According to a press release released by Swiss-based luxury watch manufacturer TAG Heuer, the company announced that it has partnered with BitPay and accepted some cryptocurrencies for payments in the US.
TAG Heuer reported that after signing a partnership agreement with BitPay, they expanded their payment options to include cryptocurrencies, and the received payments will be converted into cash by the Bitpay firm.
The world's leading watch manufacturer allows United States customers to purchase their products with cryptocurrencies through BitPay. In its statement on cryptocurrencies that can be used for purchases, the company states that there are a total of 12 different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), etc., as well as Shiba Inu (SHIB) and Dogecoin (DOGE) meme coins, and stablecoins pegged to five dollars.
It was stated that the firm does not have a minimum spending limit for its customers and they can pay up to 10,000 dollars per transaction.
Frédéric Arnault, CEO of the watch manufacturer giant company, made these statements in his statement about Bitcoin (BTC):
“We have been following Bitcoin since the first day it was launched. I should point out that regardless of BTC price increases, it promises to be a globally integrated technology in the near future.”
On the other hand, Frédéric Arnault, the CEO of the company stated in his statements that a study is planned to include Web3 and NFTs, and suggested that the integration of payments with cryptocurrency is the first step before implementing many projects related to other digital assets.
Frédéric Arnault, CEO of watch manufacturer giant TAG Heuer, made these statements about the work done:
“As a luxury brand, we plan to enter this new financial world in the best possible way with our hard work in-house and the support of BitPay. This new payment feature is just the beginning of many exciting projects for TAG Heuer.”