Tatyana Kozhevnikova, founder of Artefact London
Entrepreneur Tatyana Kozhevnikova has announced that her store will begin accepting cryptocurrency payments as of this month.
Tatyana Kozhevnikova, founder of Artefact London and Forbes 30 Under 30 finalist, has announced plans to accept crypto payments at her store in Westminster.
The move makes the company the first tailoring business in the Capital to announce the adoption of crypto payments for its entire product range.
Kozhevnikova said: "At the end of 2017 I made a decision that as long as cryptocurrency carries value that can be legitimately converted into GBP & EUR, Artefact London will accept it as a method of payment."
The idea came in a conversation with one of her South African based customers who shared insights about the instability of the banking and political system in many African countries.
Due to fiat value instability, many people chose to store part of their wealth in Bitcoins and other cryptocurrencies.
Having many internationally based customers that travel to get their suits made at Artefact and being aware of the inconvenience of international payments, Tatyana decided to test the idea of crypto payments.