It’s no longer news that cryptocurrency adoption in Australia is increasing significantly, especially since the past year. Many investors in the country have allocated a reasonable percentage of their portfolio in one or more popular cryptos like Bitcoin (BTC), Ethereum (ETH), etc.
Additionally, Crypto News Australia recently reported that the crypto and blockchain industry in Australia had a massive growth in the number of new companies over the past year. Perhaps, it’s quite easy to forecast that Australia is likely to see more adoption this year, as local companies are also starting to integrate support for digital currency payments.
This will allow crypto users in Australia to purchase items with digital currencies in addition to fiat currency.
Aussie Watchmaker Embraces Cryptocurrency
Jacopo Dondi, a young watch brand based in Australia, has integrated a payment function that will enable customers in the country and beyond, to order wristwatches using cryptocurrencies. According to the information on Monday, the company is open to accepting payments with Bitcoin, Ether, and Litecoin at the moment. Thus, customers can purchase items online using these cryptos or other traditional payment mediums.
The founders of the company noted in the report that they have been investing in cryptocurrencies recently; hence the idea to start accepting them was an easy and logical step for their business.
“We understand that many people still find the volatility of cryptocurrencies a huge risk, and they certainly can be in the short term, but there is a growing number of people that have realized that this is where the world is likely heading anyway and that over a longer period of time, they’re not as risky as they appear.”
The Aussie wristwatch brand was launched through a crowdfunding platform, Kickstarter, in 2016. Following the development today, Jacopo Dondi is probably the latest company in the country to accept payments in digital currency. As cryptocurrency continues to go mainstream and price rallying, more companies in Australia are likely to follow suit.