Lunu enables clients to buy diamonds with cryptocurrency

Online and in-store crypto payments provider Lunu has partnered with French jewellery retailer Courbet.

Lunu’s technology allows enables cryptocurrency purchases for in-store goods. It will now be available in Courbet’s showroom Place Vendôme and on its website.

Crypto payments will be enabled in Courbet boutiques via electronic payment terminals (EFTPOS terminals) and on its website via the Lunu widget, which facilitates the same processing and exchange functions for crypto customers online as the Lunu Terminal offers in-store.

This partnership sees Courbet become the first jewellery brand in Europe to offer customers cryptocurrency payments.

One of the standout features of Lunu is that it doesn’t impose its own exchange rate for cryptocurrency conversions into fiat currencies and transaction fees are very competitive. Lunu’s transaction fee is just one percent, compared to up to three percent being charged by traditional payment systems.

“The hallmark of the Courbet House is luxury, but also disruption,” said Manuel Mallen, President and Co-founder of Courbet. “After announcing the use of synthetic diamonds and recycled gold, we are proud to position ourselves at the next technological frontier represented by crypto payments. This progress is also being made with Lunu, a trusted partner with whom we share values in terms of social responsibility.”

Courbet uses exclusively synthetic diamonds, created in the laboratory, and recycled gold, mainly from obsolete industrial and computer equipment. The most responsible and eco-friendly sourcing according to its founders.

“This partnership is a first step towards the democratisation of payments in cryptocurrencies, which Lunu actively seeks to promote,” Artem Shaginyan, CEO and co-founder of Lunu, added. “Although cryptocurrency is a means of payment like any other, it still lacks openings because businesses have a biased view of the technology. Our work with Courbet challenges these clichés.”

Lunu’s terminals also accept a wide range of cryptocurrencies in order to adapt to different consumers and systematically charge the customer the low exchange rates effectively dictated by the market rather than imposed by Lunu.

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