The Watches World luxury watch buying and reselling platform accepts Bitcoin (BTC) and major cryptocurrencies as payment. Thanks to the integration of Utrust payment solutions, Watches World meets the expectations of cryptocurrency and watch enthusiasts.
Watchmaking has seduced enthusiasts for decades
Over the years, the complexity between blockchain technology and the world of luxury increases as the credibility of decentralized digital players continues to increase. As protocols improve, the most capitalized cryptocurrencies tend to become true stores of value. Enormous capital is thus redeployed and protected, but the quest for diversification never stops for those seeking to grow and protect their assets.
As a result, some luxury players are opening up to the crypto ecosystem in hopes of combining a centuries-old traditional industry with the best in high-tech innovation. This is the case of Watches World, for example, which now accepts crypto payments.
Watches World is a platform for buying, selling and exchanging luxury watches. Provide 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 beginning of the financial crisis of 2007-2008 marked the arrival of an exponential market in terms of capital. This allows major players in the industry to consolidate their dominance and conquer new horizons. Indeed, unlike jewelry, a handful of brands have a huge market share. Kind of like cryptocurrencies, where giants monopolize most of the capital.
Diversification of assets particularly appreciated
During the COVID crisis in 2020, the industry as a whole will see a decline of around 25% and will see the emergence of new practices. As a result, the merchants at the heart of the system are gradually being deprived of a significant part of their clientele. 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, rapid assistance and cutting-edge expertise. So, to develop this vision, the company accepts payment in Bitcoin (BTC) and all the top 100 cryptocurrencies by market capitalization, as long as they are convertible on Binance.
To provide 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 businesses to easily integrate cryptocurrency payment solutions.
Already used by many Web 3.0 companies, Utrust allows instant purchases in cryptocurrency in complete safety, while the company immediately receives the transaction amount in fiat currency, for a fee of 1% per transaction .
A necessary adaptation to deal with geopolitical, economic, health and environmental crises, as the dynamic seems destabilizing. However, analysts prefer to consider catalytic phenomena. Indeed, in troubled times, humans instinctively seek to rely on enduring values. If the passion for watchmaking has never wavered, authentic handmade watches will continue to be sold and exchanged.
Thus, a luxury watch can be considered a tangible, easily transportable and relatively liquid good that, of course, you can insure. Diversity is a never-ending quest for savvy investors. By combining the traditions of ancestral know-how with cutting-edge high-tech innovations, the purchase of a luxury watch is a real source of inspiration for investors.
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Buying luxury watches in crypto is possible
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