A U.S.-based jewelry store is joining a growing and long list of retailers who are accepting cryptocurrency to pay for goods.
If the crypto industry has been good to you and you’re in the market for something shiny, then you’re in luck. According to a press release, Marks Jewelers is the latest retailer to accept cryptocurrency as a payment. The US-based jewelry store’s wide range of beautiful diamonds and timepieces will most likely have you parting with your crypto in no time at all.
Reaching More Customers Around the Globe
By collaborating with Shopping Cart Elite, an e-commerce platform, Marks Jewelers will be able to accept Bitcoin Diamond (BCD), Bitcoin Cash (BCH), Bitcoin (BTC), Bitcoin Gold (BTG), Dash, Ethereum (ETH), Litecoin (LTC) and Zcoin (XZC).
The Director of Marketing for the jewelers, Joshua Rubin, spoke about his excitement for this new venture and how it will impact the company:
We’re very excited to begin accepting cryptocurrency payments from our customers around the world. This will allow us to make our fine jewelry available to the global market while paying lower fees and avoiding chargebacks. Marks has long been known for our meticulous craftsmanship and curated selection, and we are thrilled to open our store to the world.
While convenience and customer-base expansion are obvious benefits for the company, their clients may also experience discounted rates. This is because the savings that Marks Jewelers will enjoy, such as lack of currency conversion fees and reduced transaction costs, could translate into more affordable product prices for their customers.
Cryptocurrency Acceptance Continues to Grow
While perhaps the latest, Marks Jewelers is by no means that only retailer that is accepting virtual currencies as payment. Overstock saw the crypto light back in 2014 when they began accepting Bitcoin and its brethren. Live Bitcoin News also reported on a Texas-based luxury vehicle dealership that began accepting crypto as well as another U.S.-based car dealership that recently sold a car completely paid for in Dash.
However, if you really want to up the ante and buy your own yacht or even the ever-popular Bitcoin status symbol, a Lambo, then sites like the Dadiani Syndicate were made for you. With these platforms, bridging the divide between virtual wealth and tangible luxury assets is getting easier and easier.
So, the moral of the story is that you don’t have to let your lack of fiat stop you from popping the big question or buying that priceless work of art. Just find a platform that can accept your crypto and treat yo’ self.
What would be the first luxury item you’d buy if you had some crypto to spare? Let us know in the comments below!
Images courtesy of Pixabay and Shutterstock.