Such Fashion, Much Wow! You Can Now Buy Clothes At Pacsun With Dogecoin And These Cryptos

Such Fashion, Much Wow! You Can Now Buy Clothes At Pacsun With Dogecoin And These Cryptos

Youth-focused fashion retailer Pacsun is enabling online shoppers to buy clothes using Dogecoin DOGE/USD and other cryptocurrencies through a partnership with blockchain payment provider BitPay.

What Happened: Pacsun said it will support 11 cryptocurrencies under BitPay, including Dogecoin, Bitcoin, Ethereum, Bitcoin Cash, Wrapped Bitcoin, Litecoin, and five U.S. dollar-pegged stablecoins.

See Also: How To Buy Dogecoin (DOGE)

Pacsun said it made the decision to accept payments in cryptocurrencies in response to an increasing desire towards cryptocurrency from the Gen Z audience, the company’s primary consumer.

See Also: You Can Now Buy Bitcoin, Ethereum, Dogecoin, Other Cryptos With Apple Pay, Google Pay On Kraken

Why It Matters: BitPay’s deal with Pacsun comes just a week after the company announced a partnership with point-of-sale provider Verifone to make cryptocurrency payments a reality at major U.S. retailers.

Verifone’s list of clients includes Taco Bell owner Yum! Brands, Inc. YUM and Amazon.com Inc AMZN owned Whole Foods.

Dogecoin’s acceptance as a payment option by companies has gained momentum this year. It was reported last month, citing CryptWerk data, that the meme cryptocurrency can now be spent at 1,704 merchants.

Price Action: Dogecoin is up almost 9.5% during the past 24 hours, trading at $0.2604 at press time.

Read Next: AMC Begins Accepting Dogecoin For Digital Gift Cards

Photo: Courtesy of Phillip Pessar on Flickr

Posted In: Cryptocurrency AdoptiondogecoinCryptocurrencyNewsMarkets

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