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Gucci stores in U.S. to accept crypto payments

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Forget cash, now you can pay for your Gucci slides and bags using bitcoin

Italian luxury brand Gucci will start accepting payments in cryptocurrencies in some of its stores in the US.

Customers will be able to pay using crypto including Bitcoin, Ethereum and Litecoin.

The popular brand says it will also take payments in Shiba and Dogecoin too.

Customers paying in stores with cryptocurrencies will be sent an email with a QR code to use with a digital asset wallet.

Flagship stores will trial the new payment method but a nation wide roll-out is expected soon.

So later this month, head to Rodeo Drive in Los Angeles and New York’s Wooster Street if you wish to pay with virtual currencies.

Gucci joins Microsoft and coffee chain Starbucks in allowing customers to use crypto in all transactions, alongside the US dollar.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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