The renowned luxury watches and jewelry brand Watches world forays into the ever-growing world of blockchain and cryptocurrency. Per reports, the firm will now allow customers to pay in crypto for their online stores worldwide. The decision came as a significant step initiated by the company to adopt crypto. As the popularity of web3 increases, more businesses realize the power of this emerging technology.
Watches World ventures to crypto
Watches World ventures into blockchain and crypto by implementing a high-end protection strategy. The company has successfully established a platform that helps people easily buy and sell watches. With the changing demands of the industry, new upgrades seem necessary to ensure customers can get better experiences. According to the CEO, the new initiative will enable the company to achieve new feats.
Looking at the rising rates of hacking and cyberattack incidences in the crypto, the company uses UTRUST, a payment protection solution. It will enable customers to buy or sell watches and jewelry through digital currency without any security breach issues. With over 8 physical showrooms spread across 4 continents and a broad online market, the watch giants aim to establish transparency and trust with the customers through blockchain technology.
Watches world revolutionizing the market
The initiative of Watches World heralded a new revolution in the space of luxury watches and jewelry. Besides generating hype in different industries, crypto now sets its foothold in the watch market. The use of advanced technology will guarantee customers a fixed price for the time they purchase, which is often an issue in a centralized system whereby third-party vendors are involved.
Crypto payments ensure a better connection between producers and end users. Alongside accepting payments in 100 different cryptocurrencies, the form even prepares to further explore the arena of web3 and employ technical revolution as part of its service offering.
The CEO and founder of the firm stated that crypto adoption in their business will further open new avenues for them to dive into NFTs and blockchain technology.
