The cryptocurrency sector is maturing as the prices have remained relatively steady throughout the second quarter of the year. Though the bear market has disappointed traders, merchants are now quickly moving ahead to offer crypto payments at their establishments. The newest addition in this list is the fine jewelry maker Marks Jewelers, which will be accepting payments in digital currencies. The jeweler is partnering with e-commerce platform Shopping Cart Elite.
Cryptocurrency Support for Fine Jewelry
Marks Jewelers will be accepting Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (Bitcoin Gold), Bitcoin Diamond (BCD), Ethereum (ETH), Dash, Litecoin (LTC), and Zcoin (XZC). The jeweler’s partnership with Shopping Cart Elite will make the crypto support for buying jewelry possible. Timepieces, jewelry, wedding rings, fine diamonds and engagement rings available at the jeweler can now be bought with this wide selection of digital coins.
Joshua Rubin, director of marketing for Marks Jewelers, said that they are very excited to accept digital currency payments from their customers worldwide. He added:
“This will allow us to make our fine jewelry available to the global market while paying lower fees and avoiding chargebacks. Marks has long been known for our meticulous craftsmanship and curated selection, and we are thrilled to open our store to the world.”
Why Opt for Digital Coins?
Cryptocurrencies provide a cost-effective and fully decentralized way of paying for jewelry purchases. Additionally, it offers convenience to the global clientele of the jewelers who may want a better way to pay for their purchases instead of using credit cards. Digital coins provide the functionality of fiat coins and the security and efficiency of distributed ledgers to users.
Lightning fast transactions on an immutable ledger could help in transforming the world of jewelry buying. One of the many reasons why merchants are now accepting these transactions is because they offer lower transaction fees, helping both customers and merchants reduce their cost and payment liabilities. There is a lesser need for chargebacks, currency conversion fees, etc., which further enhances the efficiency of digital currency payments.