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Hublot's $25,000 Swiss Watch Can Be Bought Only With Bitcoins

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LVMH-owned Swiss watchmaker Hublot has unveiled a limited-edition watch, which can be bought only online and with Bitcoins.

Celebrating the tenth anniversary of the major cryptocurrency, Hublot's Big Bang Meca-10 P2P has been launched as a limited edition of 210 timepieces, reminding of the global Bitcoin mining limit of 21 million.

Bloomberg reported, citing Chief Executive Officer Ricardo Guadalupe, that the watch, made for Hublot's Big Bang line, costs about $25,000. The deliveries are expected to start in January.

For the product launch, Hublot is partnering with Hong Kong-based digital-asset brokerage OSL, which reportedly will perform background and anti-money-laundering checks and handle payment services.

OSL CEO Wayne Trench stated that orders have already exceeded the limited run of 210 pieces.

The watch features the transaction number engraved on the edge of the bezel, rendering each piece unique. Its strap is black rubber and dark blue calf with embossed "Blockchain."

The peer-to-peer or "P2P" watch has a 45 mm case made from microblasted black ceramic, which is a high-tech material of zirconium dioxide pressed at a very high temperature. It houses a HUB1201 manufacture calibre, a skeleton movement offering an exceptional 10-day power reserve - Ten to mark the number of years the Bitcoin has existed.

The Big Bang Meca-10 P2P was presented in Hong Kong, where OSL headquarters is located.

Hublot is also planning to give cryptocurrency payment option to buy its other watches.

Bitcoin, the most famous and major cryptocurrency based on market cap, and the first product out of blockchain technology, turned 10-years old. It was on October 31, 2008, that Bitcoin's founding white paper was published by an anonymous cryptographer with the pseudonym Satoshi Nakamoto.

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