Inside the Online Store Where the Rich Spend Their Bitcoin: BitDials Analysis.
FEB 24, 2020
“Fashion is an art. You express who you are through what you’re wearing.” – Daniele Donato
Cryptocurrency investors have for long been derided as tech recluses in their flannel t-shirts, typing away “HODL” all day long. However, with bitcoin going mainstream and Blockchain stimulating a tech revolution, the business world has started to look at crypto entrepreneurs through a whole new prism.
But as the saying goes, a well-tied tie is the first serious step in life. So while black turtlenecks may have worked for Steve Jobs, if you want to be taken seriously, you need to look the part. This is the market targeted by the world’s first crypto-only luxury Boutique, BitDials.
Based out of Switzerland, BitDials offers a range of premium watches, fine jewelry, certified diamonds, gold and automobiles for the crypto wealthy.
With the security of the platform taking precedence over everything else, most of BitDials’ luxury watches and jewelry are shipped within 24 hours of payment. And should you not find your desired product in their collection, you can make use of their bespoke services team who scout the luxury market to find your dream purchase.
Equipped with a 24/7 customer support team ready to answer all your queries, BitDial strives to offer the crypto community with the most diverse collection of luxury items.
BitDials started off as a unique collaboration between a renowned traditional watchmaker and a serial entrepreneur slash crypto enthusiast. What began as a search for a luxury watch vendor who accepted cryptocurrencies as a mode of payment, led to the partnership that would grow into one of the biggest crypto-only luxury boutiques in the world.
BitDials was established in Frankfurt am Main in 2016 and operates out of Geneva while the logistics offices are in Germany. The company objectives were clear from the start:
- Build a platform where one can purchase genuine luxury goods using cryptocurrencies
- Stimulate the adoption of crypto by bridging the gap between traditional retailers and modern tech.
- Offer crypto entrepreneurs an avenue to improve their image and suavity
- Provide an alternative hedging tool or investment vehicle.
BitDials Platform Features
BitDials operates as a centralized entity connecting genuine luxury goods suppliers and customers. While this may initially sound contrary to crypto ethos, the switch to the closed-circuit platform was taken to protect the privacy and confidentiality of customers. All crypto transactions and customer data are secured with the centrally monitored retail network.
Using cutting edge technology to supplement its transparent systems, BitDials is able to verify the authenticity of an item and track its movement until the final delivery into the hands of the customer. Product authenticity and privacy are two key factors that have led to a surge in the popularity of the boutique firm.
The website itself has been designed to be user-friendly, with easy product catalog and detailed information about the specs, quality, condition, etc. And due to high demand by affiliate marketers, the company has recently started a high paying affiliate program which is worth a look.
Although BitDials started off as a bitcoin-only store, they support a number of cryptocurrencies now including supported cryptocurrencies include Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Monero (XMR), Ripple (XRP), Decred (DCR), Dogecoin (DOGE) and more.
BitDials As An Alternative Investment Vehicle
BitDials also taps into a niche market of people wanting to cash out their crypto but being unable due to regulations or otherwise. While this may not have been the sole intention of the founders, the company nonetheless offers a powerful hedging tool against fluctuations in the crypto markets.
With their luxury watches/jewelry segment, or by using their sister platform BitCars to purchase collectible vintage cars or supercars, you can insulate yourself from market risks and diversify your portfolio through alternative investment vehicles.
While their luxury watch collection includes all the famous brands such as Rolex, Hublot, Cartier, and Patek Philippe; BitDials also has a special collection of handcrafted “Chronoswiss Blockchain Series” watches inspired by cryptocurrencies.
So whether you want to sport a slick Rolex Submariner for a business meeting, or drive around town in your new Lamborghini, BitDials is here to serve all your needs.
Head on over to their website and take a look for yourself.