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Philipp Plein Expects Company Customers to Make More Crypto Payments

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German fashion designer Philipp Plein forecasted that crypto payments could generate up to $21 million of his company's revenue for 2022.

German fashion designer Philipp Plein forecasted that crypto payments could generate up to $21 million of his company’s revenue for 2022.

its customers to pay for clothes, shoes, and other products in 15 digital assets. The two leading ones – Bitcoin and Ether – were among the supported ones., the founder of the firm – Philipp Plein – revealed that such settlements accounted for around 3% of the organization’s $105 million online revenue in 2021. He believes that the figures will surge this year, envisioning up to $21 million worth of crypto payments by the end of the ongoing year.

The German designer is an outspoken supporter of the asset class and a HODLer. The CEO owns 170 BTC, worth approximately $6.6 million . Last summer, he said he believes in the future of crypto, raising hopes that it could generate further profits for his company and create more opportunities for clients.Another major brand in the fashion industry to accept digital asset payments last year was PacSun.

 

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