Swiss Luxury Watchmaker Tag Heuer Accepts Bitcoin, Shiba Inu, Stablecoin Payments in the USA

The Swiss luxury watchmaker didn't cancel the possibility of offering cryptocurrency payments in stores in the future.

LVMH- possessed Swiss luxury brand Label Heuer blazoned before this week that it'll accept a aggregate of twelve major cryptocurrencies plus five stablecoins as payment options on its US website. The encyclopedically famed watchmaker had preliminarily revealed that it would soon allow digital currency payments on all websites.
An Early Push into Web3

Label Heuer’s rearmost relinquishment of digital currencies came into reality by uniting with the payment service provider BitPay. It made it possible that druggies could choose major digital currencies, like Bitcoin, Ethereum, stabelcoins, and more, to pay for luxury products.
The new payment route accepts Exodus Wallet, Ledger Wallet, and numerous other crypto holdalls and allows up to$ per sale with no conditions on minimum spending.

Label Heuer CEO Frédéric Arnault said the company had paid attention to Bitcoin since its birth and that the recent ups and campo of the crypto request didn't change its view of digital currencies as a transformative technology. He touted that the advertisement was just the morning of the mammoth’s drive into Web3
“ Label Heuer would borrow what promises to be a encyclopedically integrated technology in the near future despite the oscillations – one that will deeply transfigure our assiduity and beyond … This new crypto payment point is just the morning of numerous instigative systems for Tag Heuer in the Web3 worlds.”

It’s worth noting that Tag Heuer’s relinquishment of cryptocurrencies shouldn't come as a surprise since Arnault, son of billionaire LVMH president Bernard Arnault, is known for his favorable opinions on NFTs and Web3. The 27- times-old Tag Heuer master tête-à-tête owns NFT collections like Clone X PFP by Rtfkt through a collaboration with Takashi Murakami and an Unnoticeable Musketeers by Markus Magnusson.
Luxury Fashion Industry Embraces Crypto

Italian high- end luxury fashion house Gucci blazoned before that it'll accept digital currencies in a selection of US stores this month. The CEO said the airman program was “ a natural elaboration for those guests who would like to have this option available to them.”
Though Tag Heuer doesn't accept digital currencies in its physical stores yet, the company noted that this option might arrive in the future, but it is n’t a precedence for now.

Due to the exponential growth of NFTs in the once times, well- known luxury brands find stepping into the field as a critical strategy for their development. In February, Gucci developed a virtual conception store, dubbed “ Gucci Vault,” for Gucci-themed NFTs on the Sandbox, and it was seen as its incursion into the Metaverse.