Despite Bitcoin’s volatility, these companies say it’s the way to go

Danny Govberg, CEO of WatchBox, which claims to be the world’s leading e-commerce platform for pre-owned luxury watches, says that when it comes to cryptocurrency, “I just have a hunch that it’s not going away.” WatchBox has accepted Bitcoin payments since 2014. 

“If I’m wrong, okay, so I got educated in an entire structure of cryptocurrency and blockchain,” says Govberg. “If I’m right, then I got educated early on, and was able to adopt it early on.”

For luxury-good companies, Bitcoin transactions are a tool in the toolbox for easing expensive international sales. “When they [international customers] wire us the money and our bank has to convert the money into different currencies, it’s not easy,” Govberg says. “If somebody in the future is in Germany and they want to pay in Bitcoin, they’ll be able to transact that business within a matter of seconds. It’ll come with the blockchain warranty and our bill of sale, everything that customer’s looking for.” 

Sourced through Scoop.it from: mashable.com

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