Swiss luxury watchmaker accepts global cryptocurrency payments
The company claims it is the first watchmaker to allow bitcoin and Bitcoin Cash payments globally.
Swiss watchmaker Manufacture Contemporaine du Temps (MCT) launched online sales this week, offering customers worldwide the freedom to purchase timepieces either via wire transfer or using cryptocurrencies.
The European company designs and assembles around 100-150 timepieces each year. All are limited edition and high-end, previously only available in boutique stores in over 40 countries, according to the luxury brand.
“Now MCT can receive payments in any amount, from anywhere in the world, from any computer or mobile device opening up new markets and opportunities,” MCT Watches said in a release published on its website.
MCT Watches comprise sophisticated mechanisms with over 600 components. Prices range from approximately US$49,500 to US$200,000. The company is offering free global shipment deliveries on all purchases.
The watchmaker is a member of the Crypto Valley Association, an independent, government-supported organization established to utilize Swiss tech policies to build a blockchain and cryptographic ecosystem. The association supports and connects startups and established enterprises through policy recommendations, projects, initiating and enabling research, and organizing conferences, hackathons, and other industry events.
The cryptocurrency craze has caught fire in the last few months, encouraging commercial adoption.
American internet retailer Overstock has revealed the prototype for its tZERO trading platform, designed to support its forthcoming security token that is currently being sold through an initial coin offering (ICO).
Property startup Slice is offering investors access to a share of $2 million in equity capital that will be used to construct a real estate development to be located in Chelsea, Manhattan, New York. However, there’s a big difference between this and other commercial capital raising strategies… investors are buying cryptocurrency.
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Picture: Manufacture Contemporaine du Temps (MCT)