Gucci to Accept ApeCoin in US Stores

Gucci to Accept ApeCoin in US Stores

High-end luxury fashion house Gucci is expected to start accepting ApeCoin payments at its U.S. stores and boutiques, according to the company's Twitter and a recent Business Wire announcement

"Excited to announce that Gucci will become the first major brand to allow customers to pay for purchases in-store with ApeCoin, via BitPay," the official ApeCoin Twitter confirmed shortly after the announcement went live.

The transactions will be processed via BitPay, a U.S.-based cryptocurrency payment service provider founded in 2011 by Tony Gallippi and Stephen Pair.

BitPay announced today that it will add ApeCoin and Euro Coin (EUROC), a Euro-based stablecoin by the creator of USDC Circle, to its service. The company is expected to announce further coin expansions in the future, too.

"We added ApeCoin and Euro Coin because customers of our luxurt merchant partners asked for it," Pair, who is currently serving as BitPay's CEO, said in a statement. "They asked, and we delivered."

BitPay also currently supports Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Litecoin, Shiba Uni, Wrapped Bitcoin, XRP, BUSD, DAI, GUSD, USDP, and USDC.

ApeCoin (APE) is the native token for the Yuga Labs and Bored Ape Yacht Club ecosystem. It is currently $6.50 per token and has a total market cap of $2 billion. The full circulating supply of APE has not been released, and its fully diluted market cap is $6.5 billion.

To learn more about ApeCoin, see Lucky Trader's guide here. And to learn about how to enter the Yuga Labs ecosystem, see Lucky Trader's introduction article here.

More about Bored Ape Yacht Club

Arguably the most successful NFT project, the Bored Ape Yacht Club (BAYC), is a collection of 10,000 uniquely generated bored apes that are stored on the Ethereum blockchain. Launched on April 23, Bored Ape Yacht Club had a mint price of 0.08 ETH and the collection sold out on April 30, 2021. Since its launch, the project has dropped multiple companion collections including Bored Ape Kennel Club, Mutant Ape Yacht Club, and Otherdeed for Otherside, and has helped onboard a number of high profile and celebrity collectors to the NFT ecosystem.

At the time of publish, the Bored Ape Yacht Club floor price sits at 65.99 ETH, and has stayed relatively flat over the past 24 hours on 926 ETH volume of transactions. Over the last 30 days, 26 sharp wallets have sold 29 NFTs and 29 sharp wallets have bought 29 NFTs in the Bored Ape Yacht Club collection. Catch up on other recent Bored Ape Yacht Club news here.

Recent Bored Ape Yacht Club Sales

#9601sold at 12/05 9:12pm for
70.0
#9892sold at 12/05 8:12pm for
65.0
#1971sold at 12/05 6:12pm for
68.7
#6866sold at 12/05 3:12pm for
81.0
#276sold at 12/05 2:12pm for
140

Recent Bored Ape Yacht Club Listings

#8477listed at 12/06 12:12am for
121
#7303listed at 12/06 12:12am for
149
#7303listed at 12/06 12:12am for
149
#8477listed at 12/06 12:12am for
121
#8477listed at 12/06 12:12am for
121
Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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