Farfetch: Offers Cryptocurrency Payment Option For Customers In 37 Countries

  • Cryptocurrency payments are now available to all FARFETCH Marketplace customers in 37 countries
  • The FARFETCH market will initially accept six cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), among others
  • FARFETCH Platform Solutions will also offer cryptocurrency payment capabilities for luxury brand customers with the imminent launch of Stadium Goods

LONDON, UK October 6, 2022 FARFETCH Limited (NYSE: FTCH), the leading global platform for the luxury fashion industry, today announced that it will offer cryptocurrency as a payment method on the FARFETCH Marketplace for customers of 37 country.

FARFETCH will initially accept six cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), among others. Customers with an existing cryptocurrency wallet will simply need to scan the QR code displayed on the screen during checkout to complete the payment using cryptocurrency.

FARFETCH Platform Solutions will also offer cryptocurrency payment capabilities for luxury brand customers with the imminent launch of Stadium Goods.

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Additionally, FARFETCH is a signatory to the Crypto Climate Accord (CCA). The CCA, inspired by the Paris Climate Accord, is a private sector-led initiative for the crypto community focused on decarbonizing the cryptocurrency and blockchain industry. CCA’s goal is to decarbonize the global crypto industry by prioritizing climate management and supporting the crypto industry’s transition to net greenhouse gas emissions by 2040 As the leading global platform for the luxury fashion industry, FARFETCH plays an important role as a currency facilitator. In line with Positively FARFETCH’s 2030 goals, FARFETCH is committed to becoming climate positive by 2030, and the pursuit of sustainability innovation linked to or enabled by blockchain technology will be key to this goal.

Edward Sabbagh, Market Director, FARFETCH, said:

“Innovation is at the heart of our business and we continually seek to implement new technologies that provide an enhanced shopping experience for our customers. We are excited to offer cryptocurrency as a payment option for customers purchasing from the FARFETCH Marketplace. Customers are more and more interested. in new payment methods and cryptocurrency is becoming increasingly important to luxury customers.”

Ends

Note to editors:

TripleA processes cryptocurrency payments on behalf of FARFETCH, supporting Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC) and more.

About Farfetch

Farfetch Limited is the leading global platform for the luxury fashion industry. Founded in 2007 by José Neves for the love of fashion and launched in 2008, Farfetch began as an e-commerce marketplace for luxury boutiques around the world. Today, Farfetch Marketplace connects customers in over 190 countries and territories with items from over 50 countries and over 1,400 of the world’s best brands, boutiques and department stores, delivering a truly unique and unique shopping experience. access to the widest selection of luxury products on a single platform. Farfetch’s additional businesses include Browns and Stadium Goods, which provide luxury goods to consumers, and New Guards Group, a platform for the development of global fashion brands. Farfetch brings its wide range of consumer-facing channels and enterprise-grade solutions to the luxury industry as part of its Luxury New Retail initiative. The Luxury New Retail initiative also includes Farfetch Platform Solutions, which provides enterprise customers with e-commerce and technology capabilities, and Future Retail, which develops innovations such as our Connected Retail solutions.

For more information, please visitwww.farfetchinvestors.com.

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Farfetch: Offers Cryptocurrency Payment Option For Customers In 37 Countries


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