Established online retailer iDIAMONDS.com has caught the Bitcoin bug! The New York City-based company has decided it wants to take the diamond industry out of its old-fashioned ways and push it into the future by allowing anyone to exchange bitcoins for diamonds. iDIAMONDS has partnered with Bitcoin payment processor BitPay to make this all possible.
According to company CEO Dan Gildoni, exchanging bitcoin for diamonds is an excellent choice for Bitcoin investors, stating:
First, as the famous quote says: ‘Diamonds Are Forever.’ They traditionally increase in value, are a stable product, and are a sought after commodity in their own right.
iDIAMONDS research found that the main difficulties consumers find with the current diamond retail marketplace is the overwhelming selection and available information. Diamond education alone is covered by over 1,000,000 pages online. To address this consumer pain point, iDIAMONDS was founded with one simple goal: make it easier to purchase diamonds and diamond jewelry. In line with this mission, they decided to accept bitcoin for diamonds.
This past year Bitcoin adoption worldwide has been increasing exponentially; with Microsoft, Greenpeace, Newegg, Overstock, Dell, Wikipedia, Time, Mozilla and many more household names accepting payment in Bitcoin. By offering Bitcoin enthusiasts a stable and trusted commodity to exchange their bitcoins into, iDIAMONDS is aspiring to further push the cryptocurrency revolution while offering a stunning selection of jewels.
More and more companies are beginning to accept Bitcoin. What company would you like to see take the jump into the world of cryptocurrency? Let us know in the comments.
Image from iDiamonds and Shutterstock.