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Fashion Designer Philipp Plein Predicts Jump in Crypto Payments

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WATCH: Philipp Plein discusses opening his flagship crypto concept store in London.Source: Bloomberg

German fashion designer Philipp Plein, whose online store started accepting cryptocurrencies in August, expects purchases made with digital tokens to surge this year even after a steep drop in prices of such assets. 

Plein expects purchases using crypto to reach 15 million euros ($15.8 million) to 20 million euros in 2022, he said in an interview with Bloomberg Television on Friday. Last year, such payments accounted for some 3% of Plein’s roughly 100 million euros of online revenue.