Benzinga | Nov 4, 2021 08:35AM EDT

Digital Brands Group Reports Will Accept Crypto As Form Of Payment

Digital Brands Group, Inc. ("DBGI") (NASDAQ:DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces it will start accepting cryptocurrencies as a form of payment across all its brands.

Shopify (NYSE:SHOP) enables our brands to accept cryptocurrencies as a form of payment. We believe this form of payment will continue to grow as a potential currency in our industry, stated Hil Davis, Chief Executive Officer of Digital Brands Group.

Finally, as we discussed in our S-1, we expect to continue to grow through acquisitions and expect to continue to acquire companies this year, most of which will require GAAP PCAOB audits. These audits take time, which results in a delayed acquisition timeframe weighted toward the final months of 2021.