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Report: Luxury Fashion Retailer Farfetch to Accept Crypto Assets for Payments

The British-Portuguese luxury fashion retailer Farfetch said it will accept crypto assets soon thanks to a partnership with the German crypto platform Lunu. Farfetch will accept seven different crypto assets including bitcoin, ethereum, and binance coin, and the feature will be rolled out to select clients and then expanded to the general public.

Farfetch will leverage Lunu’s point-of-sale infrastructure and according to the firm, the decision to accept crypto stemmed from Off-White stores in Milan, Paris, and London that have already been using Lunu’s technology. Farfetch will accept seven different crypto assets to start, and the beta testing of the feature will begin with whitelisted clientele. Later this year, Farfetch’s crypto acceptance will expand after the testing into the U.S., U.K., and Europe.

What do you think about Farfetch partnering with Lunu and accepting crypto asset payments in the coming months? Let us know what you think about this subject in the comments section below.


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