Cosmetics Retailer Lush Accepts Bitcoin

Announcements, Blockchain, FinTech | July 24, 2017 By:

Cosmetics retailer Lush has started accepting bitcoin as a method of payment for online shoppers.

Lush is a cosmetics retailer headquartered in Poole, Dorset, United Kingdom. The company was founded by Mark Constantine, a trichologist, and Liz Weir, a beauty therapist. Lush produces creams, soaps, shampoos, shower gels, lotions, moisturizers, scrubs, masks and other cosmetics for the face, hair, and body, using only vegetarian or vegan recipes.

The idea behind accepting bitcoin is to allow for more global payment on its U.K. website, and the use of a decentralized currency will aid these efforts.

The company said that by accepting bitcoin, Lush will be able to develop new ways of working with customers, as well as global suppliers and charity groups who are often based in small local communities across the world. The decision is the first step in a wider strategy to delve into the blockchain community and provide an ethical viewpoint on its possibilities.

“Accepting bitcoin is very exciting for Lush. With bitcoin, customers from all around the world will pay the same for our products, free from volatile currency fluctuations and lofty bank charges,” said Lush Finance Manager Mike West. “Cryptocurrencies are the future of global trade and we want to ensure that we are prepared to move into this new digital era.”