Ralph Lauren is now accepting cryptocurreny payments at its Miami Design District Store.
BitPay is pleased to announce Ralph Lauren, the brand that defines “modern luxury” and timeless style, accepts digital currency payments at its new store in the Miami Design District.
This store reportedly “provides customers with new ways to engage with the brand and shop, including accepting cryptocurrency as a payment method.”
The Miami Design District location is notably “the first Ralph Lauren retail store to accept crypto payments.” Customers can pay “for all of Ralph Lauren’s elevated looks straight from their preferred crypto wallets.”
In partnership with BitPay, customers will be able to make purchases with a fairly wide range cryptocurrencies including:
- Bitcoin (BTC), including Bitcoin Lightning Network
- ApeCoin (APE)
- Bitcoin Cash (BCH)
- Dai (DAI)
- Dogecoin (DOGE)
- Ethereum (ETH)
- Euro Coin (EUROC)
- Gemini Dollar (GUSD)
- Litecoin (LTC)
- Pax Dollar (USDP)
- Polygon (MATIC)
- Shiba Inu (SHIB)
- USD Coin (USDC)
- Wrapped Bitcoin (WBTC)
As covered last year, BlueSnap, a global payment orchestration platform of choice for leading B2B and B2C businesses, announced a partnership with BitPay, which claims to be the largest provider of Bitcoin and cryptocurrency payment services.
This product partnership will “give businesses the ability to accept and get paid out in up to 15 different cryptocurrencies and seven fiat currencies globally, and supports BlueSnap’s mission to help businesses across the globe increase their revenue and reduce costs.”
Merrick Theobald, Vice President of Marketing at BitPay, said:
“As many as 85 percent of major retailers already accept some form of crypto payment, and even small businesses are picking up on the trend with one-third of SMBs beginning to accept crypto. Together, BitPay and BlueSnap will bring this popular payment method to more businesses and consumers globally. We are proud to work with BlueSnap on this partnership, especially as more businesses adopt this growing trend of accepting cryptocurrencies as payment for products and services.”
As a result of this partnership, businesses will be able “to accept and get paid out in leading cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH), ApeCoin (APE), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC), Ripple (XRP), as well as 5 USD-pegged stable coins (BUSD, DAI, GUSD, USDC, and USDP) and 1 EURO-pegged stable coin (EUROC).”
Because crypto protocols are global by default, “the addition of cryptocurrency acceptance and payout will help BlueSnap’s customers conduct business with key stakeholders around the world more seamlessly.”