00:00Dogecoin for diamonds? Only in New York City. We're here today at Leon's Diamonds
00:03in the Diamond District. They're the first ever jeweler to accept crypto to
00:06cash payments. Avi, what's up, man? Hey, Will. Welcome. Thanks for having us. Yeah, absolutely.
00:11Ready to look at some rocks? Hell yeah. All right, let's do it. Avi, tell me, why did you start
00:14accepting crypto payments? It's the future. Crypto has had its ups and downs, but I think
00:19it's definitely here to stay. We weren't sure if we were ready, but now there is a mediator
00:24that is going to make that process a lot easier. The mediator is PDX Beam, a payment system
00:29that lets you use cryptocurrency without merchants needing to touch or even hold crypto.
00:33What do you think is driving people to pay with crypto? It's easier to let go of the crypto,
00:37I would say for sure, than your savings account. You know, when you're building that slowly,
00:41crypto people overnight can make a huge gain. So I think that's what it is. They're not as attached
00:47to it. Let's go see what people are buying with crypto. Absolutely. Let's look at the big rocks.
00:50So we're looking at a natural 40 carat plus fancy yellow. Then we move here to a 20 carat pink,
00:58super rare. And then we have a 23 carat white diamond. And then, believe it or not, the smallest
01:04one here is the most expensive. That's a green diamond at just over 10 carats. Smaller is more
01:08expensive. How much does this green one go for? So not necessarily smaller, but that green one,
01:13that one is right around $2 million. Anything in my price range? Absolutely. We have 11,000 items in
01:20stock. They started at a thousand bucks and up, but I think I have something for you that's just over
01:2480 grand if you want to check out with Olivia. Great. We're not really accepting the crypto.
01:29The client actually pays in crypto through the third party and the third party converts it instantly
01:34into cash to our bank. So it's in within 15 seconds. Everybody leaves happy. Olivia,
01:39can you show us step by step how this works? Sure. It's just three simple steps. I would go ahead and
01:43request the exact amount that I'd be charging you for the ring that you were interested in. It's going
01:48to be 82,000. Oh, my editor's not going to like that. Maybe don't mention it. And then we're going
01:53to generate the QR code here and then ask you which coin you would like to use today for your
01:58payment. I'll go for Solana. And then in seconds, it'll easily generate the QR code for you to scan
02:03and then it'll bring you right to your crypto wallet to allow you to make the payment. It's quick. Very quick.
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