Silicon Valley Jewelry Store First In The World To Accept Cryptocurrency

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  • Stephen Silver jeweler in San Francisco is the first jewelry store in the world to accept cryptocurrency 

 

  • Speaking to CBS Jared Silver of Stephen Silver said “Being that we’re here in Silicon Valley really in the cradle of innovation it provides us an opportunity to see how these technologies mature and what we’ve found was that we have a lot of customers who are reputable investors, entrepreneurs and they wanted to pay in cryptocurrencies” 

 

  • Jared Silver said 20% of his sales are via cryptocurrency, mainly Bitcoin

 

  • He stated that accepting digital currencies is cheaper and much faster than traditional payment methods such as credit cards and wire transfers.

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