TAG Heuer starts accepting cryptocurrency as payment for goods

Luxury Swiss watchmaker TAG Heuer has added a cryptocurrency payment option after entering into a partnership agreement with cryptocurrency payment operator BitPay, which allows companies to automatically convert cryptocurrency into fiat.

Payments can be made in one of 12 cryptocurrencies, including Bitcoin, Ethereum, and Bitcoin Cash, as well as Shiba Inu and DOGE meme coins and five dollar-pegged stablecoins. There is no minimum transaction threshold, and the maximum size of a single transaction is $ 10,000.

According to the company’s CEO, Frederic Arnaud, they have been watching BTC since the day it first started trading. Speaking about BTC, he called it the No. 1 cryptocurrency because it promises to become a technology integrated around the world in the near future, regardless of price spikes. Arnaud said that the integration of crypto payments is only the first step before the implementation of many other projects related to Web3 and cryptography.

Earlier, the Gucci fashion house announced the acceptance of crypto payments. Cryptocurrencies can also be used to buy luxury real estate and luxury cars.