Fashion and cryptocurrency: how to relate these two different worlds and what happens when they overlap? Cryptocurrencies, like any other currency, can be used to purchase goods and services, with only one distinctive feature: they are digital and use cryptography to provide secure online transactions. In recent years there has been a lot of talk about Bitcoin and alternative tokens that can be used as an investment or as a means of payment. But how does it relate to fashion?
One of the connections lies in the technology behind cryptocurrencies: blockchain. The blockchain had the ability to protect the fashion industry supply chain from counterfeiting and fraud. Martine Jarlgaard, a UK-based fashion designer, has partnered with a Blockchain startup called “Origin”With the aim of making the fashion industry more transparent by using a digital token for each piece of clothing it creates. The token will provide details of the history of the garment. Customers can scan a QR code or NFC-enabled tag to access information and learn more about the product they are purchasing. Similar technology is being used by another blockchain company called BitSE that has partnered with Babyghost to track down any counterfeits that may appear in their shares. Through VeChain, consumers can verify an item and see if it is authentic or not.
In addition to combining technology and current clothing products, the fashion industry has also been largely inspired by crypto novelties. In 2018 Bitcoin made its catwalk debut during Ovadia & Sons’ New York Fashion Week presentation. Its slogan “Accepted Bitcoin – No cash” has become part of the mainstream, paving the way for more creativity. Another example of the intertwining of these two worlds includes Bitcoin veteran Melanie Shapiro creating biometric rings, called Tokens. These rings use decentralized technology to help people manage security permissions, passwords, and even credit card payments. And Omura, a crypto lifestyle brand, tech entrepreneur Leanne Luce, has launched a Ledger Nano S wearable hardware wallet – necklaces ranging from $ 80 to $ 3,500.
With all this talk of fashion and cryptocurrency, you may be wondering, how do we keep our coins safe and how can we transact and buy tokens in the first place? So, for those who have not yet found their perfect crypto wallet or are unsure of how to buy Bitcoin or other cryptocurrencies, it is highly recommended that you check out CoinPayments. This company supports over 1,940 coins and works with various popular ecommerce plugins. The coolest news about CoinPayments is that they now allow you to buy cryptocurrency with your credit or debit card through their website. So, if you are an inspiring fashionista looking to expand your wallet and earn some extra cash by trading cryptocurrencies for your fashion needs, or if you are a professional crypto expert, this platform will definitely help you make your life easier. .
