Buying luxury watches with cryptocurrency is possible

Luxury watch buying and selling platform Watches World accepts Bitcoin (BTC) and major cryptocurrencies as payment. With the integration of Utrust payment solutions, Watches World meets the expectations of cryptocurrency and watch enthusiasts.

The watch industry has fascinated enthusiasts for decades

Over the years, the complexity between blockchain technology and the world of luxury has increased as the credibility of decentralized digital players continues to increase. As protocols improve, more capitalized cryptocurrencies tend to become true stores of value. Thus vast capital is redistributed and protected, but the quest for diversification never stops for those who seek to grow and protect their assets.

As a result, some luxury players are opening up to the cryptocurrency ecosystem in hopes of combining a centuries-old traditional industry with the best of high-tech innovations. Such is the case in the world of watches, for example, which now accepts crypto payments.

World of Watches is a platform for buying, selling and exchanging luxury watches. Offer customer support at any stage of the buying or selling process to answer any questions customers may have.

Until 2019, the watch industry experienced a golden age. The onset of the financial crisis in 2007-2008 saw the arrival of an accelerated market in terms of capital. This allows the major players in the industry to consolidate their dominance and conquer new heights. In fact, unlike jewelry, a handful of brands have a huge market share. A type of cryptocurrency, in which giants monopolize most of the capital.

Asset diversification is especially appreciated

During the COVID crisis in 2020, the industry as a whole will see a decline of around 25% and new practices will emerge. As a result, the merchants at the heart of the system are gradually being deprived of a significant portion of their customers. The world of watchmaking, so traditional and unchanging, is recovering from the shock of the pandemic by adopting new ways of doing things.

Watches World aims to be a platform that evolves with the times by providing quality, fast assistance and cutting edge expertise. Therefore, to advance this vision, the company accepts payments in Bitcoin (BTC) and all top 100 cryptocurrencies by market cap, as long as they are convertible on Binance.

To offer this service, Watches World turned to Utrust payment solutions. The startup is well known in the cryptocurrency industry and was recently acquired by Elrond Network. It is a digital payment blockchain platform that allows companies to easily integrate cryptocurrency payment solutions.

Already used by many Web 3.0 companies, Utrust allows instant purchases in cryptocurrency with complete security, while the company instantly receives the transaction amount in fiat currency, for a fee of 1% per transaction.

An adaptation is necessary to deal with geopolitical, economic, health and environmental crises, where the dynamic appears to be destabilizing. However, analysts prefer to consider motivating phenomena. Indeed, in troubled times, humans instinctively seek to rely on fixed values. If the passion for watchmaking never subsides, the sale and exchange of genuine handmade watches will continue.

Thus, a luxury watch can be considered a tangible, easy to transport and relatively liquid good that you can of course insure. Diversity is a never ending endeavor for savvy investors. By combining ancestral knowledge traditions with cutting-edge high-tech innovations, buying a luxury watch is a real inspiration for investors.

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