The trend of Crypto payments is increasing in every industry. Major cryptocurrency payment processor BitPay has announced that it is now also supporting AppCoin (APE). Italian fashion house Gucci has reportedly said it will start accepting the cryptocurrency in partnership with BitPay. This will encourage the use of Apcoin (APE) and people will start buying it.
Gucci becomes the first retailer to accept payment via BitPay
On August 2, the luxury fashion brand announced on Twitter, “Now accepting @ApeCoin payments via @BitPay, select Gucci boutiques in the USA expand the range of cryptocurrencies available for in-store purchases, yet another step in the House’s exploration of Web3.”
According to data available on BitPay, this payment processor processed 66,608 transactions in the month of June.
ApeCoin is the 34th largest cryptocurrency
ApeCoin is the 34th largest cryptocurrency. However, Bitcoin is still the leader in transactions. 53.3% of transactions are done in the world’s largest cryptocurrency. Next comes Litecoin, which accounts for 21.21% of transactions. At the same time, 9.71% of transactions are done in Ethereum, 6.17% in Dogecoin, and 5.02% in Bitcoin Cash. Shiba Inno’s overall transaction participation is less than 0.5%.
last month, luxury yacht services Yachtzoo replaced Shiba Inu and DodgeCoin as payment options. Yatzu also collaborated with cryptocurrency payment processor Bitpay. In addition, users of Bitcoin, Ethereum, Bitcoin Cash, Litecoin, XRP, Dai, Wrapped Bitcoin (WBTC), and Stablecoins can also use the yacht service through cryptocurrencies.