Gucci Accepts Ethereum and Dogecoin Payments at Select US Stores

Gucci has started accepting Ethereum and Dogecoin payments at select U.S. stores through partnerships with BitPay and Coinbase Commerce. This move marks a significant step in luxury retail's crypto adoption, potentially increasing digital asset transactions and influencing market activity, particularly Ethereum's network. The partnership enables real-time transaction conversions, reflecting a growing trend towards blockchain integration in luxury retail.

Luxury fashion brand Gucci has made a significant stride into the digital age by announcing the acceptance of Ethereum (ETH) and Dogecoin (DOGE) payments at select U.S. stores. This move, part of a broader Web3 strategy that includes the launch of an NFT marketplace called Vault Art Space, signals a pivotal moment in the integration of digital assets into mainstream commerce [1].

Gucci’s decision to adopt ETH and DOGE is rooted in a calculated alignment with consumer trends and technological advancements. The brand has partnered with payment processors like BitPay and Coinbase to facilitate secure transactions, converting crypto to U.S. dollars at the point of sale [2]. This approach addresses one of the most persistent criticisms of crypto—its volatility—while offering a seamless experience for shoppers.

The inclusion of DOGE, a meme coin often dismissed as speculative, is particularly noteworthy. While DOGE’s price dipped 3% following the announcement, the broader narrative is one of growing legitimacy. Analysts like Gert van Lagen argue that Gucci’s adoption could drive long-term demand for DOGE, projecting Ethereum’s price to reach $22,000 as institutional interest in blockchain-based assets grows [3].

Gucci’s move is part of a larger trend: over 20 global luxury brands now accept crypto payments, signaling a structural shift in high-end retail [4]. This normalization of digital assets is attracting both retail and institutional capital. For example, Ethereum’s role in tokenizing real-world assets—such as luxury watches—has reinforced its strategic value in the sector [5]. Meanwhile, Dogecoin’s adoption by a brand like Gucci has sparked renewed interest in its utility, with over 8 million addresses now holding the coin and 6% of global crypto transactions involving DOGE [6].

Institutional investors are also taking notice. The Coinbase 2025 State of Crypto Report reveals that 83% of institutional investors plan to increase their exposure to cryptocurrencies, with a focus on tokenized assets and stablecoins [7]. Gucci’s integration of stablecoins into its payment options provides a bridge between speculative and stable assets, offering a model for how crypto can be used in everyday commerce [8].

Gucci’s adoption of ETH and DOGE is more than a marketing stunt; it reflects a fundamental rethinking of value in the digital age. By legitimizing crypto as a practical payment method, the brand is accelerating the transition of digital assets from speculative investments to functional tools for commerce. This shift is supported by regulatory developments, such as the EU’s Markets in Crypto-Assets (MiCA) regulation, which provides institutional-grade compliance for blockchain-based transactions [9].

For investors, the implications are clear. Ethereum’s role in smart contracts and decentralized finance (DeFi) positions it as a foundational asset in the Web3 ecosystem, while Dogecoin’s community-driven appeal offers a unique case study in retail-driven adoption. As luxury brands continue to embrace crypto, the line between physical and digital value will blur further, creating new opportunities for both institutional and retail markets [10].

Conclusion

Gucci’s foray into crypto payments is a harbinger of a broader transformation. By leveraging its brand power to normalize digital assets, the company is not only appealing to a new generation of consumers but also signaling to investors that crypto is becoming an integral part of global commerce. As the luxury sector continues to innovate, the question is no longer whether crypto will go mainstream—but how quickly [11].

References:
[1] Gucci now accepts payments in cryptocurrencies including $ETH and $DOGE at select U.S. stores [https://www.ainvest.com/news/gucci-accepts-payments-cryptocurrencies-including-eth-doge-select-stores-2508/]
[2] Luxury Brands and the Crypto Adoption Wave: Gucci's Strategic Shift [https://www.ainvest.com/news/luxury-brands-crypto-adoption-wave-gucci-strategic-shift-signals-web3-revolution-high-retail-2508/]
[3] Ethereum Nears All-Time High as Analyst Gert van Lagen Backs $22k Target [https://bravenewcoin.com/insights/ethereum-eth-price-today-ethereum-nears-all-time-high-as-analyst-gert-van-lagen-backs-22k-target]
[4] Fashion's Biggest Brands and Retailers are Accepting Crypto [https://www.bitpay.com/resources/crypto-in-fashion]
[5] Ethereum's Strategic Role in Luxury Retail's Digital Renaissance [https://www.bitget.com/news/detail/12560604940183]
[6] Dogecoin at a Strategic Inflection Point: Institutional Adoption and Retail Sentiment Fuel Speculative Momentum [https://www.ainvest.com/news/dogecoin-strategic-inflection-point-institutional-adoption-retail-sentiment-fuel-speculative-momentum-2508-51/]
[7] Institutional Crypto Adoption Set to Surge by 2026 as Stablecoins Take Center Stage [https://worldecomag.com/institutional-crypto-adoption-stablecoins/]
[8] The Growing Trend of Institutional Crypto Adoption in 2025 [https://www.blockchain-council.org/cryptocurrency/growing-trend-of-institutional-crypto-adoption/]
[9] The Evolution of the Institutional Crypto Market [https://crypto.com/us/research/institutional-crypto-market-liquidity-and-adoption-feb-2025]
[10] Luxury Brands and the Crypto Adoption Wave: Gucci's Strategic Shift [https://www.ainvest.com/news/luxury-brands-crypto-adoption-wave-gucci-strategic-shift-signals-web3-revolution-high-retail-2508/]
[11] Gucci's Crypto Move: A Catalyst for Mainstream Adoption [https://www.ainvest.com/news/gucci-crypto-move-catalyst-mainstream-adoption-digital-asset-valuation-2508/]