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Watches World, buying luxury watches in cryptocurrencies is now possible

by Thomas

The Watches World luxury watch buying/reselling platform accepts Bitcoin (BTC) and major cryptocurrencies as payment. With the integration of the Utrust payment solution, Watches World meets the expectations of cryptocurrency and watch lovers.

 

A platform for buying and selling luxury watches

 

Watches World is a platform for buying, selling and trading luxury watches. We offer support at any stage of the buying or selling process to answer any questions the customer may have.

Indeed, the Watches World team is composed of experts in the field and the luxury watches offered on the site are all inspected in great detail to ensure their authenticity.

Finally, the company is present on four continents, with offices in 10 major cities, including Paris, Hong Kong, Miami, London and Dubai. Delivery is relatively fast, no matter where the order is placed from, thanks to this global presence.

Watches World integrates Bitcoin and major cryptocurrencies into its platform

 

Watches World aims to be a cutting-edge platform by offering quality, fast support and cutting-edge expertise.

As an extension of this vision, the company accepts payments in Bitcoin (BTC) and all top 100 cryptocurrencies, as long as they are convertible on Binance.

Overview of Bitcoin payment integration on Watches World

Overview of Bitcoin payment integration on Watches World

To offer this service, Watches World has turned to the payment solution Utrust. This startup is well known in the cryptocurrency industry and was recently acquired by Elrond Network. It is a digital payment blockchain platform, allowing businesses to easily integrate a cryptocurrency payment solution.

Already used by many Web 3.0 companies, Utrust allows for instant cryptocurrency purchases to be made securely, while the company receives the transaction amount immediately in fiat currency for a 1% fee per transaction.

To find out more about the reasons for this integration and what Watches World’s founder envisions for the future, we asked him a few questions.

 

What motivated you to integrate cryptocurrencies into your payment methods?

 

“I’ve been personally involved in cryptocurrencies since 2011 and have experienced the different payment issues. For me, it is important to be able to offer this payment method which will hopefully become a globally adopted payment method. It is the fastest and most secure way to exchange the type of items we sell. “

 

Do you plan to take your adoption of cryptocurrencies and Web 3.0 further?

 

“We have been working on a peer-to-peer exchange platform for several years which is planned for the second half of 2022. This platform integrates non-fungible token technology (NFTs) for authentication and transactions. We are also developing a fully virtual online shop in which our collection is presented. You can make your purchases directly in this 3D digital environment. Finally, we have plans to develop our own cryptocurrency in the future. And we have acquired several locations in the major metaverse (The Sandbox, Decentraland and NFT World). “

Investing in a luxury watch

 

It is worth asking what the point of investing in a luxury watch is. Apart from the aesthetic aspect and the pleasure of owning such an object, it can be a particularly interesting investment since certain models retain their value very well. Some watches can even appreciate in value over time and become a collector’s item.

A luxury watch can therefore be considered a tangible, easily transportable and relatively liquid asset. It is of course possible to insure it.

The demand for luxury watches has particularly increased during the Covid-19 pandemic. This is combined with a shortage as luxury watch manufacturers (Rolex, Patek Philippe, etc.) maintain a low level of production despite a steady increase in demand.

As a result, the buy-to-let market has grown tremendously and Watches World is posing as an innovative leader in this sector with this first step into the world of cryptocurrencies.

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