Luxury brand SFLMaven Corp adopts Bitcoin payments
The luxury goods designer and manufacturer, SFLMaven Corp, has officially announced that it will accept Bitcoin payments for purchases of high-end vintage jewelry items both in the real and virtual world (within the Metaverse).
SFLMaven Corp starts accepting Bitcoin
In a recent announcement, SFLMavel Corp revealed that it is beginning to accept Bitcoin as a mode of payment. The firm has also started diversifying its cash and cash equivalents holdings with the aim to include scaling exposure to Bitcoin in its formal assets holdings.The CEO of the luxury brand, Joseph Ladin, commented on the massive potential of the digital payment systems and stated:
“We believe in the future of Bitcoin and digital payment systems and that fiat currency systems represent a risk to the productivity of assets on the balance sheet because they are subject to monetary expansion, stimulus, and debt, which could continue to drag down value.”According to management, due to increased demand, boosted web traffic at its online store, and record participation in SFLMaven vintage jewelry auctions, the company expects to generate unprecedented cash flows from operations in 2022.
Entry in Metaverse
The company has already started implementing its metaverse strategy, which is expected to boost sales in 2022, underlining the need for alternative payment systems and a more diverse approach to keeping and recording financial assets. It recently held another meeting in the virtual world.Addressing to its native token SFLM holders community, the company emphasized the importance of Metaverse. It believes that “the businesses that are not considering it or not getting involved will be left behind.” It compared the importance of metaverse presence with owning a website for businesses in the coming days.
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