For many people, the thought of using digital currency is still something that seems so futuristic, but the truth is that Cryptocurrency is well and truly here – and more companies than ever are starting to accept it as a method of payment.

Gucci Announcement Cryptocurrency Acceptance

Designer brand Gucci recently announced that some of its flagship outlets across the US would be accepting various Cryptocurrencies as payment. Alongside Bitcoin, Litecoin and Ethereum, the Italian luxury brand announced they would be accepting Shiba Inu and Dogecoin as payment methods too! With QR codes designed to make the transaction as smooth as possible, it seems that Cryptocurrency could soon be used widely throughout retail. Currently, the scheme is operating throughout a handful of stores in North America, with plans to roll this out further if it proves successful.

The Casino Industry

The online casino industry is one that embraced the acceptance of Cryptocurrency and there are a number of online casinos that now allow you to deposit and withdraw winnings using various digital currency options. For example, Spinbit is an online casino that accepts cryptocurrency. It has a category dedicated to crypto games that users can play using various digital currency options. Online casinos have been known for offering various currency options to their players, so the offering of digital currency seemed like the next natural step and so far, it’s proved pretty popular amongst betters.

Starbucks

The hospitality industry isn’t one to be left behind and late last year Starbucks announced that they would allow people to load up their Starbuck app with Bitcoin and use this to pay for goods in their cafes across the US. Over the past year, Starbucks has seen an increase of 28% in their app use, so the brand will be hoping that the introduction of Cryptocurrency will help to expand the use of the app even further.

With big-name brands like Gucci and Starbucks starting to offer payment via Bitcoin and other Cryptocurrencies, it is only a matter of time before other brands start to take notice. Elon Musk has offered payment for Tesla’s via Bitcoin at various times too and this is something that has proved pretty popular. What remains to be seen is who the next big name brand will be to announce a similar scheme and what industry they’ll be in.