Jewellery businesses are now able to purchase diamonds with cryptocurrencies.
A new company, Diamonds4Crypto, claims to be the world’s first diamond company accepting cryptocurrency payments.
Based in the UK, the business deals in a broad range of natural diamond sizes and price points.
Meanwhile, nine cryptocurrencies are accepted, including Bitcoin, Etherium and Dogecoin.
Furthermore, every diamond is blockchain-authenticated, providing a diamond’s history and provenance.
A non-fungible token (NFT) for each diamond is stored on the blockchain to certify it is unique and provide proof of ownership.
Founded by industry expert Jonathan Kendall, the company claims that all of its stones are ethically sourced and manufactured.
The founder of Diamonds4Crypto, Jonathan Kendall, brings over two decades’ experience in the diamond industry and stated: “Diamonds are as popular as ever and investing in digital technology to embrace new consumers is important for the future of the industry.
“I believe that digital currencies are here to stay and I want to give customers the choice to buy the finest diamonds using cryptocurrency, from a secure and trusted platform, backed up by blockchain and NFT technology.”