Rapaport News




Advanced search
Latest Articles
Rough Markets
Polished Markets

Birks to Accept Payment in Bitcoin

Jeweler claims to be Canada’s first luxury retailer to embrace the cryptocurrency.
Nov 28, 2018 7:48 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share

 Customers will soon be able to pay in Bitcoin at eight Birks Group stores in Canada, the retailer said.

The jeweler claims to be the first luxury retailer in Canada to accept the cryptocurrency. The service will be available at the end of November in select locations, including its recently opened Graff Diamonds and Patek Philippe boutiques in Vancouver, the company noted Tuesday.

The move will enable customers to make large transactions more securely, quickly and easily, Birks explained. The jeweler has partnered with cryptocurrency provider BitPay to implement the project.

“Birks Group has a large number of international shoppers, so allowing them to pay in Bitcoin makes perfect sense,” said Sonny Singh, BitPay’s chief commercial officer. “Accepting Bitcoin helps Birks Group to cater to their high-end international clients and get new customers, while providing an innovative and safe payment option.”

Bitcoin has dropped 37% to $3,992 since July 1, according to CoinDesk.

Image: Maison Birks store, Toronto, Canada. (Bargainmoose)
Tags: birks, birks group, bitcoin, BitPay, cryptocurrency, Graff Diamonds, patek philippe, Rapaport News
Similar Articles
BorsheimsBorsheims Creates Customer-Focused VP Role
Sep 15, 2019
Borsheims has promoted Adrienne Fay to vice president, putting her...
Signet Names New UK Managing Director
Signet Scaling Back China Buying
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First

Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
twitter twitter
About Rapaport
Advertise with us