Hublot, a Swiss luxury watch manufacturer, has recently announced that they will be launching a watch on the occasion of the 10th birthday of Bitcoin [BTC]. They also stated that those wishing to buy the watch can also pay in Bitcoin worth its selling price of $25000.
The manufacturer launched the product in conjunction with Octagon Strategy Limited in order to make sure that the product reaches the customer. They act as the sole official broker of the watch, which is called the Big Bang Meca -10. The watch is also limited edition, with only 210 units set to be in production. This number was chosen due to the 21 million coin supply cap for the cryptocurrency.
The watch said to be “a fusion between top-notch Swiss watchmaking and cutting-edge FinTech”, is a hand-assembled watch. The watch will officially be launched on November 6th, with delivery to customers occurring around January 3rd.
The official website stated:
“Big Bang’s signature industrial design as well as aesthetics inspired by cryptocurrency. To no surprise, ‘210’ was chosen for a reason. This watch was created to commemorate the 10th anniversary of this epochal invention including the fact that only 21 million bitcoins will ever exist in this world.”
OSL is a digital asset brokerage firm that is aimed to help process customer data during the pre-sale. Their procedures also include filing KYC norms and submitting government ID, a process that might not have been foreseen by those who created the coin.
The adoption of Bitcoin-based designs by established brands shows that the coin is moving closer towards mainstream adoption. It also provides a valuable collector’s item for Bitcoin whales, who can purchase it for the low price of 3.8 BTC.
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