Ralph Lauren's new Miami store is the luxury brand's first to accept payments with Bitcoin and other cryptocurrencies. This and more news in this handy daily roundup so you're always up to date with the latest events happening in the crypto world.
Ralph Lauren integrates payments with Bitcoin
📍Ralph Lauren fashion brand users can pay with Bitcoin at the store in Miami. Ralph Lauren, one of America's most iconic luxury fashion brands, is integrating Bitcoin into its payment methods.
From its new store in Miami, located in the Miami Design District, users and consumers of the brand can pay for their favorite clothes and accessories using cryptocurrencies such as Bitcoin.
This is the first Ralph Lauren store to enable crypto payments, after announcing a strategic partnership with Web3 Poolsuite and Bitpay. In addition to Bitcoin (BTC), Ralph Lauren is also accepting payments with Ethereum (ETH) and Polygon (MATIC).
Ralph Lauren is also entering the world of NFT tokens to offer exclusivity to its customers and users. The American brand will give away non-fungible tokens to the 3.000 members of the Poolsuite community. The NFTs will serve as membership passes to a launch event and private party taking place in the city later this month.
During a interview Speaking to Women's Wear Daily (WWD), Ralph Lauren's Chief Brand and Innovation Officer David Lauren highlighted that the brand is seeing huge opportunities in digital assets and virtual goods and experiences, so with the integration of crypto payments and the launch of this series of NFTs, Ralph Lauren is taking important steps to “gather key insights as we continue to explore the (crypto) space.”
MetaMask Updates for NFTs
📍The cryptocurrency extension wallet has been updated to integrate NFTs. MetaMask developers have announced the release of a new version, v10.28, which integrates several functionalities related to NFT tokens.
One of these new features is the ability to send ERC-721 tokens. The cryptocurrency wallet developers also reported that all tokens in Ethereum’s ERC-721 and ERC-1155 standards should appear as long as the automatic NFT detection feature is enabled.
MetaMask also said it will enable the functionality of sending ERC-1155 tokens very soon.
Banks adopt blockchain for bond tokenization
📍European banks Credit Agricole CIB and SEB present a platform for tokenized bonds. In a Press release, European banks announced the launch of “so|bond”, a new blockchain-based platform designed for the issuance of digital bonds.
The new platform, which claims to be sustainable and open, will make it easier for issuers in capital markets to issue digital bonds on a blockchain network, with the aim of improving efficiency.
Credit Agricole CIB and SEB recognise the potential of blockchain technology to modernise and digitalise the banking and financial industry.
Recently, a report published by the US-based financial company Citi pointed out the growth opportunities of blockchain technology. According to Citi, the tokenization of financial assets will be one of the main use cases that will lead this technological innovation towards mass adoption in the next decade.
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Main image from Vogue Business
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