This news is about Bitfash, Bitcoin and Inverted Edge of Singapore. For those who knows Inverted Edge, they are an online shopping platform for independent contemporary fashion designers. Now, you can buy their products with Bitcoin at Bitfash.
I think Singapore is not new to Bitcoin. There are many reports of Bitcoin being used in some bars in Singapore. However, this is my first time I heard Bitcoin being used on Fashion. According to the Press Release, the 1 Bitcoin to USD was US$452.30 as of the time of the PR.
Read the Press Release for more details.
Press Release
BITFASH ANNOUNCES FIRST BITCOIN FASHION COLLABORATION
IN ASIA WITH SINGAPORE’S INVERTED EDGE
Singapore, 6 May 2014: Bitfash (www.bitfash.com) is pleased to announce its first fashion collaboration in Asia with multi-brand etailer Inverted Edge that will enable users on Bitfash.com to purchase high quality fashion from the Inverted Edge website using Bitcoin.
Inverted Edge, based in Singapore, is a leading online shopping platform for independent contemporary fashion designers and serves to deliver internationally-ready, high quality and globally relevant labels from Asia Pacific and beyond.
Bitfash remains the only business in the world to fully and seamlessly integrate existing e-commerce fashion retail platforms into a platform that provides a streamlined shopping experience for Bitcoin users.
“We are most excited to be working with Inverted Edge given the perfect fit of their offering in the Bitfash platform”, Christopher J. Woods, Bitfash’s co-founder said. “We believe that attracting high quality fashion platforms such as Inverted Edge is crucial in being able to offer a superior Bitcoin shopping experience for Bitcoin users. Our collaboration with Inverted Edge will truly enable Bitcoin users to become much more fashionable.”
“We have followed the development of the Bitcoin eco-system and Bitfash with great interest in the past 12 months”, Debra Langley, Inverted Edge’s CEO said. “We were excited to learn that globally, women’s fashion purchasing via Bitcoin is growing steadily, and we are pleased to be able to offer Inverted Edge collections to Bitcoin users without incurring the market risks related to the further development of this technology. We are looking forward to working closely with the Bitfash team and their innovative Bitcoin purchasing retail platform.”
As of the date of this press release, the exchange rate for 1 Bitcoin to USD was US$452.30.
Follow Bitfash at: www.bitfash.com, Twitter (@Bitfash), Facebook (www.facebook.com/bitfash).
INVERTED EDGE is an online shopping platform for independent contemporary fashion designers. We place an emphasis on identifying internationally ready, high quality and globally relevant labels from Asia Pacific and beyond, complementing these collections with hand-picked vintage pieces and special collaboration capsules. We follow a rigid selection and sourcing process to curate collections and provide style insights that meet the needs of the woman who shops not by trends, but for her personal style.
INVERTED EDGE, under its corporate banner, The World of Edge, also provides white label ecommerce solutions for other fashion brands, and for media partners who want to embed commerce into their content.
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1 Bitcoin to USD was US$452.30