Louis Vuitton-Balenciaga Trials Crypto Payments
The parent company of famous fashion company Louis Vuitton (LVMH) has started a trial to accept payments using cryptocurrency. However, this payment is only valid in several stores and brands.
The same thing is also done by other luxury goods manufacturers such as Balenciaga to Gucci. Although it has not been done comprehensively, this is quite good news considering that crypto is increasingly used outside the financial industry, one of which is fashion.
Meanwhile, some time ago Printemps, a French luxury goods store, announced that it had partnered with the world's largest crypto exchange and Lyzi to accept cryptocurrency payments.
This indicates the impact of the re-election of US President Donald Trump who promised regulation of crypto. This is seen as a positive step considering that crypto is increasingly accepted in various industries as a legitimate payment option.