- 21 July 2017
- Transport / Logistics Services
Handmade cosmetics online and high street outlet Lush has announced it will now accept Bitcoin for goods purchased online at uk.lush.com.
Lush went live with the digital currency on the 11th of July.
The cosmetics company has published an article on its website that says the move will “allow payment in a decentralised currency that is unaffected by the global foreign exchange fluctuations, meaning that customers from all over the world all pay the same for a product”.
The Lush notice continued, “Bitcoin allows more transparent and secure transactions with no hefty charges, exchange rates or fees. What’s more Bitcoin is not limited by borders or barriers to financial movement. The decision is the first step in a wider strategy to delve into the Blockchain community and provide an ethical viewpoint on its possibilities.”
Lush Finance Manager Mike West commented: “Accepting Bitcoin is very exciting for Lush. With Bitcoin, customers from all around the world will pay the same for our products, free from volatile currency fluctuations and lofty bank charges. Cryptocurrencies are the future of global trade and we want to ensure that we are prepared to move into this new digital era.”
In order to operate the Bitcoin payments, Lush will be working San Francisco-based BitPay, who will be the third party provider for the payment service.
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