Cryptocurrency: Everything Retailers Need To Know
Forrester eCommerce
NOVEMBER 16, 2021
Let's demystify the crypto basics, examine the pros and cons, and share our take on whether retailers should accept cryptocurrencies.
What is the most popular cryptocurrency
365 Retail
OCTOBER 9, 2023
Cryptocurrency in turn can be used for different purposes. You’re guaranteed to have heard of the most popular cryptocurrencies at least once. A list of tokens you’ve definitely heard of If you create a cryptocurrency card, you will definitely have no problem with the most popular cryptocurrencies. Etherium.
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Cryptocurrencies are the Future of Payments: Here is How Merchants Fit In
Retail TouchPoints
JULY 5, 2021
Bitcoin, along with many other cryptocurrencies today, finds itself in a rather unique position. At first glance, Gemini’s announcement seems to mirror that of cryptocurrency-based lender BlockFi’s December 2020 announcement of a Bitcoin Rewards Credit Card that would incentivize cardholders with 1.5%
4 Ways Retailers Can Add Crypto Successfully
Retail TouchPoints
APRIL 13, 2022
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. billion by 2030, a number that’s likely conservative as well-known retailers expand their footprint into this space.
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Crypto Payments Adoption in FinTech: How Do Retailers Fit in?
Retail TouchPoints
FEBRUARY 23, 2022
For retailers, the revolutionary payments shift towards cryptocurrency will certainly come with challenges, but it may all be worth it. After all, offering this option opens the door to a whole new audience of more than 106 million people across the world that hold assets in cryptocurrency. Expect the need for a crypto manager.
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FARFETCH Joins Gucci and Other Luxury Brands in Accepting Crypto Payments
Retail TouchPoints
JUNE 14, 2022
Luxury platform FARFETCH will accept cryptocurrency payments for all purchases on the FARFETCH Marketplace, with plans to expand to FARFETCH Private Clients in the coming months and to all customers in the U.S., FARFETCH customers can scan a QR code to access their cryptocurrency wallets and use more than 60 popular forms of crypto payments.
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Cryptocurrency Regulations In The United Kingdom – A Guide To Follow
365 Retail
JULY 11, 2022
In essence, Cryptocurrency isn’t really considered to be a legal tender model in the UK. Unlike the USA, the United Kingdom was a little cautious about the usage of Cryptocurrency at the beginning. The United Kingdom government will consult a “world-leading regime) to regulate trade in Bitcoin and other Cryptocurrencies.
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4 Tips for Retailers who want to Start Accepting Cryptocurrencies
365 Retail
DECEMBER 2, 2022
Unfortunately for them, very few retail shops accept crypto. You do have to be careful if you decide to accept them, however, since there are major differences between cryptocurrencies and regular currencies. Let’s take a look at a few tips for retailers who want to start accepting crypto payments. Stick to the Top Cryptos Only.
Things You Need To Know About Cryptocurrency
365 Retail
JULY 11, 2022
Cryptocurrency! Cryptocurrency and the underlying technology are not just a form of digital cash. . Many individual investors, along with institutional investors, are also investing in different Cryptocurrencies. All these things might be making you eager to know about Cryptocurrency. What Is Cryptocurrency? .
Metaverse And Cryptocurrency: How Does It All Work?
365 Retail
JULY 11, 2022
Metaverse, and Cryptocurrency. According to Motley Fool, both Cryptocurrency and Metaverse are intertwined with each other. In any case, Cryptocurrency has already become a part of the Metaverse. In some cases, it might be possible for you to earn Cryptocurrency for free too. However, now, you may have a question. .
Kwik Trip Debuts Bitcoin ATMs at 800 Midwest Locations
Retail TouchPoints
MAY 17, 2022
We understand Coinsource’s aim of providing the fastest, easiest and most secure way to buy and sell cryptocurrencies and how a key part of this is placing the Bitcoin ATMs in convenient and easily accessible locations.”. Nonetheless, cryptocurrency doesn’t appear to be going away, as evidenced by the growing number of large U.S.
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Ralph Lauren Dives into Web3 With Crypto-Focused Miami Concept Store
Retail TouchPoints
APRIL 7, 2023
Ralph Lauren has opened a concept store in Miami that will accept cryptocurrency payments through a partnership with BitPay , according to a tweet. Marking the first time Ralph Lauren will accept crypto as payment, the store will accept cryptocurrencies including bitcoin, Ethereum, polygon and dogecoin.
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The Secrets To Earn Money With Cryptocurrency
365 Retail
JUNE 1, 2022
Cryptocurrency! Although during the early days, when Cryptocurrency has first introduced in the market, a group of financial experts stated it as a useless currency. But now, after more than a decade, Cryptocurrency has become a billion-dollar industry. The Secrets To Earn Money With Cryptocurrency. Strategy No.
How retailers are approaching cryptocurrency payments
RetailDive
JULY 7, 2022
Rivals Pacsun and American Eagle Outfitters have similar target audiences but are approaching the rising popularity of digital currency differently.
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Report: GameStop Closing Kentucky Distribution Center, Potentially Affecting Hundreds of Jobs
Retail TouchPoints
JANUARY 23, 2023
In December 2022, GameStop laid off an unspecified number of workers but with a greater impact on the cryptocurrency side of the business. The retailer launched an NFT marketplace in late October 2022, but CEO Matt Furlong stated that it has “minimized exposure to cryptocurrency risk throughout the year” in a Dec.
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Tech Trends Shaping Retail: From AI to Blockchain
365 Retail
APRIL 26, 2024
Innovations in retail technology are driving growth and redefining the shopping experience. As retail sectors evolve, technology continues to play a pivotal role in shaping business strategies and enhancing customer satisfaction. Stay tuned as we explore the key technologies that are setting new standards in the retail industry.
Ripple and Lunu partner to enable luxury retailers to accept cryptocurrency payments
365 Retail
JUNE 7, 2022
Today, Ripple , the leader in enterprise blockchain and crypto solutions, has announced a partnership with Lunu to support the Berlin-based company’s luxury retailers in accepting cryptocurrency as a form of payment in store and online using Ripple’s Liquidity Hub. Demand in Europe for Ripple’s products remains extremely strong.
Fred Segal Enters Metaverse With Launch of the Artcade In-Store Retail Experience
Retail TouchPoints
DECEMBER 14, 2021
Fred Segal has partnered with media tech holding company Subnation to launch Artcade, a dynamic retail experience featuring curated collectibles, limited product drops, an NFT gallery and a streaming studio. The collaboration will exist both on L.A.’s s Sunset Strip and in the Metaverse.
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eCommerce and Cryptocurrency: Helping SMBs Navigate a Changing Payment Landscape
Korona
MARCH 28, 2022
The use of cryptocurrencies for online shopping has shown parallel expansion. Even for small online retailers, it’s important that you’re not too late to the game. What Is Cryptocurrency? What Are The Top Cryptocurrencies To Know ? How to Pick a Cryptocurrency eCommerce Gateway. What Is Cryptocurrency?
Store Tours: Solana Spaces Brings Web3 to the Real World
Retail TouchPoints
AUGUST 2, 2022
Web3 is all about the internet, so creating a retail storefront featuring concepts like blockchain and cryptocurrency seems a tad counterintuitive, but that’s exactly what the team at Solana Spaces has done.
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Walmart Steps Up Ecommerce Investment With Cross-Border Commerce and NFT Projects
Retail TouchPoints
JANUARY 20, 2022
The retail giant announced that it is encouraging Indian retailers to join its U.S. marketplace, while CNBC has reported that the company plans to create its own cryptocurrency and collection of NFTs. Walmart’s metaverse plans reportedly include a cryptocurrency and an NFT collection, according to CNBC.
PayPal Purchases Cryptocurrency Security Provider Curv
Retail TouchPoints
MARCH 9, 2021
PayPal Holdings will acquire Curv , a Tel-Aviv based provider of cloud-based infrastructure for digital asset security. Financial terms of the deal were not disclosed, and PayPal expects to complete the purchase in the first half of 2021.
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The Reality of the Metaverse: Debunking 3 Myths about the World(s) of Web3
Retail TouchPoints
NOVEMBER 9, 2022
A lot of brands missed Web2 frankly, and those brands are the ones that are going gangbusters into Web3 ,” said Sasha Wallinger, Head of Metaverse and Web3 Strategy at innovation and design consultancy Journey in an interview with Retail TouchPoints. It makes a ton of sense for a brand like Gucci , though, that is all-in on the metaverse.
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NFTs will Bridge the Gap Between the Real World and the Metaverse
Retail TouchPoints
MARCH 17, 2023
The retail store, on the other hand, appeared further down the road in ancient Greece, where merchants sold goods in the Agora city center. Reintroducing NFTs for Retail Selling digital products to consumers is not new. But the difference between a digital product and an NFT is critical to the retail experience. In the U.S.,
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GameStop Accelerates Transformation into Tech Business with NFT Marketplace Launch
Retail TouchPoints
OCTOBER 31, 2022
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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7-Eleven testing new financial services in stores
RetailDive
MAY 16, 2024
The retailer will add terminals to 3,000 Speedway locations and test services like cryptocurrency purchases with ATM solution provider FCTI.
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GameStop Lays Off Additional Workers, Cuts Crypto Exposure Following Weak Q3
Retail TouchPoints
DECEMBER 8, 2022
While the scale of the layoffs is unknown, the cuts are reportedly having a greater impact on the cryptocurrency side of the business, where at least six software engineers have said they were let go, according to Axios. GameStop is undergoing another round of layoffs, according to a post on LinkedIn by a GameStop executive. billion , down 8.5%
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Digital Wallets and Cryptocurrency: DTC Brands Must Prepare for the Future of Money
ESW
JANUARY 28, 2019
Whether you love it or are indifferent, cryptocurrency is here to stay — for better or for worse. The question has as much to do with other forms of digital payment processes as it does with cryptocurrency itself. What Cryptocurrency and Digital Wallets Can Offer Brands. Bitcoin turned 10 years old in 2018.
GameStop launches digital wallet for cryptocurrency, NFTs
RetailDive
MAY 26, 2022
The video game retailer is officially expanding into a new business category following its disappointing Q4 earnings report in March.
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Virtual Storefronts Are The Future Of Retail, Here’s How We Get There
RIS News
DECEMBER 4, 2023
The latest in Web3 technology, such as blockchain, cryptocurrency, and non-fungible tokens (NFTs), is allowing for far more robust, and rewarding, virtual storefronts than anything consumers have seen before.
Walmart looks for a cryptocurrency strategy leader
RetailDive
AUGUST 16, 2021
The retailer follows Amazon in seeking a subject matter expert for a field that is still largely unproven and sorting itself out.
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Beyond the Transaction: How PayPal is Helping Remove Friction Across the Commerce Experience
Retail TouchPoints
APRIL 5, 2022
Fast forward to 2022 and Schulman’s words show foresight into technologies that most consumers weren’t even aware of a mere eight years ago — cryptocurrency , digital wallets and peer-to-peer (P2P) digital payment services have transformed the way everyone from friends sharing a dinner to multi-national corporations move funds.
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Where Payment Processing Systems Are Headed In 2020
RTP blog
DECEMBER 30, 2019
Cryptocurrencies Are Becoming More Popular Bitcoin is the most commonly known cryptocurrency, but there are currently more than 1,600 different blockchain networks in existence. It’s possible that retailers will begin accepting cryptocurrencies. What makes cryptocurrency appealing?
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As Gen Z Gains Spending Power, Luxury Brands Go Big with Digital
Retail TouchPoints
AUGUST 18, 2022
In June 2022, FARFETCH began accepting cryptocurrency payments on its marketplace following a test at Browns retail locations and select Off-White flagships. Customers’ cryptocurrency wallets are accessible simply by scanning a QR code. UK and Europe by late 2022. Creating a Virtual Presence Beyond the Hype.
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LVMH to Name Chief Omnichannel Officer
Retail TouchPoints
DECEMBER 7, 2020
The brand has appointed Michael David, who ran online retail for the company’s Louis Vuitton division, to the new group-wide role of Chief Omnichannel Officer, according to an internal memo reported by Reuters. Rogers also spearheaded the launch of 24S , a multi-brand online retailer for LVMH’s own brands.
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New Solana Spaces Store in NYC Heralds Coming Wave of ‘Phygital’ Web3 Concepts
Retail TouchPoints
AUGUST 4, 2022
Adding to the curious nature of this new retail concept is the fact that there’s a good chance consumers will walk away from the store with more money than they came in with (it just won’t be in the form of U.S. Solana Spaces opened its first permanent location July 28, 2022 at The Shops at Hudson Yards in Manhattan.
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Ferragamo Partners With Farfetch as Part of Millennial/Gen Z Strategy
Retail TouchPoints
AUGUST 11, 2022
While certain players within the luxury space have been slow to adopt new technologies, others, including Gucci and LVMH , have embraced the personalization opportunities stemming from digital tools such as AI, machine learning , cryptocurrency and metaverse-style virtual environments.
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Turn Innovation into Action: Top 10 Takeaways You’ll Get From #RIC21
Retail TouchPoints
NOVEMBER 11, 2021
The agenda for the virtual 2021 Retail Innovation Conference , taking place Nov. 16 and 17, has been designed to provide practical answers to the most pressing questions on retailers’ minds today. Wondering whether BNPL, cryptocurrencies and NFTs will have staying power or are passing fads? The ins and outs of livestreaming.
How Token Listing Transcends Traditional HODLing
365 Retail
DECEMBER 21, 2023
In the cryptocurrency world, “HODLing”, a practice of holding onto your tokens for long-term growth, has been a popular strategy. This article delves into how cryptocurrency listing can transcend traditional holding methods, potentially leading to augmented returns, and explores the various aspects of this strategy.
LVMH's chief digital officer leaves for cryptocurrency startup
RetailDive
DECEMBER 2, 2020
The move comes as other brands and retailers retool their executive hires for the digital era.
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Apple Pay to accept Bitcoin via BitPay cards
RetailDive
FEBRUARY 16, 2021
Samsung Pay and Google Pay will do the same later this year, as more retailers and their financial partners begin accepting cryptocurrency as payment.
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New Marketplace for High-End Digital (and Some Physical) Fashions Debuts
Retail TouchPoints
SEPTEMBER 15, 2023
By curating their own Collections via their cryptocurrency wallet, users can express their unique point of view on digital fashion, while brands can expand their narratives and tap into an entirely new audience. SYKY also features a secondary marketplace where digital product holders can buy, sell and trade their digital assets.
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How to Adapt Your Ecommerce Business to Increase Sales in 2021
Retail TouchPoints
MARCH 10, 2021
Despite this, all retailers must continue strengthening their online channel to meet customer needs and drive growth thanks to this new momentum. Increased popularity and use of cryptocurrencies : Bitcoin continues to be a player in the shadows. These are closely followed by entertainment products, both offline and online.
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Why 2022 Will Be a Big Coming Out Party for NFTs
Retail TouchPoints
MARCH 10, 2022
This is potentially game-changing for retailers, who can sell — or even give away — NFTs that provide access to online stores, product discounts, exclusive goods and pop-ups. What’s more, these benefits can be updated over time, so a retailer can confer any of these aforementioned utilities as time goes on. Virtual Communities.
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