Luxury brands eye crypto payments as bitcoin soars [USA TODAY]
KERING SA UNSP/ADR (PPRUY)
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Source: USA TODAY
Best credit cards for shopping The payment option remains largely symbolic. Retailers usually reconvert the funds to euros or dollars to offset risks of volatility, while for most shoppers, payment methods are seen overall as “something that's been solved” already by such transaction platforms as PayPal PYPL.O or Venmo, said O'Neill. But for bitcoin investors who have seen a strong rise in the value of their investment, luxury goods — a designer handbag or high-end watch — are an obvious choice for diversifying one's portfolio, analysts say. In a sign of growing interest from designer labels, Balenciaga recently issued a leather card holder designed to hold “Stax” hardware from crypto wallet company Ledger. The black leather accessory, which retails for 350 euros ($368), includes a keychain and Eiffel Tower charm and an NFC chip fitted underneath the brand logo. Ledger's Stax Crypto hardware, its recently developed higher-end hardware with a curved touch screen, sells for $399
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