From fashion to charity, Bitcoin adoption blooms

From fashion to charity, Bitcoin adoption blooms

The latest cases of introducing cryptocurrencies come from the fashion brand Pacsun and the charity organization Nicklaus Children’s Hospital Foundation.

pacsun also caught the cryptocelle

another company that activated Digital Asset Settlements is Pacsun. The large brand in the fashion and retail area has added Bitcoin and other cryptocurrencies via the leading blockchain payment provider Bitpay.

These are Ethereum (Eth), Bitcoin Cash (BCH), Wrapped Bitcoin (WBTC), Litecoin (LTC), Dogecoin (Doge) and 5 USD-bound stable coins (Gusd, USDC, USDP, DAI and BUSD). Brieane Olson - President of Pacsun - commented:

"Since digital sales have doubled since last year, we know how important it is to offer our customers an extraordinary online shopping experience."

The retail brand for clothing based in California is aimed at young people and young adults. The fact that younger generations are much more geared towards technological innovations and digital currencies makes the step of Pacsun sound very perspective according to Co-CEO Michael Relich:

"The audience of generation Z, our main consumer, is very technology-oriented, and we dedicate a large part of our efforts to social media and e-commerce to adapt to their lifestyle and to resonate at a more personal level. In view of their increasing desire for cryptocurrency, it was clear that we had to adapt Bitpay and offer as a further payment option."

donations for children in crypto

Foundation Nicklaus Children's Hospital also announced that people can now donate in digital assets.

The non -profit charity that focuses on better health care for children accepts the following cryptocurrencies for their purpose: Bitcoin, Ethereum, Bitcoin Cash, Dogecoin, Litecoin, Basic Attention Token, Amp, Chainlink, Dai, The Graph, Gemini Dollar, Stor, Uma, Zcash more.

Since the IRS classifies cryptocurrency donations as property, that is, they are not subject to capital gains tax, the foundation enabled people to support their mission in a tax -efficient manner. The President of Nicklaus Children - Michelle Boggs - commented:

"We are very happy to accept cryptocurrencies as a donation method to help the children and families that we serve every day. We hope that through this type of donation we will achieve more people who want to support the life -saving work of our hospital, and this in a fast, simple and safe transaction."

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