Luxury watch manufacturer Tag Heuer has announced that it will accept payments in cryptocurrencies. The crypto move came despite the collapse in the cryptocurrency markets.
Crypto Move by Tag Heuer. Despite the collapse in the cryptocurrency markets, the support of the institutional investors continue. Finally, the Swiss luxury watch manufacturer Tag Heuer made an announcement on its official website. The brand reported that it will start receiving payments with cryptocurrencies.
Tag Heuer-BitPay Partnership
The famous watch brand stated that it has partnered with BitPay to be able to receive payments with cryptocurrencies.
It was noted that the company will accept Bitcoin, Ethereum, Dogecoin and 5 stablecoins and a total of 12 cryptocurrencies as payment instruments, and the transaction limit is set at 10 thousand dollars per transaction.
TAG Heuer CEO Frédéric Arnault said: “As a luxury brand, we had to ensure that our Web3 entry met our standards of excellence, and thanks to our in-house agile teams and the support of BitPay, we are able to enter this new financial world in the best possible way.”
Source: Coinkolik