Categories: Bitcoin Entertainment

Bitcoin Wedding Industry Taking Off, iDIAMONDS Taking Bitcoins

Click here to view original web page at

The digital currency wedding industry is taking off with iDIAMONDS offering diamond rings for Bitcoin. Following the first blockchain wedding at Coins in the Kingdom in late 2014, the wedding industry is taking note, as everything from rings to wedding dresses becomes savvy to the spending power of Bitcoin.

Online diamond and jewellery dealer iDIAMONDS is seeking to capture some of the US$ 4 billion value in the Bitcoin world, by pairing with BitPay to accept it for online purchases for it's wedding and investment jewellery. A recent survey of newly-wed couples found the average American wedding now costs in excess of US$ 30,000, making the American wedding industry worth around US$ 40 billion to the national economy. With so much value in the market, it's no surprise to see wedding merchants seeking to differentiate themselves, and in the case of iDIAMONDS, get involved in the developing digital currency world of the Bitcoin wedding.

Marriages have been big news in the cryptocurrency world since David Mondrus and Joyce Bayo registered their union in October 2014 by committing the phrase "For better or worse, ’til death do us part, because the blockchain is forever” as a contract on the blockchain itself. Mondrus himself is no stranger to the crossover between Bitcoin and the wedding business, being CEO of, another Bitcoin friendly jewellery merchant. The idea of a decentralized and non-governmental wedding service closely aligns with digital currency's power to operate outside of regulatory and geopolitical controls, and has been taken up by Bitnation who are seeking to build decentralized governmental services on the power of the blockchain.

Away from the world of politics and contract law however, couples are now being presented with an ever increasing range of conventional wedding services, payable through Bitcoin and other digital currencies. Co-founder of iDIAMONDS Dan Gildoni explains that as a company, they're seeking to make purchasing diamonds easier, and it was “in line with this mission, [we] decided to accept Bitcoin”. Once these high-tech couples have completed their ring giving ceremony, they'll find a range of other online merchants offering everything from wedding gowns at to a cake shop in San Francisco who will make you a cup-cake wedding cake, all paid for with bitcoin.

Whether couples will start flocking to the Bitcoin version of the traditional wedding remains to be seen, but the affiliation of a cultural institution such as marriage to the digital currency world could be another way in which currencies such as Bitcoin gain further acceptance in society. At least one Redditor seems keen to the follow the example of Mondrus and Bayo in uniting through the blockchain, and the growth in retailers making room for Bitcoin in the sector seems to suggest that the cryptographic contract functionality of the blockchain may be gaining popularity as a way to formalize otherwise governmental or legislative practices.

Did you enjoy this article? You may also be interested in reading these one:

Online diamond and jewellery dealer iDIAMONDS is seeking to capture some of the US$ 4 billion value in the Bitcoin world, by pairing with BitPay to […]


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by
Tags: one

Recent Posts

$10K Bitcoin Stronger Than Ever But No One Seems to Care: Google Trends

Risk Disclaimer - By using this web site you agree to its terms and conditions. All materials, including but not… Read More

5 hours ago

Bitcoin Is A Hedge Against Gov’t “Fiscal Irresponsibility”, Analyst

Equities portfolio manager turned crypto fund executive Travis Kling has argued that Bitcoin has come into its own as a… Read More

5 hours ago

Why Are France & Germany Blocking Facebook’s Crypto? The Euro, Apparently

For those most part, governments have ignored Bitcoin . While the crypto asset’s proponents see it as the future of… Read More

5 hours ago

U.S. Charges JPMorgan Suits for ‘Spoofing’ Precious Metals Markets

| Source: Lorimer Images/Shutterstock The United States Department of Justice has charged three gold and precious metals traders from JPMorgan… Read More

5 hours ago

Your Crypto Exchange Can’t Send Even $1000 Without Exposing You

Regulator-compliant crypto exchanges are required to share your information with other financial institutions. | Source: Horth Rasur/Shutterstock Transferring more than… Read More

5 hours ago

Bigger Bloodbath in U.S. Stock Market Likely: Factors of Further Downtrend

Geopolitical risks and an uncooperative Fed could trigger a short-term relapse in stock prices. | Image: Shutterstock The U.S. stock… Read More

5 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More