Cryptocurrency payments platform BitPay announced on Wednesday it has teamed up with Jomashop, a luxury goods retailer. Through the collaboration, Jomashop will now be accepting cryptocurrency online as a way to attract new customers and sales, and expand payment options for its global clientele. Jomashop reported that its platform allows shoppers to find exactly what they want from over 650 brands and 75,000 items. The company also sells jewelry, crystal, fine writing instruments, apparel, and shoes.
“Throughout the past three decades the company has been committed to innovation in both the fashion and technological landscape. Remember, all transactions are digitally encrypted using the latest technologies and personal information is not shared. Jomashop prides itself on its ability to deliver the best prices, most varied selection, and finest customer service.”
Speaking about the use of cryptocurrency, Alex Sternberg, Vice President at Jomashop, stated that the platform has been seeing an increase in cryptocurrency demand and is partnering with BitPay to enable the acceptance of various crypto, including BTC, ETH, DAI, and DOGE.
“We are now able to offer our luxury goods to affluent users who prefer to pay using cryptocurrency and serve our international customers where it’s easier and faster to pay using bitcoin and other cryptocurrencies.”
Stephen Pair, CEO with BitPay, then commented:
“Cryptocurrency is quickly moving mainstream and forever changing the way businesses and consumers receive and spend funds, and BitPay is helping leading businesses like Jomashop who want to transact in crypto. Jomashop is realizing the potential for crypto to transform its organization by making payments faster, more secure, and less expensive on a global scale.”
Founded in 2011, BitPay considers itself to be a pioneer and leader in global blockchain payments and supports payments from Bitcoin, Bitcoin Cash, XRP and ETH, as well as four dollar-pegged stablecoins, USDC, GUSD, PAX, and BUSD. Settlement in Dai and WBTC is expected to be available this month.