It’s no surprise to anybody, that after the continuing rise in value of cryptocurrencies, more and more people are looking into how to spend them. At W Hamond, we are incredibly proud to be one of the first online watch and jewellery retailers to offer crypto payments meaning those of you with Bitcoin, Ethereum, Litecoin and XRP to spare, can finally treat yourselves to that luxury watch or piece of jewellery you’ve always had your eyes on.
What is Crypto?
For those still new to the world of cryptocurrency, cryptocurrencies are digital assets that you can buy, sell, spend and trade on exchanges and they leverage something called “blockchain” technology to ensure decentralization, transparency, and immutability. One of the biggest benefits to investing into cryptocurrency is that it is not controlled by any central authority (like a bank) and transfers to and from parties can be done with minimal processing fees.
Bitcoin is one of the largest known examples of cryptocurrency with Ethereum, Litecoin, Ripple and XRP following shortly behind. Each type of cryptocurrency is brought and sold though a digital marketplace, often called an “exchange” which acts as an intermediary between buyers and sellers of the cryptocurrency. The best known crypto exchange marketplace is Coinbase.
How to Spend Crypto
You can spend Crypto in a whole variety of ways. You can send it to friends and family, connect it to a debit card to spend it in store or spend it online using your Coinbase account. At W Hamond, we now accept cryptocurrency on all our luxury watches and jewellery. All you have to do is add your dream timepiece to the basket and head to checkout. From there, 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 and a QR code will be displayed on screen which you can use with your mobile or desktop wallet to make payment.
If you have any some questions on how to buy a luxury watch and jewellery with cryptocurrency, get in touch with the W Hamond team on 01947 603330 or send us a message at email@example.com.