German Luxury Brand Philipp Plein starts to accept Bitcoin, Dogecoin, Ethereum and Other Cryptocurrencies from now. And also Philipp Plein claimed that he is personally holding crypto assets.
Crypto assets are many times criticized because of high volatility but still there are many companies/firms/celebrities who are much eager toward crypto assets because they are looking at the positive end of Crypto space instead of looking at the negative side.
German based luxury fashion house Philipp Plein, they are also known for their flamboyant and garish level style. They are now ready to begin to accept digital assets in an apparent attempt to lure in the crypto nouveau riche following the huge trend in crypto space.
Those people who want to spend their crypto assets on $6,500 sneakers may have a better opportunity to do so. Because they accept Bitcoin(BTC), Ethereum(ETH), Dogecoin (DOGE), Litecoin(LTC) and Tether (USDT) are the supported crypto assets.
Philip Plien is able to serve their service in crypto payments because of the partnership with Coinfy.
Coinfy is a crypto Payment firm which was recently acquired by the crypto broker Voyager Digital company with the $84 million deal.
Philip Plien restricted their users to buy their services with KYC verification. But this KYC verification is mandatory for those customers which will do transactions more than 10,000 Euros.