On February 18, 2018, LeatherUp.com made an announcement that it will start accepting diverse Cryptocurrencies in 2018. This will see the Online Leather Store join the list of companies that are now accepting cryptocurrency for products payment. Its customers will now be able to purchase leather accessories from the company using digital currency including Bitcoin, Ethereum, Litecoin and Sky Coin.
According to a spokesperson from LeatherUp.com, the company is working towards integrating their web system with Sky Coin as they feel it is the next generation Blockchain technology and the future of e-commerce. Sky Coin is more powerful compared to older Cryptocurrencies. It has its own Sky Ledger and offers faster transactions and can therefore provide a better and improved trade system. Unlike Bitcoin transactions which can take between 15 min to 2 hours depending on network traffic, Sky Coin transactions are virtually instant. By adopting cryptocurrency payments, the company will enable direct, safe and secure transactions with partners and customers which will greatly reduce fraud in online transfers.
LeatherUp.com also has plans to accept several other digital currencies such as World Coin Network (WCN) an emerging cryptocurrency that is based in the Middle East. According to LeatherUp.com, some of their highest conversion rates come from the Middle East. As such, by partnering with World Coin Network which is currently in the Pre-ICO stage, they will be able to facilitate more trade and grow their sales in the region. Their customers from the Middle East will now be able to use WCN tokens to purchase required items
Based in the US, LeatherUp.com is a leading importer of leather goods. The company is committed to providing high-quality leather goods to clients at surprisingly very low prices as they don’t deal with middle men. As one of the largest leather retailer, Leatherup.com customers had been asking about trading with Cryptocurrencies. This is it now – 2018 is the year it happens! By doing this, they hope to add more value in serving their customers and increasing their revenues. Accepting digital currencies will also enable them to be at the forefront of adopting emerging technologies that are transforming e-commerce.