- Cryptocurrency payments are now available for all FARFETCH Marketplace customers in 37 countries
- The FARFETCH Marketplace will initially accept six cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), among others
- FARFETCH Platform Solutions will also offer cryptocurrency payment capabilities for luxury brand clients with Stadium Goods launching imminently
LONDON, U.K. October 6, 2022 – FARFETCH Limited (NYSE: FTCH), the leading global platform for the luxury fashion industry, today announced that it will offer cryptocurrency as a payment method on the FARFETCH Marketplace for customers in 37 countries.
FARFETCH will initially accept six cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), among others. Customers with an existing cryptocurrency wallet will simply need to scan the QR code displayed on the screen at checkout to make the payment using cryptocurrency.
FARFETCH Platform Solutions will also offer cryptocurrency payment capabilities for luxury brand clients with Stadium Goods launching imminently.
Additionally, FARFETCH is a signatory of the Crypto Climate Accord (CCA). The CCA, inspired by the Paris Climate Agreement, is a private sector-led initiative for the crypto community focused on decarbonizing the cryptocurrency and blockchain industry. The CCA’s objective is to decarbonize the global crypto industry by prioritising climate stewardship and supporting the crypto industry’s transition to net-zero greenhouse gas emissions by 2040. As the leading global platform for the luxury fashion industry, FARFETCH plays an important role as an enabler of change. In line with Positively FARFETCH’s 2030 goals, FARFETCH is committed to becoming climate positive by 2030, and driving further innovation in sustainability linked to or enabled by blockchain technology will be key to that.
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