Major fashion brand Gucci has announced that it will accept payments in crypto

The company announced the decision last week. Gucci’s decision to accept payments from the five-month cryptocurrency ApCoin has raised expectations of giving this NFT exposure to the crypto market.

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According to media reports, fashion brand Gucci has started accepting payments from ApeCoin (APE), an NFT associated with Board App Yacht Club. The company is said to have announced the decision last week. Gucci’s decision to accept payments from the five-month cryptocurrency ApCoin has raised expectations of giving this NFT exposure to the crypto market.

The world’s leading fashion brand Gucci has decided to accept payments in the form of cryptocurrency at a time when the cryptocurrency market is going through a recession. All major cryptocurrencies such as Bitcoin, Ethereum and Dogecoin have seen major declines in recent months.

On Friday, Ethereum was up four percent, while Bitcoin was up two percent. The Polkadot cryptocurrency is up five percent. BNB, Avalanche and Shibu Inu Crypto fell slightly The cryptocurrency market has been able to maintain its gains over the past 24 hours due to increased volume Bitcoin is trading above USD 24,000 on Tuesday.

The boom seen in Bitcoin proves that people are investing in crypto despite the risks Let us tell you that for the last four days there has been a surge in the crypto market. The rally seen in the market is a proof that crypto investors are assuming that the speculation of a slowdown in the market will end soon and inflation will be under control.

On Friday, Ethereum was up four percent, while Bitcoin was up two percent. The Polkadot cryptocurrency is up five percent. BNB, Avalanche and Shibu Inu Crypto fell slightly The overall market cap of the cryptocurrency market increased by 2% to $1.13 trillion in the last 24 hours. During this period, the total trading volume in the market also increased by 80 percent to reach $76.14 billion.

What’s going on in India’s crypto market?

Global crypto exchange Binance has said it has suspended off-chain fund transfer services with India’s domestic crypto exchange Vajirox. Binance’s operation has raised questions about the transaction amid the ongoing money laundering case against Wajirox by Indian investigative agency Enforcement Directorate. Let us tell you that the ED has said that it has recently taken action against a director of Janmai Labs, the company of Vazirox, and has frozen his bank account containing Rs 64.67 crore.