GrabAGun begins accepting bitcoin and stablecoin payments

GrabAGun Digital Holdings Inc. (NYSE: PEW) announced it has started accepting cryptocurrency payments on its online platform. The firearms retailer now accepts Bitcoin, USD Coin and Tether as payment options.

The company stated it believes it is the first major firearms retailer to support these cryptocurrency payment methods. GrabAGun operates an online retail platform for firearms, ammunition and related accessories.

"Adding cryptocurrency payment options is a direct response to the growing demand from our customers for more flexible and modern payment solutions," said Marc Nemati, chief executive officer of GrabAGun.

The cryptocurrency payment options are available across GrabAGun's product catalog. The company said the new payment methods maintain the same compliance standards as traditional payment options.

GrabAGun is based in Coppell, Texas, and describes itself as a digitally native ecommerce retailer. The company works with firearms manufacturers including Smith & Wesson Brands, Sturm Ruger & Co., SIG Sauer, Glock and Springfield Armory.

The announcement was made through a company press release.

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