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Title: [2017-08-28] How Bitcoin is making waves in the luxury market Post by: Karartma1 on August 28, 2017, 06:20:26 AM When Bitcoin and a subsequent raft of cryptocurrencies first landed in the early part of the decade, many people -- including noted economists and finance experts -- dismissed them as a fad. ( ;D ;D ;D ;D ;D ;D ;D poor noted economists!)
These new forms of digital money were viewed as little more than capitalist Tamagotchis, currencies with no value to anyone except those looking to buy illicit items. The raft of coffee shops selling lattes for Bitcoins have gone some way to disprove these negative perceptions, but the availability of luxury items like jewelry, cars and even fine art have really stated cryptocurrencies' case for permanence -- nearly a decade after they first came about. More @ http://edition.cnn.com/style/article/bitcoin-luxury-market/index.html Title: Re: [2017-08-28] How Bitcoin is making waves in the luxury market Post by: Xavofat on August 28, 2017, 08:49:05 AM An important merchant to the UK which recently started accepting Bitcoin was Lush (https://uk.lush.com/article/doing-our-bitcoin-lush-digital-accepts-cryptocurrency), which produces luxury cosmetics.
Fancy (https://fancy.com/) accepts it for a range of unnecessarily expensive products, if you're into that sort of thing. Wealthier people often attempt to consume ethically because they do not have to automatically choose the cheapest product like the ordinary consumer. Part of this is the actions of the company they pay, but part of it can also be the currency they use to spend. Even though BTC is a small part of this market now, it can grow quite seriously among ethical types. |