Crypto Payments Including Bitcoin and BNB Will Soon Be Adopted by Another Major Luxury-Fashion Company in Europe
- Lunu PoS by Farfetch. Seven cryptocurrencies accepted via
- Ripple Partners with Lunu
As reported by MarketWatch, the integration of cryptocurrency payments in Europe continues as Farfetch Ltd intends to introduce them to its customers through a partnership with the Lunu platform over the next few months.
Lunu PoS by Farfetch. Seven cryptocurrencies accepted via
Farfetch Marketplace intends to begin accepting seven digital currencies, including the three largest coins by market cap – Bitcoin, Ethereum and Binance Coin (BNB).
Over the next few months, these payments will be enabled for Farfetch’s private customers. Later this year, the service will become available to customers in the US, UK and Europe. More locations for crypto payments will be added later, the company promises.
The collaboration with German start-up Lunu will enable the acceptance of digital currencies in stores, which deals with crypto payments and provides a single point of sale for them. Customers only need to scan a QR code to make the payment.
As a test, crypto will first be accepted at Farfetch’s high-end stores in the capitals of some of the major EU countries—Paris, London, Milan, as well as the company-owned retail chain Brown.
Ripple Partners with Lunu
As previously reported by U.Today, the San Francisco-based Ripple fintech company also entered into a partnership agreement with Lunu.
Ripple will use its network, RippleNet, which, in conjunction with Lunu’s PoS terminals, will allow upmarket retail companies to accept digital currencies in the EU and UK.
Ripple’s Liquidity Hub will also be used here. Luna and Ripple will help businesses convert crypto payments received from their customers into fiat money.