Luxury Watch Brand Breitling Partners With BitPay To Introduce Crypto Payment Options.
Breitling, now accept BTC, ETH, and SHIB as payment method. The prestigious watchmaker Breitling is now working with the cryptocurrency payments processor BitPay to start accepting Shiba Inu, Ethereum, and Bitcoin as payment.
Luxury watch brand, @Breitling now accepts crypto! Welcome to #BitPay, we are excited to partner with you to bring new payment options to your customers.
Shop now: https://t.co/rA0JAWLwyV #crypto #cryptopayments pic.twitter.com/tXJ2fGnRsp
— BitPay (@BitPay) June 28, 2022
Breitling SA is a Swiss luxury watchmaker based in Grenchen, Switzerland. The company was founded in 1884 by Léon Breitling in Saint-Imier, Switzerland. Breitling is known for precision-made watches.
Back in December 2021, Bitpay, the industry leader in blockchain payment technology, made an official announcement that they had begun offering support for the Shiba Inu (SHIB) coin. The addition of this feature means that customers may now purchase, store, trade, and spend Ethereum ERC-20 tokens directly on the BitPay app.
BitPay also supports a wide variety of other cryptocurrencies, including Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Litecoin, Wrapped Bitcoin, and five additional USD-pegged stablecoins (BUSD, DAI, GUSD, USDC, and USDP).
As a result, luxury watch customers can pay for their purchases using any of these cryptocurrencies in addition to Bitcoin and Shiba Inu.
Shiba Inu (SHIB) is continuing to gain in popularity despite the fact that its long-term momentum is not very strong. This is mostly because businesses such as Gucci and AMC Entertainment have begun accepting it as a form of payment.
There is no doubt that its price will go up as the use of Shiba Inu as a payment gateway continues to increase. However, there are worries over the high degree of volatility it exhibits.
Given that the value of memecoin consistently experiences a precipitous decline a few days after new features are added to the cryptocurrency, regardless of how those new features are implemented.
SHIB currently ranks in the top 10 crypto assets in terms of trading volume among the 2,000 greatest ETH whales in the preceding twenty-four hours, according to WhaleStats. This information was gleaned via analyzing the transactions conducted by these whales.
The top 100 Ethereum whales are currently hodling a total value of $562,701,229 worth of Shiba Inu, indicating that they are continuing to build up their holdings of cryptocurrency.
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