World’s third-largest department store to enter the crypto market
El Corte Inglés, the world’s third-largest department store and Spain’s largest, is the latest well-known shop to enter the crypto market.
According to the Spanish publication El Confidencial, the corporation is preparing to start its own cryptocurrency exchange and has enlisted the expertise of Deloitte to develop a platform.
While bitcoin is still in its infancy, the Spanish retailer would be joining a growing but diverse list of corporations who are playing in it, including Overstock.com, Starbucks, and AT&T. Meanwhile, Sotheby’s began taking bitcoin and Ethereum for their auctions last year, including the sale of a 100-carat diamond.
Companies claim that by taking cryptocurrency, they are reaching clients where they are.
It not only helps raise consumer spending but also attracts new, younger shoppers, which department stores desperately need.
Source
https://t.me/top_crypto_nft
