ApeCoin (APE), a cryptocurrency created by Yuga Labs and adopted as the native token of Bored Ape Yacht Club (BAYC), was the topic of much discussion in the first quarter of 2022.
The BAYC has consistently ranked among the top non-fungible token (NFT) collections with a thriving community since the ApeCoin DAO was established in April 2021.
Recently, Gucci announced that some of its US stores would accept ApeCoin as payment. The Italian high-end luxury apparel house's boutiques in the US will accept APE for in-store transactions using BitPay, a Bitcoin (BTC) and cryptocurrency payment service provider.
In a tweet a few days ago, Gucci wrote, "Now accepting @ApeCoin payments via @BitPay, select Gucci boutiques in the USA expand the range of cryptocurrencies available for in-store purchases, yet another step in the House's exploration of Web3."
Now accepting @ApeCoin payments via @BitPay, select Gucci boutiques in the USA expand the range ofcryptocurrencies available for in-store...
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