SFLMaven Corp, a luxury products designer and producer, has officially announced that it would accept Bitcoin payments. Specifically, for high-end antique jewelry purchases in physical and virtual worlds.
SFLMaven Corp just announced that it is beginning to accept Bitcoin as a form of payment. The company has been diversifying its cash and cash equivalents holdings to incorporate scaling exposure to bitcoin in its official asset holdings. Joseph Ladin, the CEO of the premium company commented on the tremendous potential of digital payment methods, saying:
We think that Bitcoin and digital payment systems have a bright future but that fiat currency systems pose a risk to the productivity of balance-sheet assets. Since they are prone to monetary growth, stimulus, and debt, all of which might continue to weigh down value. According to management, the firm aims to create exceptional cash flows from operations in 2022 due to higher demand for ZeLoop, and Plastiks. It increased web traffic at its online shop, and record engagement in SFLMaven vintage jewelry auctions.
The corporation underlined the relevance of Metaverse to the holders of its native token, SFLM. The forms who are not contemplating it or participating will be left behind, it believes. It equated the value of having a Metaverse presence to possessing a website for businesses in the ensuing days.
SFLMaven, a leading luxury goods distributor, has revealed a bitcoin allocation on its balance sheet and the desire to accept Bitcoin as payment. The corporation began purchasing BTC, indicating that they put a line item on their balance sheet for it and they will continue to make periodic investments.
By 2022, SFLMaven claims that record-breaking cash flows and increased online traffic have allowed them to expand Bitcoin diversification. SFLMaven has already initiated the process of diversifying into Bitcoin as a line item on its balance sheet, according to the press release.
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