Youth-focused vogue retailer Pacsun is enabling internet buyers to purchase garments utilizing Dogecoin (CRYPTO: DOGE) and different cryptocurrencies by a partnership with blockchain cost supplier BitPay.
What Occurred: Pacsun mentioned it would help 11 cryptocurrencies below BitPay, together with Dogecoin, Bitcoin, Ethereum, Bitcoin Money, Wrapped Bitcoin, Litecoin, and 5 U.S. dollar-pegged stablecoins.
See Additionally: How To Buy Dogecoin (DOGE)
Pacsun mentioned it made the choice to just accept funds in cryptocurrencies in response to an growing need in the direction of cryptocurrency from the Gen Z viewers, the corporate’s major shopper.
Why It Issues: BitPay’s take care of Pacsun comes only a week after the corporate introduced a partnership with point-of-sale supplier Verifone to make cryptocurrency funds a actuality at main U.S. retailers.
Dogecoin’s acceptance as a payment option by corporations has gained momentum this 12 months. It was reported final month, citing CryptWerk knowledge, that the meme cryptocurrency can now be spent at 1,704 retailers.
Value Motion: Dogecoin is up nearly 9.5% in the course of the previous 24 hours, buying and selling at $0.2604 at press time.
Learn Subsequent: AMC Begins Accepting Dogecoin For Digital Gift Cards
Photograph: Courtesy of Phillip Pessar on Flickr