📌FarFetch x Lunu

Hi there!

Long time no see fellas, So yeah back with yet another Crypto Adoption news. FarFetch becomes the latest entrant in Crypto Adopting world. The British-Portuguese luxury fashion retailer following the footsteps of fellow brands like Gucci and Balenciaga has decided to embrace Crypto payment.

In 2019, FarFetch acquired New Guards Group which is parent company of Off White. A couple of months ago, Off White had announced cryptopayment option in its stores in Milan, Paris, and London using the Lunu’s technology. FarFetch has now announced collaboration with same German crypto platform Lunu to facilitate it customer with cryptopayment option.

Customers will be available to make payments through seven different cryptocoins which includes prminent cryptocurrencies like bitcoin, ethereum, and binance coin. For the time being, The said feature will be rolled out to selected clients and later on the company is planning to expand it into the U.S., U.K., and Europe. Announcing the news Founder, CEO, and Chairman of FarFetch, José Neves stated

"This was a crucial step to test and learn, and we are excited to [now] share our technical and service know-how with our community, As a platform company, we are continually innovating to serve as the bridge for the luxury industry to new technologies and environments where the luxury customer is today, and where they’ll be tomorrow. With this move, we look forward to empowering our incredible boutique and brand partners to embrace cryptocurrency."

News Ends here.

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