Jacob & Co. is the first luxury watch and jewelry brand to accept cryptocurrency
The luxury brand is partnering with cryptocurrency exchange CEX.IO to support payments using Bitcoin, Ethereum and other verifiable digital currencies. Jacob & Co. ASTRONOMIA SOLAR BITCOIN AS310.21.AB.AA.A
Jacob & Co. is the first luxury watch and jewelry brand to accept cryptocurrency payments. It has partnered with cryptocurrency exchange CEX.IO for Jacob & Co.’s bold and innovative products such as Astronomia and Twin Turbo Furious timepieces and fine jewelry featuring extraordinary gems and craftsmanship.
Benjamin Arabov, CEO of Jacob & Co., said that being the first in the field is nothing new for Jacob & Co. For 35 years, the luxury brand has been a disruptive force in the jewelry and watch industry, creating ground-breaking watches and having a significant impact on style and fashion on a global scale.
“Jacob & Co is known to be adept at harnessing new technology to create unprecedented timepieces and jewelry. Crypto adoption is inevitable, and the technology behind it cannot be ignored. We believe now is the right time to support innovative technologies that will soon be available in It’s being used in many different fields around the world,” Arabov said. discount fake watches
CEX.IO – with offices in the UK, US, Gibraltar, Cyprus and Ukraine – works with several brands to enable cryptocurrency payments, including media platforms and consumer goods companies. Arabov said he chose CEX.IO because of its reputation in this new currency market. “CEX.IO is a trusted, internationally renowned cryptocurrency exchange on track to process over $14 billion in crypto transactions in 2021. We chose CEX.IO because of their strong reputation and credibility in the field.”
According to Konstantin Anissimov, Executive Director of CEX.IO, Jacob & Co. is the perfect brand to enter this new world of finance.
“Jacob & Co. is undoubtedly a premium brand with a passion for creativity and finding solutions previously thought impossible. It combines superb craftsmanship, constant innovation and bold design choices. This approach is evident at CEX. IO is very close to our hearts. We work in technology that leaves little room for error. At the same time, we innovate in the very exciting world of finance, which requires out-of-the-box thinking,”
In the 11 years since the first cryptocurrency, Bitcoin, began trading, the value of cryptocurrencies has soared. The cryptocurrency market cap surpassed $2 trillion in April, doubling since February. Anissimov said the new currency is not only here to stay, but is expanding into consumer retail. “There is a large and growing community who use cryptocurrencies and even earn their primary income in cryptocurrencies. This provides a huge audience for e-commerce companies. Crypto is and will expand more into consumer retail. It’s logical. Accepting cryptocurrencies as a payment method will help expand retailers’ market share and facilitate the transformation of e-commerce as a whole.”
In fact, Anisimov said, it has similarities to credit cards in terms of public acceptance.
For Arabov, he sees this new financial frontier as another way to connect closely with fake Jacob & Co.‘s clients, many of whom are cryptocurrency users.