Philipp Plein crowns himself “Crypto King”: Recently, his fashion can be paid for with Bitcoin and Co. The fashion label’s crypto adoption has one flaw, however.
You have to leave one thing to Philipp Plein: The man knows how to apply thick layers. On August 3, the fashion designer announced the good news to his Instagram followers: His shop now accepts BTC and 14 other crypto currencies. Plein not only came out as a crypto fan, but was crowned “Crypto King” without further ado.
TODAY AT 8 p.m. we start accepting 15 different cryptocurrencies online at PLEIN.com and also in our stores – the future is now – Crypto King Plein is aiming for 100 million euros in sales this year – only online. I am a crypto investor and I believe in the future of crypto – that’s why I decided to offer this payment method in my stores and online! […]
Philipp Plein via Instagram
There are also subtle hints of the new payment option on the homepage.
In addition to Bitcoin (BTC), the following cryptocurrencies can now be used at Philipp Plein:
- Bitcoin Cash (BCH)
- BNB Mainnet (BNB)
- Bitcoin SV (BSV)
- Dogecoin (DOGE)
- Ethereum (ETH)
- Litecoin (LTC)
- Nano (NANO)
- OmiseGo (OMG)
- Paxos Standard Token (PAX)
- Qtum (QTUM)
- Tron (TRX)
- TrueUSD (TUSD)
- USD coin (USDC)
- Tether ERC-20 (USDT)
Prices are now also displayed in Bitcoin in the shop.
Philipp Plein: Crypto King with a weakness for Fiat
The crypto offensive by Philipp Plein is meanwhile not entirely without deductions in the ₿ note. At least crypto purists are likely to rub against the fact that Plein uses Coinify, a payment processor that converts the purchase amounts into fiat.
With Coinify payment solutions, you can accept virtual currencies without having to hold virtual currencies yourself, while also receiving payouts in your preferred local currencies.
advertises the service provider on its homepage.
In other words: The “Crypto King” only receives euros. In addition, for purchase amounts over 10,000 euros, a certificate of origin for the cryptocurrency used must be provided. With prices above 1,000 euros for a bathrobe, this brand is not that difficult to achieve.
Of course: Despite these supposed blemishes, every new dealer is an asset to the crypto ecosystem. Here you can find out how the acceptance of Bitcoin as a means of payment in this country is from a legal point of view.