The youth clothes retailer, Pacsun, revealed in a press release that it might start accepting Bitcoin and another cryptocurrencies utilizing the fee supplier Bitpay.
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Brie Olson, the President of Pacsun, mentioned that digital gross sales have doubled within the final yr and that they wish to pave the way in which for the style business and be the primary to supply this different fee technique.
“With digital gross sales doubling since final yr, we perceive the continued significance of making an distinctive on-line procuring expertise for our prospects,” mentioned Olson.”It is unbelievable to pave the way in which for the style and retail business, being the primary to supply cryptocurrency funds by BitPay, and we anticipate many different corporations following swimsuit contemplating the benefit it brings to the checkout course of.”
The co-CEO of Pacsun, Michael Relich, mentioned that the store’s core viewers being the tech-oriented Gen Z, it is vital to satisfy their rising curiosity in cryptocurrency.
“The Gen Z viewers, our main client, may be very tech-oriented, and we dedicate numerous our efforts in direction of social media and ecommerce to align with their existence and resonate with them on a extra private stage,” mentioned Relich. “Seeing their rising need in direction of cryptocurrency, it was clear that we would have liked to regulate and supply BitPay as one other fee possibility, to additional instill their confidence in us as one in every of their go-to retailers that really listens.”
With Bitpay, Pacsun will be capable of settle for all kinds of cryptocurrencies outdoors of simply Bitcoin, together with Bitcoin Money, Ethereum, Dogecoin, Litecoin and various stablecoins. With Bitpay, crypto funds at Pacsun may also be suitable with most main wallets like Exodus, Metamask, Electrum, Ledger and well-liked alternate accounts.