern and in their eyes \u201cBalenciaga is thinking long-term about crypto, and fluctuations in currency value are nothing new.\u201d<\/li><\/ul>\n\n\n\n
Balenciaga joins fellow fashion house Gucci<\/a> as an adopter of Web3 and its technology, along with various other brands such as\u00a0 Off-White<\/a>,\u00a0 Phillip Plein<\/a>,\u00a0 Hublot<\/a>, and\u00a0 Franck Muller<\/a>.<\/li><\/ul>\n","post_title":"Balenciaga Adopts Crypto As A Payment Method","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"balenciaga-adopts-crypto-as-a-payment-method","to_ping":"","pinged":"","post_modified":"2022-05-23 22:42:30","post_modified_gmt":"2022-05-23 12:42:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5184","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4828,"post_author":"1","post_date":"2022-05-05 20:29:08","post_date_gmt":"2022-05-05 10:29:08","post_content":"\n
Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May.<\/p>\n\n\n\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
El Salvador became the first country to adopt Bitcoin as a legal tender in September 2021. The adoption defied warnings by the IMF, with the institution warning of financial stability risks it posed to the economy. <\/p>\n\n\n\n
Since 2021, El Salvador has been accumulating Bitcoins, totaling over 5,940 as of November 2024. The government also disclosed that its total Bitcoin reserves value had risen to over $600 million, representing a gain of 127%. However, most Salvadoreans have yet to adopt Bitcoin<\/a> in everyday applications.<\/p>\n","post_title":"El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"el-salvador-to-drop-law-requiring-businesses-to-accept-btc-in-deal-with-imf","to_ping":"","pinged":"","post_modified":"2024-12-11 03:44:08","post_modified_gmt":"2024-12-10 16:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n
Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n
The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n
Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n
Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n
The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n
Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n
Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5184,"post_author":"1","post_date":"2022-05-23 22:33:05","post_date_gmt":"2022-05-23 12:33:05","post_content":"\n
French fashion house Balenciaga<\/a> has announced<\/a> that they will begin accepting cryptocurrencies as a form of payment.<\/p>\n\n\n\n
Balenciaga has announced they will begin accepting cryptocurrency as a form of payment in the major US stores such as Madison Ave, NY, Rodeo Dr, CA, and on their website. \"Other regions and e-commerce will follow\" stated the company.<\/li><\/ul>\n\n\n\n
Customers will be able to pay in Bitcoin and Ethereum, with Balenciaga planning to accept various other cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
In relation to the current market fluctuations the company was questioned on whether or not this is a concern and in their eyes \u201cBalenciaga is thinking long-term about crypto, and fluctuations in currency value are nothing new.\u201d<\/li><\/ul>\n\n\n\n
Balenciaga joins fellow fashion house Gucci<\/a> as an adopter of Web3 and its technology, along with various other brands such as\u00a0 Off-White<\/a>,\u00a0 Phillip Plein<\/a>,\u00a0 Hublot<\/a>, and\u00a0 Franck Muller<\/a>.<\/li><\/ul>\n","post_title":"Balenciaga Adopts Crypto As A Payment Method","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"balenciaga-adopts-crypto-as-a-payment-method","to_ping":"","pinged":"","post_modified":"2022-05-23 22:42:30","post_modified_gmt":"2022-05-23 12:42:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5184","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4828,"post_author":"1","post_date":"2022-05-05 20:29:08","post_date_gmt":"2022-05-05 10:29:08","post_content":"\n
Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May.<\/p>\n\n\n\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Yielding To Pressure From IMF On Bitcoin Adoption<\/strong><\/h2>\n\n\n\n
El Salvador became the first country to adopt Bitcoin as a legal tender in September 2021. The adoption defied warnings by the IMF, with the institution warning of financial stability risks it posed to the economy. <\/p>\n\n\n\n
Since 2021, El Salvador has been accumulating Bitcoins, totaling over 5,940 as of November 2024. The government also disclosed that its total Bitcoin reserves value had risen to over $600 million, representing a gain of 127%. However, most Salvadoreans have yet to adopt Bitcoin<\/a> in everyday applications.<\/p>\n","post_title":"El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"el-salvador-to-drop-law-requiring-businesses-to-accept-btc-in-deal-with-imf","to_ping":"","pinged":"","post_modified":"2024-12-11 03:44:08","post_modified_gmt":"2024-12-10 16:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n
Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n
The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n
Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n
Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n
The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n
Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n
Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5184,"post_author":"1","post_date":"2022-05-23 22:33:05","post_date_gmt":"2022-05-23 12:33:05","post_content":"\n
French fashion house Balenciaga<\/a> has announced<\/a> that they will begin accepting cryptocurrencies as a form of payment.<\/p>\n\n\n\n
Balenciaga has announced they will begin accepting cryptocurrency as a form of payment in the major US stores such as Madison Ave, NY, Rodeo Dr, CA, and on their website. \"Other regions and e-commerce will follow\" stated the company.<\/li><\/ul>\n\n\n\n
Customers will be able to pay in Bitcoin and Ethereum, with Balenciaga planning to accept various other cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
In relation to the current market fluctuations the company was questioned on whether or not this is a concern and in their eyes \u201cBalenciaga is thinking long-term about crypto, and fluctuations in currency value are nothing new.\u201d<\/li><\/ul>\n\n\n\n
Balenciaga joins fellow fashion house Gucci<\/a> as an adopter of Web3 and its technology, along with various other brands such as\u00a0 Off-White<\/a>,\u00a0 Phillip Plein<\/a>,\u00a0 Hublot<\/a>, and\u00a0 Franck Muller<\/a>.<\/li><\/ul>\n","post_title":"Balenciaga Adopts Crypto As A Payment Method","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"balenciaga-adopts-crypto-as-a-payment-method","to_ping":"","pinged":"","post_modified":"2022-05-23 22:42:30","post_modified_gmt":"2022-05-23 12:42:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5184","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4828,"post_author":"1","post_date":"2022-05-05 20:29:08","post_date_gmt":"2022-05-05 10:29:08","post_content":"\n
Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May.<\/p>\n\n\n\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> \u2018A Complete Ban on Crypto Not off the Table\u2019; IMF Chief Calls for More Regulations in the Sector<\/a><\/p>\n\n\n\n
Yielding To Pressure From IMF On Bitcoin Adoption<\/strong><\/h2>\n\n\n\n
El Salvador became the first country to adopt Bitcoin as a legal tender in September 2021. The adoption defied warnings by the IMF, with the institution warning of financial stability risks it posed to the economy. <\/p>\n\n\n\n
Since 2021, El Salvador has been accumulating Bitcoins, totaling over 5,940 as of November 2024. The government also disclosed that its total Bitcoin reserves value had risen to over $600 million, representing a gain of 127%. However, most Salvadoreans have yet to adopt Bitcoin<\/a> in everyday applications.<\/p>\n","post_title":"El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"el-salvador-to-drop-law-requiring-businesses-to-accept-btc-in-deal-with-imf","to_ping":"","pinged":"","post_modified":"2024-12-11 03:44:08","post_modified_gmt":"2024-12-10 16:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n
Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n
The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n
Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n
Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n
The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n
Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n
Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5184,"post_author":"1","post_date":"2022-05-23 22:33:05","post_date_gmt":"2022-05-23 12:33:05","post_content":"\n
French fashion house Balenciaga<\/a> has announced<\/a> that they will begin accepting cryptocurrencies as a form of payment.<\/p>\n\n\n\n
Balenciaga has announced they will begin accepting cryptocurrency as a form of payment in the major US stores such as Madison Ave, NY, Rodeo Dr, CA, and on their website. \"Other regions and e-commerce will follow\" stated the company.<\/li><\/ul>\n\n\n\n
Customers will be able to pay in Bitcoin and Ethereum, with Balenciaga planning to accept various other cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
In relation to the current market fluctuations the company was questioned on whether or not this is a concern and in their eyes \u201cBalenciaga is thinking long-term about crypto, and fluctuations in currency value are nothing new.\u201d<\/li><\/ul>\n\n\n\n
Balenciaga joins fellow fashion house Gucci<\/a> as an adopter of Web3 and its technology, along with various other brands such as\u00a0 Off-White<\/a>,\u00a0 Phillip Plein<\/a>,\u00a0 Hublot<\/a>, and\u00a0 Franck Muller<\/a>.<\/li><\/ul>\n","post_title":"Balenciaga Adopts Crypto As A Payment Method","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"balenciaga-adopts-crypto-as-a-payment-method","to_ping":"","pinged":"","post_modified":"2022-05-23 22:42:30","post_modified_gmt":"2022-05-23 12:42:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5184","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4828,"post_author":"1","post_date":"2022-05-05 20:29:08","post_date_gmt":"2022-05-05 10:29:08","post_content":"\n
Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May.<\/p>\n\n\n\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
A report <\/a>by the Financial Times says the deal could be finalized in the next two to three weeks. Upon the agreement, businesses will accept Bitcoin as a voluntary payment method. The deal will also unlock an additional $1 billion in World Bank lending and another $1 billion from the Inter-American Development Bank.<\/p>\n\n\n\n
See Related:<\/em><\/strong> \u2018A Complete Ban on Crypto Not off the Table\u2019; IMF Chief Calls for More Regulations in the Sector<\/a><\/p>\n\n\n\n
Yielding To Pressure From IMF On Bitcoin Adoption<\/strong><\/h2>\n\n\n\n
El Salvador became the first country to adopt Bitcoin as a legal tender in September 2021. The adoption defied warnings by the IMF, with the institution warning of financial stability risks it posed to the economy. <\/p>\n\n\n\n
Since 2021, El Salvador has been accumulating Bitcoins, totaling over 5,940 as of November 2024. The government also disclosed that its total Bitcoin reserves value had risen to over $600 million, representing a gain of 127%. However, most Salvadoreans have yet to adopt Bitcoin<\/a> in everyday applications.<\/p>\n","post_title":"El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"el-salvador-to-drop-law-requiring-businesses-to-accept-btc-in-deal-with-imf","to_ping":"","pinged":"","post_modified":"2024-12-11 03:44:08","post_modified_gmt":"2024-12-10 16:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n
Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n
The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n
Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n
Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n
The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n
Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n
Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5184,"post_author":"1","post_date":"2022-05-23 22:33:05","post_date_gmt":"2022-05-23 12:33:05","post_content":"\n
French fashion house Balenciaga<\/a> has announced<\/a> that they will begin accepting cryptocurrencies as a form of payment.<\/p>\n\n\n\n
Balenciaga has announced they will begin accepting cryptocurrency as a form of payment in the major US stores such as Madison Ave, NY, Rodeo Dr, CA, and on their website. \"Other regions and e-commerce will follow\" stated the company.<\/li><\/ul>\n\n\n\n
Customers will be able to pay in Bitcoin and Ethereum, with Balenciaga planning to accept various other cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
In relation to the current market fluctuations the company was questioned on whether or not this is a concern and in their eyes \u201cBalenciaga is thinking long-term about crypto, and fluctuations in currency value are nothing new.\u201d<\/li><\/ul>\n\n\n\n
Balenciaga joins fellow fashion house Gucci<\/a> as an adopter of Web3 and its technology, along with various other brands such as\u00a0 Off-White<\/a>,\u00a0 Phillip Plein<\/a>,\u00a0 Hublot<\/a>, and\u00a0 Franck Muller<\/a>.<\/li><\/ul>\n","post_title":"Balenciaga Adopts Crypto As A Payment Method","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"balenciaga-adopts-crypto-as-a-payment-method","to_ping":"","pinged":"","post_modified":"2022-05-23 22:42:30","post_modified_gmt":"2022-05-23 12:42:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5184","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4828,"post_author":"1","post_date":"2022-05-05 20:29:08","post_date_gmt":"2022-05-05 10:29:08","post_content":"\n
Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May.<\/p>\n\n\n\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
El Salvador is expected to drop a legal requirement mandating businesses to accept Bitcoin (BTC) as a form of payment. The rule change is part of an agreement with the International Monetary Fund (IMF), which will see El Salvador secure a $1.3 billion loan deal. <\/p>\n\n\n\n
A report <\/a>by the Financial Times says the deal could be finalized in the next two to three weeks. Upon the agreement, businesses will accept Bitcoin as a voluntary payment method. The deal will also unlock an additional $1 billion in World Bank lending and another $1 billion from the Inter-American Development Bank.<\/p>\n\n\n\n
See Related:<\/em><\/strong> \u2018A Complete Ban on Crypto Not off the Table\u2019; IMF Chief Calls for More Regulations in the Sector<\/a><\/p>\n\n\n\n
Yielding To Pressure From IMF On Bitcoin Adoption<\/strong><\/h2>\n\n\n\n
El Salvador became the first country to adopt Bitcoin as a legal tender in September 2021. The adoption defied warnings by the IMF, with the institution warning of financial stability risks it posed to the economy. <\/p>\n\n\n\n
Since 2021, El Salvador has been accumulating Bitcoins, totaling over 5,940 as of November 2024. The government also disclosed that its total Bitcoin reserves value had risen to over $600 million, representing a gain of 127%. However, most Salvadoreans have yet to adopt Bitcoin<\/a> in everyday applications.<\/p>\n","post_title":"El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"el-salvador-to-drop-law-requiring-businesses-to-accept-btc-in-deal-with-imf","to_ping":"","pinged":"","post_modified":"2024-12-11 03:44:08","post_modified_gmt":"2024-12-10 16:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n
Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n
The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n
Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n
Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n
The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n
Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n
Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5184,"post_author":"1","post_date":"2022-05-23 22:33:05","post_date_gmt":"2022-05-23 12:33:05","post_content":"\n
French fashion house Balenciaga<\/a> has announced<\/a> that they will begin accepting cryptocurrencies as a form of payment.<\/p>\n\n\n\n
Balenciaga has announced they will begin accepting cryptocurrency as a form of payment in the major US stores such as Madison Ave, NY, Rodeo Dr, CA, and on their website. \"Other regions and e-commerce will follow\" stated the company.<\/li><\/ul>\n\n\n\n
Customers will be able to pay in Bitcoin and Ethereum, with Balenciaga planning to accept various other cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
In relation to the current market fluctuations the company was questioned on whether or not this is a concern and in their eyes \u201cBalenciaga is thinking long-term about crypto, and fluctuations in currency value are nothing new.\u201d<\/li><\/ul>\n\n\n\n
Balenciaga joins fellow fashion house Gucci<\/a> as an adopter of Web3 and its technology, along with various other brands such as\u00a0 Off-White<\/a>,\u00a0 Phillip Plein<\/a>,\u00a0 Hublot<\/a>, and\u00a0 Franck Muller<\/a>.<\/li><\/ul>\n","post_title":"Balenciaga Adopts Crypto As A Payment Method","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"balenciaga-adopts-crypto-as-a-payment-method","to_ping":"","pinged":"","post_modified":"2022-05-23 22:42:30","post_modified_gmt":"2022-05-23 12:42:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5184","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4828,"post_author":"1","post_date":"2022-05-05 20:29:08","post_date_gmt":"2022-05-05 10:29:08","post_content":"\n
Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May.<\/p>\n\n\n\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
El Salvador made Bitcoin a legal tender in 2021 defying warnings by the IMF.<\/li>\n<\/ul>\n\n\n\n
El Salvador is expected to drop a legal requirement mandating businesses to accept Bitcoin (BTC) as a form of payment. The rule change is part of an agreement with the International Monetary Fund (IMF), which will see El Salvador secure a $1.3 billion loan deal. <\/p>\n\n\n\n
A report <\/a>by the Financial Times says the deal could be finalized in the next two to three weeks. Upon the agreement, businesses will accept Bitcoin as a voluntary payment method. The deal will also unlock an additional $1 billion in World Bank lending and another $1 billion from the Inter-American Development Bank.<\/p>\n\n\n\n
See Related:<\/em><\/strong> \u2018A Complete Ban on Crypto Not off the Table\u2019; IMF Chief Calls for More Regulations in the Sector<\/a><\/p>\n\n\n\n
Yielding To Pressure From IMF On Bitcoin Adoption<\/strong><\/h2>\n\n\n\n
El Salvador became the first country to adopt Bitcoin as a legal tender in September 2021. The adoption defied warnings by the IMF, with the institution warning of financial stability risks it posed to the economy. <\/p>\n\n\n\n
Since 2021, El Salvador has been accumulating Bitcoins, totaling over 5,940 as of November 2024. The government also disclosed that its total Bitcoin reserves value had risen to over $600 million, representing a gain of 127%. However, most Salvadoreans have yet to adopt Bitcoin<\/a> in everyday applications.<\/p>\n","post_title":"El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"el-salvador-to-drop-law-requiring-businesses-to-accept-btc-in-deal-with-imf","to_ping":"","pinged":"","post_modified":"2024-12-11 03:44:08","post_modified_gmt":"2024-12-10 16:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n
Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n
The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n
Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n
Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n
The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n
Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n
Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5184,"post_author":"1","post_date":"2022-05-23 22:33:05","post_date_gmt":"2022-05-23 12:33:05","post_content":"\n
French fashion house Balenciaga<\/a> has announced<\/a> that they will begin accepting cryptocurrencies as a form of payment.<\/p>\n\n\n\n
Balenciaga has announced they will begin accepting cryptocurrency as a form of payment in the major US stores such as Madison Ave, NY, Rodeo Dr, CA, and on their website. \"Other regions and e-commerce will follow\" stated the company.<\/li><\/ul>\n\n\n\n
Customers will be able to pay in Bitcoin and Ethereum, with Balenciaga planning to accept various other cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
In relation to the current market fluctuations the company was questioned on whether or not this is a concern and in their eyes \u201cBalenciaga is thinking long-term about crypto, and fluctuations in currency value are nothing new.\u201d<\/li><\/ul>\n\n\n\n
Balenciaga joins fellow fashion house Gucci<\/a> as an adopter of Web3 and its technology, along with various other brands such as\u00a0 Off-White<\/a>,\u00a0 Phillip Plein<\/a>,\u00a0 Hublot<\/a>, and\u00a0 Franck Muller<\/a>.<\/li><\/ul>\n","post_title":"Balenciaga Adopts Crypto As A Payment Method","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"balenciaga-adopts-crypto-as-a-payment-method","to_ping":"","pinged":"","post_modified":"2022-05-23 22:42:30","post_modified_gmt":"2022-05-23 12:42:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5184","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4828,"post_author":"1","post_date":"2022-05-05 20:29:08","post_date_gmt":"2022-05-05 10:29:08","post_content":"\n
Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May.<\/p>\n\n\n\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Deal terms will make it voluntary for businesses to accept Bitcoin for payments.<\/li>\n\n\n\n
El Salvador made Bitcoin a legal tender in 2021 defying warnings by the IMF.<\/li>\n<\/ul>\n\n\n\n
El Salvador is expected to drop a legal requirement mandating businesses to accept Bitcoin (BTC) as a form of payment. The rule change is part of an agreement with the International Monetary Fund (IMF), which will see El Salvador secure a $1.3 billion loan deal. <\/p>\n\n\n\n
A report <\/a>by the Financial Times says the deal could be finalized in the next two to three weeks. Upon the agreement, businesses will accept Bitcoin as a voluntary payment method. The deal will also unlock an additional $1 billion in World Bank lending and another $1 billion from the Inter-American Development Bank.<\/p>\n\n\n\n
See Related:<\/em><\/strong> \u2018A Complete Ban on Crypto Not off the Table\u2019; IMF Chief Calls for More Regulations in the Sector<\/a><\/p>\n\n\n\n
Yielding To Pressure From IMF On Bitcoin Adoption<\/strong><\/h2>\n\n\n\n
El Salvador became the first country to adopt Bitcoin as a legal tender in September 2021. The adoption defied warnings by the IMF, with the institution warning of financial stability risks it posed to the economy. <\/p>\n\n\n\n
Since 2021, El Salvador has been accumulating Bitcoins, totaling over 5,940 as of November 2024. The government also disclosed that its total Bitcoin reserves value had risen to over $600 million, representing a gain of 127%. However, most Salvadoreans have yet to adopt Bitcoin<\/a> in everyday applications.<\/p>\n","post_title":"El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"el-salvador-to-drop-law-requiring-businesses-to-accept-btc-in-deal-with-imf","to_ping":"","pinged":"","post_modified":"2024-12-11 03:44:08","post_modified_gmt":"2024-12-10 16:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n
Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n
The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n
Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n
Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n
The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n
Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n
Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5184,"post_author":"1","post_date":"2022-05-23 22:33:05","post_date_gmt":"2022-05-23 12:33:05","post_content":"\n
French fashion house Balenciaga<\/a> has announced<\/a> that they will begin accepting cryptocurrencies as a form of payment.<\/p>\n\n\n\n
Balenciaga has announced they will begin accepting cryptocurrency as a form of payment in the major US stores such as Madison Ave, NY, Rodeo Dr, CA, and on their website. \"Other regions and e-commerce will follow\" stated the company.<\/li><\/ul>\n\n\n\n
Customers will be able to pay in Bitcoin and Ethereum, with Balenciaga planning to accept various other cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
In relation to the current market fluctuations the company was questioned on whether or not this is a concern and in their eyes \u201cBalenciaga is thinking long-term about crypto, and fluctuations in currency value are nothing new.\u201d<\/li><\/ul>\n\n\n\n
Balenciaga joins fellow fashion house Gucci<\/a> as an adopter of Web3 and its technology, along with various other brands such as\u00a0 Off-White<\/a>,\u00a0 Phillip Plein<\/a>,\u00a0 Hublot<\/a>, and\u00a0 Franck Muller<\/a>.<\/li><\/ul>\n","post_title":"Balenciaga Adopts Crypto As A Payment Method","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"balenciaga-adopts-crypto-as-a-payment-method","to_ping":"","pinged":"","post_modified":"2022-05-23 22:42:30","post_modified_gmt":"2022-05-23 12:42:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5184","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4828,"post_author":"1","post_date":"2022-05-05 20:29:08","post_date_gmt":"2022-05-05 10:29:08","post_content":"\n
Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May.<\/p>\n\n\n\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Deal terms will make it voluntary for businesses to accept Bitcoin for payments.<\/li>\n\n\n\n
El Salvador made Bitcoin a legal tender in 2021 defying warnings by the IMF.<\/li>\n<\/ul>\n\n\n\n
El Salvador is expected to drop a legal requirement mandating businesses to accept Bitcoin (BTC) as a form of payment. The rule change is part of an agreement with the International Monetary Fund (IMF), which will see El Salvador secure a $1.3 billion loan deal. <\/p>\n\n\n\n
A report <\/a>by the Financial Times says the deal could be finalized in the next two to three weeks. Upon the agreement, businesses will accept Bitcoin as a voluntary payment method. The deal will also unlock an additional $1 billion in World Bank lending and another $1 billion from the Inter-American Development Bank.<\/p>\n\n\n\n
See Related:<\/em><\/strong> \u2018A Complete Ban on Crypto Not off the Table\u2019; IMF Chief Calls for More Regulations in the Sector<\/a><\/p>\n\n\n\n
Yielding To Pressure From IMF On Bitcoin Adoption<\/strong><\/h2>\n\n\n\n
El Salvador became the first country to adopt Bitcoin as a legal tender in September 2021. The adoption defied warnings by the IMF, with the institution warning of financial stability risks it posed to the economy. <\/p>\n\n\n\n
Since 2021, El Salvador has been accumulating Bitcoins, totaling over 5,940 as of November 2024. The government also disclosed that its total Bitcoin reserves value had risen to over $600 million, representing a gain of 127%. However, most Salvadoreans have yet to adopt Bitcoin<\/a> in everyday applications.<\/p>\n","post_title":"El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"el-salvador-to-drop-law-requiring-businesses-to-accept-btc-in-deal-with-imf","to_ping":"","pinged":"","post_modified":"2024-12-11 03:44:08","post_modified_gmt":"2024-12-10 16:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18163,"post_author":"15","post_date":"2024-08-11 17:46:06","post_date_gmt":"2024-08-11 07:46:06","post_content":"\n
Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. <\/p>\n\n\n\n
The law introduces regulations for the previously banned crypto-mining industry. This allows only legal entities and individuals who register with the Ministry of Digital Development to participate. As reported by the Tass<\/a>, those who don't register can still mine but must stay within certain energy limits.<\/p>\n\n\n\n
Russian residents will now be permitted to trade digital currencies. Still, the Russian central bank retains the authority to ban any activity it considers a threat to the national currency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Will Russia Ban Bitcoin? Likely Not; Here's Why...<\/a><\/p>\n\n\n\n
Russia Recently Allows Crypto Payments<\/h2>\n\n\n\n
The Russian legislature passed <\/a>a bill that legalizes using digital currencies for international payments. This move aimed to counter international sanctions. The second bill still awaits Putin's signature.<\/p>\n\n\n\n
Cryptocurrencies have been illegal as a payment method in Russia since 2022, but Putin seems to be warming up to digital assets. He recently voiced support for using cryptocurrencies in international trade, signaling approval of the bills passed last week. Putin has also previously highlighted Russia's advantages in cryptocurrency mining, particularly due to its energy surplus.<\/p>\n\n\n\n
Cryptocurrency mining, which involves using computers to validate transactions on digital networks, can be highly profitable, particularly for blockchains like Bitcoin. The industry has grown significantly, with large-scale operations now typically housed in warehouses full of high-powered, energy-intensive machinery run by major companies.<\/p>\n","post_title":"Putin Greenlights Crypto Mining In Russia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"putin-greenlights-crypto-mining-in-russia","to_ping":"","pinged":"","post_modified":"2024-08-11 17:46:12","post_modified_gmt":"2024-08-11 07:46:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5184,"post_author":"1","post_date":"2022-05-23 22:33:05","post_date_gmt":"2022-05-23 12:33:05","post_content":"\n
French fashion house Balenciaga<\/a> has announced<\/a> that they will begin accepting cryptocurrencies as a form of payment.<\/p>\n\n\n\n
Balenciaga has announced they will begin accepting cryptocurrency as a form of payment in the major US stores such as Madison Ave, NY, Rodeo Dr, CA, and on their website. \"Other regions and e-commerce will follow\" stated the company.<\/li><\/ul>\n\n\n\n
Customers will be able to pay in Bitcoin and Ethereum, with Balenciaga planning to accept various other cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
In relation to the current market fluctuations the company was questioned on whether or not this is a concern and in their eyes \u201cBalenciaga is thinking long-term about crypto, and fluctuations in currency value are nothing new.\u201d<\/li><\/ul>\n\n\n\n
Balenciaga joins fellow fashion house Gucci<\/a> as an adopter of Web3 and its technology, along with various other brands such as\u00a0 Off-White<\/a>,\u00a0 Phillip Plein<\/a>,\u00a0 Hublot<\/a>, and\u00a0 Franck Muller<\/a>.<\/li><\/ul>\n","post_title":"Balenciaga Adopts Crypto As A Payment Method","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"balenciaga-adopts-crypto-as-a-payment-method","to_ping":"","pinged":"","post_modified":"2022-05-23 22:42:30","post_modified_gmt":"2022-05-23 12:42:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5184","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4828,"post_author":"1","post_date":"2022-05-05 20:29:08","post_date_gmt":"2022-05-05 10:29:08","post_content":"\n
Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May.<\/p>\n\n\n\n
5 stores in the United States will accept cryptocurrency as a form of payment, with plans in place to extend the pilot to all of their 111 directly operated stores in North America as reported by<\/a> Vogue Business.<\/li><\/ul>\n\n\n\n
Gucci will accept more than 10 cryptocurrencies, these include; Bitcoin ($BTC), Bitcoin Cash ($BCH), Wrapped Bitcoin ($WBTC), Ethereum ($ETH), Litecoin ($LTC), Dogecoin ($DOGE), and Shiba Inu ($SHIB) along with five USD Pegged stablecoins<\/a>.<\/li><\/ul>\n\n\n\n
Those who were wanting to purchase their clothing items with cryptocurrencies will be sent a QR code via email. This will allow you to pay the funds using your digital wallet.<\/li><\/ul>\n\n\n\n
Gucci has focused its efforts on expanding into the world of blockchain, establishing the brand as an early adopter of Web3. Gucci had released 2 separate NFT collections, dubbed 'SUPERGUCCI<\/a>' and 'Gucci Grail<\/a>'.<\/li><\/ul>\n\n\n\n
Following Gucci as early adopters of Web3 include other luxurious brands such as; Off-White<\/a>, Phillip Plein<\/a>, Hublot<\/a>, and Franck Muller<\/a>, each with their own take on the technology.<\/li><\/ul>\n\n\n\n
\u201cGucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers...Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.\u201d<\/p>Marco Bizzarri, Gucci President and CEO<\/cite><\/blockquote><\/figure>\n","post_title":"Fashion Giant Gucci To Accept Cryptocurrency Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"fashion-giant-gucci-to-accept-cryptocurrency-payments","to_ping":"","pinged":"","post_modified":"2022-05-08 21:01:28","post_modified_gmt":"2022-05-08 11:01:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4828","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
\n\n\n\n
The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

Crypto Payments

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

Deal terms will make it voluntary for businesses to accept Bitcoin for payments. El Salvador made Bitcoin a legal tender ...

by Eric Nkando
December 11, 2024

Cryptocurrencies

Putin Greenlights Crypto Mining In Russia

Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in the country. The law introduces regulations for the ...

by Jeane Claude Vasquez
August 11, 2024

Adoption

Balenciaga Adopts Crypto As A Payment Method

French fashion house Balenciaga has announced that they will begin accepting cryptocurrencies as a form of payment. Balenciaga has announced ...

by The Distributed Team
May 23, 2022

Adoption

Fashion Giant Gucci To Accept Cryptocurrency Payments

Gucci, the high-end Italian fashion label has announced they will accept cryptocurrency payments by the end of May. 5 stores ...

by The Distributed Team
May 5, 2022

Adoption

DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments

Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon. DAMAC stated in a press release on Wednesday ...

by The Distributed Team
May 2, 2022

Most Read

Adoption

El Salvador To Drop Law Requiring Businesses To Accept BTC In Deal With IMF

December 11, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

About The Distributed

Terms

Contact

Privacy

Editorial

Careers

RSS Feed

© 2023 The Distributed

No Result

View All Result

Cryptocurrencies

Adoption

Altcoins

Bitcoin

Blockchain

Business

Decentralized Finance

Ethereum

Hacks

Crypto Markets

NFTs

Regulation

Scams

Stablecoins

Finance

Banking

Central Banks

Financial Markets

Technology

Artificial Intelligence

Cyber Security

Metaverse

Web3

Learn

The Coins

The Future

The Innovations

The Technology

Tools

Cryptocurrency Market

Stock Market

Economic Calendar

Research

Reviews

Exchanges

Wallets

Headlines

About Us

Contact Us

© 2023 The Distributed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.