Ralph Lauren, a well-known American fashion brand, has teamed up with BitPay to accept Bitcoin payments at its new Miami Design District location. Customers may use their preferred Bitcoin wallet to pay for clothing. Refunds will be provided in Bitcoin if used as the original form of payment.
Steps for payment:
- Ask the cashier to pay with Bitcoin at the register.
- The customer may scan a QR code or enter the required transaction details.
- Select the preferred Bitcoin wallet.
According to BitPay’s announcement, Ralph Lauren is providing customers additional opportunities to interact with the brand and shop, including accepting Bitcoin and cryptocurrencies as a form of payment.
Miami is a prime location for Bitcoin enthusiasts due to industry events and conferences as well as numerous options to use Bitcoin for daily purchases. Following a merchant trial at the Bitcoin 2022 conference, Ibex Mercado, a Bitcoin payments processing company, has onboarded 85 retailers in Miami.