This article is written in partnership with Watches World (find out more)
A platform for the purchase and resale of luxury watches
Watches World is a platform allowing to buy, sell and exchange luxury watches. Support is offered to the customer at any stage of the buying or selling process, to answer any questions the customer may have.
In effect, the Watches World team is made up of experts in the matter and the luxury watches offered on the site are all inspected in the smallest details, in order to ensure their authenticity.
Finally, the company is present on 4 continents since it has premises in 10 major cities, including Paris, Hong Kong, Miami, London and Dubai. The delivery is relatively fast, no matter where you go.where the order is placed thanks to this global presence.
Watches World integrates Bitcoin and major cryptocurrencies into its platform
Watches World wants to be a platform in tune with the times by offering quality, fast assistance and cutting-edge expertise.
It is thus, to extend this vision, that the company accepts bitcoin payments (BTC) and all cryptocurrencies of the top 100 of the largest capitalizationsas long as they are convertible on Binance.
Overview of Bitcoin payment integration on Watches World
To offer this service, Watches World 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 companies to easily integrate a cryptocurrency payment solution.
Already used by many Web 3.0 companies, Utrust allows you to make instant purchases in cryptocurrenciesand this in complete safety, while the company immediately receives the amount of the transaction in fiat currency, with a 1% fee per transaction.
To find out more about the reasons for this integration and what the founder of Watches World imagines for the future, we asked him a few questions.
What motivated you to integrate cryptocurrencies into your means of payment?
“I have been personally involved in cryptocurrencies since 2011 and have experienced the various payment issues. For me, it is important to be able to offer this payment method which will hopefully become a globally adopted means of payment. It’s the fastest and most secure way of exchange for the type of items we sell. »
Do you plan to go further in your adoption of cryptocurrencies and Web 3.0?
“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 an online store, completely virtual, in which our collection is presented. You can make your purchases directly in this 3D digital environment. Finally, we plan to develop our own cryptocurrency eventually. And we have acquired several locations in the main metaverses (The Sandbox, Decentraland and NFT World). »
Invest in a luxury watch
It is worth asking what is the point of investing in a luxury watch? In addition to 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 over time and become a collector’s item.
A luxury watch can therefore be considered as 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 rise in demand.
As a result, the purchase-resale market has grown enormously and Watches World is positioning itself as an innovative leader in this sector with this first step into the world of cryptocurrencies.
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