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Gucci a high-end Italian fashion giant, has become the first major brand to accept ApeCoin (APE) payments.

"We added ApeCoin and Euro Coin because customers of our luxury merchant partners asked for it. They asked, and we delivered," BitPay's CEO says.

ApeCoin (APE/USD) is both governances as well as utility token across the ApeCoin ecosystem. Some of its use-cases include enabling holders to participate in the governance of the Decentralized Autonomous Organization (DAO) as well as enabling them access to specific features, games, events, merchandise, and other non-fungible token (NFT) related releases or events.

The Apecoin price analysis reveals the coin price has increased today despite the overall bear market. The APE/USD has been marking higher highs since 18 July 2022, consolidating for a little more than a week in between before making another jump.

A little mystery surrounding the Maison's announcement, which was resolved in a very short time

In a tweet on Thursday, Italian high-end luxury fashion house Gucci announced that it is now accepting ApeCoin (APE). ApeCoin will be available for in-store purchases at select US boutiques.

Italian fashion brand Gucci has announced that it has started accepting ApeCoin (APE) as one of the payment options for individuals who wish to buy its products

Gucci has ramped up its Web3 initiatives by allowing crypto nerds to purchase its products with ApeCoin in its stores, adding to a list of 12 other digital assets it accepts for payment.

On August 2, the Atlanta-based crypto payment services provider Bitpay announced that it has expanded its crypto asset support with two different crypto assets.

After adopting Bitcoin and Ethereum, and making NFT and metaverse plays, Gucci is apeing in.

A mega-wealthy non-exchange Ethereum (ETH) wallet is on a crypto shopping spree as the markets move cautiously into positive territory. According to the data aggregator WhaleStats, the cryptocurrency wallet with the handle Bonobo has been splurging to the tune of more than $14 million in recent days. The whale first spent over $1.

High-end luxury fashion brand Gucci announced on Tuesday on Twitter it now accepts payments in ApeCoin (CRYPTO: APE) and will be available for in-store purchases in select stores in the U.S. Now accepting @ApeCoin payments via @BitPay, select Gucci boutiques in the USA expand the range ofcryptocurrencies available for in-store purchases, yet another step in the House's exploration of Web3. — gucci (@gucci) August 2, 2022 Early in May, the Florence-based fashion behemoth, owned by Kering ADR (OTC: PPRUY), began taking cryptocurrency payments in a bid to attract more cryptocurrency-friendly clients in the wake of the 2021 bull market.

Gucci is the first brand to accept ApeCoin as Payment Option in its U.S.

Gucci has added ApeCoin to its list of accepted cryptocurrencies in select stores around the U.S.

The move is the latest in a series of crypto initiatives from Gucci, which has a team dedicated to web3 initiatives and gaming. The post Gucci now accepts ApeCoin through BitPay appeared first on The Block.

After adding Shiba Inu and Dogecoin to the list of available payment options, Gucci has now started accepting ApeCoin

BitPay, the world's biggest provider of crypto payment services, will be supporting two new cryptocurrencies, ApeCoin and Euro Coin, a press release said. Consumers will now be able to buy, store, swap and spend the coins within the BitPay Wallet app.

Most of the altcoins traded in red today, while some cryptocurrencies tried to counter the crypto market's bearish trend.

We may be in a bear market, but that does not mean investors don't have their eyes peeled for profitable investments. Those that have been looking have their sights set on a handful of coins in the ecosystem, including Degrain (DGRN), Apecoin (APE), and Tron (TRX).

Apecoin's price is approaching a significant level of $8.5, which will see it trade at a price level it has not traded in over two months.

Apecoin was trading close to a two-month high on Monday, despite crypto prices mainly being in the red to start the week. Global crypto markets are currently down around 2% as of writing. Despite this, filecoin continued its own surge, with prices of the token up nearly 70% in the last seven days.

ApeCoin is outperforming and eyeing a push higher to the next target as Ethereum and Aave struggle at resistance.

Ethereum whale ranked 4th on WhaleStats, “Bonobo” has purchased 80k FTX Token (FTT) and 2.05 million Polygon (MATIC) tokens in the last 24 hours. FTX Token, MATIC, and ApeCoin (APE) are the most purchased and traded tokens by the 500 biggest ETH whales in the last 24 hours.

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