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Crypto payments; here are the latest firms accepting them

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Philip Plein and the official Portuguese retailer of Xiaomi have announced during the last few days that they are accepting crypto payments.

Philipp Plein is now officially the first major fashion brand to allow its customers to use digital currencies as a form of payment. The company, based in Switzerland, announced earlier this week that 15 different tokens will be accepted, including bitcoin (BTC) and ether (ETH). In partnership with Coinify, purchases using crypto are available online and also in-store.

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Philipp Plein is now accepting crypto payments.
Philipp Plein

“I believe that cryptocurrencies are the future and my team and I have made a major commitment in time and resources, performing all necessary system modifications in order to adopt this new type of currency. I am very pleased to be able to offer to our customers this additional payment tool and the flexibility associated with it”.

Philipp Plein
Mi Store Portugal, the official Xiaomi retailer in the country, also announced during this week that it is accepting crypto payments.

Customers can now buy the firm’s devices using one of the five available virtual currencies. At checkout, they can pay with bitcoin (BTC), ether (ETH), utrust (UTK), Tether’s USDT, or DASH. The new service is offered through a partnership with Utrust.

“We are a technological, innovative, and disruptive brand. That’s why we always want to be one step ahead. We want to give the possibility to all true technology fans to buy their favorite gadgets with what is currently the ‘most technological money.’”

Mi Store Portugal announced.

“Mi Store Portugal, the official Xiaomi retailer, now accepts #crypto payments! Xiaomi is the 2nd largest phone manufacturer in the world, and now their local branch is accepting the Money of Tomorrow.” This statement was posted on the official Twitter account of the Portuguese retailer.

Tesla also announced in March that their cars were purchasable with bitcoin, but only in the United States. Tesla’s CEO Elon Musk revealed later in May that the firm would no longer accept bitcoin due to concerns about its environmental effects. The news had a major impact on the most popular digital currency, experiencing one of the biggest price drops lately.

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