How Bitcoin is making waves in the luxury market - News Summed Up

How Bitcoin is making waves in the luxury market


Microsoft and Paypal are among the more established companies now accepting Bitcoin, alongside all kinds of businesses across the world -- including pubs, plumbers and tattoo parlors. One market that could prove something of a game-changer is the ever-investing art world, where art-for-Bitcoin is being pioneered by London gallery owner Eleesa Dadiani, of the eponymous Dadiani Gallery. For Dadiani, the realities of selling work in Bitcoin are nearly as simple as accepting traditional tender. Hileman goes a step further and suggests that the art world is the perfect industry for a cryptocurrency to survive. Dadiani says she doesn't know of any other gallery owners currently accepting cryptocurrencies, but she believes other luxury businesses are interested.


Source: CNN August 28, 2017 04:41 UTC



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