Crypto Discount on Luxury Goods

Fancy.com, a curated luxury goods marketplace featuring over 250,000 products, has announced that, since the company doesn’t pay credit card processing or fraud protection fees on orders placed with crypto, the site is going to pass those savings on to the consumer. So anyone who pays with BTC or BCH can just type in the discount code “crypto,” and their price will be reduced by 3%. The company explains that at an average $1,000 per Fancy order, crypto customers stand to save $30 on each of their orders.

Fancy CEO, Joe Einhorn, said “Maybe we can be a part of the start of an enduring effort where all eCommerce companies adopt crypto and share the cost efficiencies with consumers.”