HOW FAT IS YOUR VIR­TUAL WAL­LET?

Good old Amer­i­can dol­lars won’t be good enough for this lux­ury watch.

The Peak (Singapore) - - Contents -

Good old Amer­i­can dol­lars won’t be good enough for this lux­ury watch.

While tra­di­tional watch­mak­ers cling to the days of yore in a bid to boost the his­toric al­lure of me­chan­i­cal watch­mak­ing, Hublot has leapt head first into mod­ern tech­nol­ogy. From cre­at­ing the world’s only scratchre­sis­tant gold al­loy to launch­ing a video called Dig­i­tal Bou­tique in New York last year, the in­de­pen­dent brand has never shied from the mod­ern world. Its lat­est watch re­in­forces this to great, if some­what sur­pris­ing, ef­fect: The Big Bang Meca-10 P2P Lim­ited Edi­tion can be pur­chased only with bit­coin.

The cryp­tocur­rency hasn’t had an easy 2018, hav­ing fallen more than 80 per cent since its hey­day in 2017, but pric­ing for the watch is quite sim­ple. Val­ued at US$25,000 (S$34,200), the new Big Bang’s price in bit­coin will be de­ter­mined on the day of the pur­chase to ac­com­mo­date the cur­rency’s fre­quent price fluc­tu­a­tions. When the watch was first launched in Novem­ber last year, the price was about 3.99 bit­coin.

There are sub­tle ref­er­ences to the dig­i­tal theme through­out the watch’s de­sign. The 45mm mi­crob­lasted black ce­ramic watch is lim­ited to 210 pieces, a ref­er­ence to the global limit of bit­coin, which is fixed at 21 mil­lion. The skele­tonised HUB1201 move­ment of­fers 10 days of power re­serve, a num­ber cho­sen to hon­our the 10-year an­niver­sary of bit­coin. Fi­nally, the blue calf­skin-lined rub­ber strap fea­tures a pat­tern in­spired by in­ter­con­nected com­puter net­works.

Each watch will bear the iden­ti­fi­ca­tion num­ber of the bit­coin trans­ac­tion, mak­ing it unique to its buyer. Han­dling the trans­ac­tion is dig­i­tal as­set bro­ker­age firm Oc­tagon Strat­egy Lim­ited, which will take care of pro­cess­ing cus­tomer data.

While Hublot is likely the first brand to of­fer a bit­coin-only watch, on­line re­tail­ers like Watch­box and Bit­di­als also ac­cept bit­coin for their range of lux­ury time­pieces.

And there’s still hope for the cryp­tocur­rency, see­ing as In­tercon­ti­nen­tal Ex­change, Nas­daq and Van Eck are plan­ning to launch bit­coin fu­tures soon.

Best to keep min­ing. Reg­is­ter your in­ter­est at www.hublot. com/ big-bang-meca-10-p2p-45mm/.

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