As we write this, Ethereum is the second largest cryptocurrency by market cap placed behind Bitcoin. And like Bitcoin, more and more online and in-store retailers are beginning to accept Ethereum as a form of payment. Here at Jura Watches, we accept Ethereum payments on all our incredible selections of luxury watches. In today’s guide, we’ll be looking at exactly what Ethereum is and how to spend Ethereum on our website.
What is Ethereum?
Ethereum is more than just a virtual coin, it is a blockchain platform with the cryptocurrency used to perform transactions on the platform named Ether (although many still refer to it as Ethereum). First launched in 2015, Ethereum uses blockchain technology - a system which holds individual transaction information and cannot be altered - to allow users to make agreements and conduct transactions without a need for the middleman. It permits users to pay companies and associates without the need for banks and lawyers and avoids large transaction fees.
Those already interested in the crypto world, will have likely watched Ethereum as it has rose the ranks rising more than 50% in just the last month and since the stock market fell last March, Ethereum is up an incredible 2,200%. In 2020, an average of $231 million in ether was traded daily on spot exchanges. To start 2021, that number jumped to $2.7 billion. For that very reason, investors of Ethereum are now looking into how they can spend their cryptocurrency and at Jura Watches, we have the perfect solution for you.
How & Where to Spend Ethereum?
You don’t have to be a luxury watch collector or a timepiece connoisseur to have a dream wristwatch in your mind. Everyone, no matter their personality, style and budget, has a luxury watch in their head they’ve always wanted. Maybe it’s a piece from IWC Schaffhausen, a pilots watch from Breitling or a sporty chronograph from TAG Heuer? No matter what your fantasy timepiece has always been, let us help you make it a reality. Spend your Ethereum on a luxury watch at Jura Watches… it couldn’t be easier!
Simply head over to the Jura Watches website here and add your dream luxury watch to your basket. Then select the Coinbase Commerce option on the payment page and from there, you’ll be redirected to the Coinbase Commerce website. Select Ethereum as your crypto and a QR code will be displayed on screen which you can use with your mobile or desktop wallet to make payment.
