TAG Heuer Partners With Bitpay To Lead The Way Into Payments With Cryptocurrencies

2022-05-23 23:00:25

One of the most popular Swiss timepiece manufacturers in the world, TAG Heuer, revealed that the company will start accepting cryptocurrencies as a viable payment method for purchasing its luxury products. According to the Swiss watchmaker giant, for the time being, this offer will be reserved solely for US citizens.

Moreover, TAG Heuer revealed that the platform for successfully conducting crypto payment will be facilitated by the firm Bitpay, with the users having the option to choose from up to several different cryptocurrencies, including ethereum, bitcoin, dogecoin and bitcoin cash.

In addition, users will also have the option to use up to five different stablecoins, with a rather flexible deposit limit too. As per the announcement of TAG Heuer, customers can spend up to $10.000 for a single transaction, without imposing any minimum deposit limits whatsoever, which is nothing short of convenient.

The reason for this decision by TAG Heuer, according to the company, is due to the ever-increasing number of customers that use digital currencies. And being that TAG Heuer takes pride in being at the forefront of the iGaming industry, the company feels like this giant leap towards integrating crypto was simply put, imminent.

With an increasing number of customers using or earning digital currencies regularly, TAG Heuer intends to be a key player in the imminent transformation of the e-commerce and retail spaces.TAG Heuer - Official Statement

Furthermore, the CEO of TAG Heuer, Frédéric Arnault, only confirms the forward-thinking concept of the watchmaker company, and that due to this way of work, it was only a matter of time before the Swiss timepiece manufacturer jumped the crypto bandwagon.

As an avant-garde watchmaker with an innovative spirit, we knew TAG Heuer would adopt what promises to be a globally integrated technology in the near future despite the fluctuations.Frédéric Arnault - CEO of TAG Heuer

Speaking on the new partnership with one of the biggest names in the watchmaking world, the CEO and co-founder of Bitpay, Stephen Pair, recognize the huge opportunity to partner with a big name such as TAG Heuer, and assist in the process of accepting cryptocurrencies as a viable payment method, something that will further establish Bitpay as one of the best at what it does.

We are excited to see global brands such as TAG Heuer investing in the crypto space and seeking the support of Bitpay to adapt their digital platforms to the rapid transformation of e-commerce. Stephen Pair - CEO of Bitpay

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