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Ralph Lauren is working alongside BitPay to accept bitcoin payments at its new Miami Design District location. Customers may pay for all of the brand’s various designs using their chosen wallets and receive refunds in the same cryptocurrency used to make the transaction. The city has been at the forefront of bitcoin acceptance, hosting the Bitcoin 2021 and Bitcoin 2022 conferences. Following a merchant trial at Bitcoin 2022, Ibex Mercado, a bitcoin payments processing firm, has onboarded 85 merchants in Miami. Ralph Lauren’s decision to accept bitcoin demonstrates the various ways to use bitcoin.

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