As per the recent announcement by Cision, American Wholesaler, H&M has made it sure that people can buy H&M’s vast collection. The announcement happened as a result of a partnership with crypto e-commerce platform Chimpion. Accepted cryptocurrencies included a lot of top 10 coins excluding a few coins.
Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], Litecoin [LTC]. Dash, Zcoin [XZC] and other coins are the once that are being accepted by the company for now.
Founder & CEO, Herb Needham stated:
“After more than 20 years in the business, we consider ourselves experts in specialty lighting, Accepting cryptocurrency payments allows us to share that expertise with even more clients by removing many of the barriers that made it difficult to sell internationally before. What sold us was the settlement system, which allows us to convert crypto payments to a USD equivalent right away.”
The use of cryptocurrencies in a commercial and domestic setting is not unseen or unheard of. Litecoin was among the first cryptocurrencies to step into the Octagon [MMA] where the LTC logo was on the canvas of a certain match.
Other coins like FuturoCoin became the first coin to sponsor Formula one and gain a global audience to the world of cryptocurrencies. Moreover, using cryptocurrencies for transactions reduces the hassle of converting the currencies and also a massive reduction of fees.
H&M Distributors, Inc. was started in 1997 by Herb Needham and distributed Shatter-Resistant Fluorescent light bulbs from a patent developed and designed by Herb Needham and was later sold to GE Lighting as the Cov-R-Guard Fluorescent.
Chimpion is a cryptocurrency e-commerce platform that enables any merchant to begin accepting cryptocurrency payments online. Furthermore, Chimpion was developed using technology from Shopping Cart Elite, Paytomat, and Bitcoin Diamond [BCD] and combines comprehensive e-commerce features with convenient payment processing.
@cryptomedics tweeted saying:
“American wholesaler, H&M distributors, Inc. will accept cryptocurrencies.
The coins are: BTC, ETH, LTC, BCH, XZC, BCD. Well, now your girlfriends can go shopping with your crypto stacks! :)”