With the growing demand and hype over cryptocurrencies it was evident that it is just matter of time before big brands starts to accept them as a conventional payment method, but nobody realized Nike would step up to acknowledge them and accept them as their payment method however, at the time of writing this post there is no official confirmation by Nike yet.
Dogecoin which started as a meme is now taking over the crypto world and investors started to consider it as a real cryptocurrency now is also in the list of the accepted listed cryptos to be accepted by Nike.
Many speculations believe that this move by Nike is solely to prevent the sneaker botting problem, and the crypto transaction time is going to help brands address the botting and automated buying problems. With dynamic wallet address to receive payment it is actually very likely to indeed reduce the botting problem if not eliminate it.
Nike is rumored to accept crypto as a payment from 2022 onwards , starting from South East Asia and gradually going global. If this move is going to impact the multi billion dollar sneaker resell market by any means only time can tell.
List of Cryptos which are to be accepted:
As per the sources the speculated cryptos are going to be Bitcoin, Ethereum, Dogecoin, Bittorrent Crypto & Tron. Whether Nike is going to accept other currencies as well is still a mystery which only time will tell.
Let us know in the comment below if you think this is revolutionary move by Nike is just a rumor and hoax or is it more likely to happen? also if other sneaker/ streetwear brands like Adidas , Puma are also going to follow Nike’s footsteps?