It’s the 21st century and cryptocurrencies have proven they’re here to stay. That’s why at W Hamond we have decided to put the necessary investments in place to ensure we can accept cryptocurrency as a payment method when ordering one of our incredible luxury watches. You can buy luxury watches with Dai (DAI) alongside Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and USD Coin (USDC).
Not only are we one of the largest online luxury watch retailers in the UK and authorised stockists of some of the world’s largest leading brands, but we are also now one of the first online jewellery and watch retailers to accept DAI and other cryptocurrencies as a payment method. You can buy luxury watches with DAI from the likes of Bremont, Grand Seiko, Bell & Ross, Oris, Junghans, Rado, Garmin, NOMOS, Hamilton and many more…
What is DAI?
DAI is a form of cryptocurrency, but one that differs greatly in comparison to others like Bitcoin and Ethereum because it is a “decentralised stablecoin”. What this means is that the value of DAI never changes: one Dai equals one US dollar and it will always remain so until the token is taken out of circulation. How it stays stable is a little complication, but in short, it is created via the Makers (MKR) stablecoin system and uses margin trading to respond to changing market conditions and preserve its value against the world major currencies. Unlike other prevalent stablecoins whose value is backed directly by USD, DAI is backed by crypto collaterals that can be viewed openly on the Ethereum blockchain.
How to Buy Watches with DAI
To buy watches with DAI, all you have to do is head over to the W Hamond website here and add all your favourite luxury watches to the basket. Then select the Coinbase Commerce option on the payment page and you’ll be redirected to the Coinbase website. Choose the type of cryptocurrency you want to pay with, whether that be DAI, Bitcoin, Ethereum, Litecoin etc, and a QR code will be displayed on screen which you can use with your mobile or desktop wallet to make payment. Once your payment has been sent, our team will get your order processed for you!
If you have any some questions on how to buy a watches with cryptocurrency, get in touch with the W Hamond team on 01947 603330 or send us a message at email@example.com.