Hublot watches can now be purchased with cryptocurrencies. Swiss watch manufacturer Hublot has launched a new limited edition luxury timepiece called the 'Big Bang Unico Grey'. Users will be able to purchase these watches by paying through the cryptocurrency payment platform BitPay.

A total of 200 watches of this type are exclusively available for sale on the Hublot platform. Most of such luxury brands have now embraced crypto payments. Despite the general decline in the cryptocurrency market, these brands are keen to adopt Bitcoin as a payment option.

hublot

BitPay Makes It Easier For Enterprises To Enter This Space

Recently, major brands such as Tag Heuer, Gucci, and Balenciaga have also started accepting crypto payments. Some other luxury brands are also currently in the testing phase of paying in cryptocurrencies. Payment intermediaries such as BitPay, a renowned crypto infrastructure provider, make it easy for these companies to enter the crypto space.

crypto payment

Watches Can Be Obtained From The Website

This limited edition "Big Bang Unico Gray" watch costs around 27,200 Euros. To purchase one of these watches, a payment of just over 1 BTC is required based on the price of the digital asset currently. The watches are currently available for purchase on the brand's website.

Many crypto companies, especially Coinbase, were negatively affected by the market drop

Coinbase announced yesterday that it has decided to close its Coinbase Pro platform, designed for professional cryptocurrency investors. The crypto exchange, which intends to shut down the Coinbase Pro platform by the end of this year, will move customers on the platform to the Coinbase.com platform. Prior to this decision, advanced trading features were added to the standard platform of the US-based cryptocurrency exchange.

coinbase

In addition to this development, Coinbase came to the fore with dismissal decisions last week. The cryptocurrency exchange decided to abruptly lay off 1,100 employees, which make up 18 percent of its total workforce.

Coinbase was not the only company affected by the sharp drop in the cryptocurrency markets. In the past days, news of the layoffs of many crypto exchanges has come. These include major crypto companies such as Crypto.com, Gemini, ByBit, and BlockFi.

Gemini announced that it laid off 10 percent of its total number of employees at the beginning of the month. Crypto.com, which gained significant recognition with its global advertisements last year, decided to terminate 5 percent of its total workforce.