top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen


5 May 2022

Gucci Set to Become Newest Luxury Label to Authorize In-Store Crypto Payments

The Index Today

Italian luxury fashion brand Gucci revealed that it is set to accept payments in cryptocurrency, towards the end of May in five of its stores in the U.S., while also eventually broadening the service to all its outlets in the country.

As per Vogue Business, Gucci intends to accept payments in 12 cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, Dogecoin, Shiba Inu, and five U.S. dollar stable coins. The company is also providing adequate training to its employees in a bid to better educate them about crypto, non-fungible tokens (NFTs), and Web3.

Gucci will start accepting crypto payments at its stores in Miami, New York, Las Vegas, Atlanta, and Los Angeles, reported Coin Telegraph. This comes after many notable luxury fashion labels, including Off-White, have begun enhancing their operations to accommodate digital assets including NFTs and accepting crypto payments.

Clay pottery with table linens
bottom of page