High-end Italian fashion brand Gucci has become the first major fashion brand in the world to start accepting payments in the form of cryptocurrency as well. According to media reports, fashion brand Gucci has started accepting payments from the NFT ApeCoin (APE), which is affiliated with the board app Yacht Club.
It is being told that the company announced this decision last week. Gucci's decision to accept payments from the five-month-old cryptocurrency ApeCoin has raised hopes of giving this NFT exposure to the crypto market.
The world's leading fashion brand Gucci has decided to accept payments in the form of cryptocurrencies at a time when the cryptocurrency market is going through a recession. All the major cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin have seen major declines over the past few months.
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