A 162-year-old luxury Swiss watchmaker TAG Heuer is now accepting $ SHIB, $ DOGE, and ten other cryptographic levels for payment on its U.S. site.
TAG Heuer SA “designs, manufactures and markets peal and fashion accessoriesas well as eyeglasses and mobile phones made below license other companies with the TAG Heuer brand. The Swiss company “started as Uhrenmanufaktur Heuer AG, founded by Edouard Heuer in 1860 in St-Imier, Switzerland”. In 1985, the TAG Group acquired a majority stake in the company and formed TAG Heuer, and in 1999, the French luxury group LVMH acquired almost 100% of the Swiss company.
TAG Heuer will be able to accept krypton because it will become a customer of the crypto payment processor BitPaywho posted the following tweet earlier today:
BitPay, headquartered in Atlanta, Georgia, was founded Tony Gallippi and Stephen Pair in May 2011. The goal was to “make it easy for businesses to accept Bitcoin payments,” and by September 2013, more than 10,000 merchants had approved Bitcoin (BTC) through BitPay. At present, the company claim to be “the world’s largest Bitcoin payment processor, serving businesses on six continents”. Its sponsors are Index Ventures, Founders Fund and Felicis Ventures.
The other 10 cryptographic assets that BitPay merchants can accept are Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Wrapped Bitcoin (WBTC) and five dollar-denominated stable coins (BUSD, DAI, GUSD , USDP and USDC).
According to a report Frédéric Arnault, CEO of The Block’s TAG Heuer, said in a statement:
“We have been following the development of cryptocurrencies very closely since Bitcoin started trading. As an avant-garde watchmaker with an innovative spirit, we knew that TAG Heuer would adopt globally integrated technology in the near future – a technology that would profoundly change our industry and beyond.“
The views and opinions expressed by the author or other persons mentioned in this article are for informational purposes only and do not constitute financial, investment or other advice. There is a risk of financial loss from investing in or trading in cryptographic assets.
h/t – CryptoGlobe