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Cryptocurrencies are the Future of Payments: Here is How Merchants Fit In

Retail TouchPoints

Bitcoin, along with many other cryptocurrencies today, finds itself in a rather unique position. However, it was only after the COVID-19 pandemic that Bitcoin values truly surged to reach an all-time record high of $60,000 in March 2021, though as of this writing in May the price has since decreased.

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4 Ways Retailers Can Add Crypto Successfully

Retail TouchPoints

Many people in finance and retail considered 2021 the “year of the cryptocurrency.” While the NYC payroll department likely cannot do that, it signals the mayor’s intentions to encourage cryptocurrency adoption. According to Coin ATM Radar, as of December 2021 there were more than 30,000 cryptocurrency ATMs around the world.

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How to Adapt Your Ecommerce Business to Increase Sales in 2021

Retail TouchPoints

It’s estimated that these figures will continue to rise gradually in 2021, due to the ongoing prevention methods put in place internationally along with the changes in consumer spending habits. Growing Trends in 2021. Increased popularity and use of cryptocurrencies : Bitcoin continues to be a player in the shadows.

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PayPal Purchases Cryptocurrency Security Provider Curv

Retail TouchPoints

Financial terms of the deal were not disclosed, and PayPal expects to complete the purchase in the first half of 2021. During our conversations with Curv’s team, we’ve been impressed by their technical talent, entrepreneurial spirit and the thinking behind the technology they’ve built in the last few years.”.

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GameStop Accelerates Transformation into Tech Business with NFT Marketplace Launch

Retail TouchPoints

After rocketing to meme stock status during the pandemic, GameStop’s wild ride has continued in 2022 as the company’s new leadership team sets out to transform the video game retailer into a “technology business and help create enduring value for stockholders.” In 2021 online users sent more than $44.2

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As Gen Z Gains Spending Power, Luxury Brands Go Big with Digital  

Retail TouchPoints

billion , which is a 28% increase compared to the same period in 2021. Kering — owner of brands such as Gucci , Yves Saint Laurent and Bottega Veneta — reported revenue of more than $10 billion during the first half of 2022, a 16% increase compared to the first six months of 2021. UK and Europe by late 2022.

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Ferragamo Partners With Farfetch as Part of Millennial/Gen Z Strategy

Retail TouchPoints

Since leaving his Chief Executive post at Burberry for the CEO role at Ferragamo at the end of 2021, Gobbetti has been focused on steering the 95-year-old brand toward a more modern approach to luxury — one that will entice the next generation of consumers to engage with the fashion house.