Jewelry store in the US starts accepting bitcoins as payment

Continental Diamond, a jewelry store in St. Louis (USA), will start accepting bitcoins. «Accepting cryptocurrency seemed like a natural next step in adapting to changing market behavior and for the benefit of our customers,» said Jimmy Pesis, co-owner and president of Continental Diamond.

CD will use the infrastructure provided by BitPay to facilitate bitcoin acceptance. The reason is simple — BitPay protects businesses from volatility by ensuring that they are paid for every dollar charged for a purchase in BTC with daily settlement and a 1% fee.

It is worth noting that retailers and luxury fashion brands have also started accepting bitcoin. A week ago, the famous fashion house Gucci announced that it has launched a pilot stage of cryptocurrency acceptance and will expand crypto acceptance to the whole of North America over the summer. Cryptocurrency can also be used to buy VIP cars and real estate in Dubai.