Artefact London has become the first bespoke tailor in the world to accept Bitcoin, LiteCoin, and Ethereum crypto currencies as payment.
Founder and entrepreneur Tatyana Kozhevnikova said: “I made a decision that as long as crypto currency carries value that can be legitimately converted into GBP and EUR, Artefact London will accept it as a method of payment.”
Kozhevnikova, who was a finalist in the FORBES 30 Under 30 Class of 2018 Arts & Culture Europe, decided to accept crypto currencies at the end of last year after a discussion with a South African client. He explained that more Africans were using Bitcoin and other crypto currencies as payment
Artefact London will be testing crypto currencies as a payment option and anticipate it to be an alternative that might be particularly attractive to customers outside the UK. Kozhevnikova added: “People told me I am crazy. To which I say the idea of a single currency Euro seemed crazy to some people not long ago too. If there are customers that might find it convenient to use a ‘wallet’ to pay instead of a Visa Card – I don’t see why not give that option.”
Artefact London was founded in 2016 and is based at 75 Bond Street. The business combines modern technology such as laser-cutting and electronic storage of patterns with traditional tailoring craftsmanship. Shirt prices start at £160 and two-piece suits at £850.