A Las Vegas strip club says it will now accept Bitcoin payments, becoming the first major entertainment venue in the American city, known for its gaming centers and nightlife, to show faith in the highly volatile digital currency. The club, named Crazy Horse 3, has partnered with a Bitcoin payment processor, which allows customers to purchase VIP bottle packages online, through its website. The club said it plans to start accepting cryptocurrency for food and drink, retail, admission, and “dance dollars” for lap dances and artist tips “in one. near future”.
Located just steps from Allegiant Stadium, home of the Las Vegas Raiders NFL team, the upscale 40,000 square foot strip club aims to attract travelers from around the world who come to conventions, entertainment concerts and sporting events by giving them “more purchasing power”.
“We take the opportunity to accept Bitcoin as a means of providing first class convenience, hospitality and an added level of anonymity for our guests,” said Lindsay Feldman, Crazy Horse 3 publicist, as quoted by Cision.
Feldman said the partnership with OpenNode allows them to respond to tech-savvy customers with a transparent and secure payment platform.
The strip club’s decision to accept Bitcoin came at a time when the world’s largest cryptocurrency has lost almost half of its value due to two consecutive cryptocurrency market crashes. Still, experts believe the correction has stabilized the cryptocurrency and will rise again in the future as its popularity and demand gradually increases.
The price of Bitcoin had hit an all-time high of around $ 65,000 (around Rs. 47.3 lakh) in April 2021. And then it crashed. At the time of writing, it was trading at $ 31,941 (around Rs. 23.81 lakh), according to CoinDesk.
There is also concern about the use of fossil fuels in Bitcoin mining, which has given the cryptocurrency negative publicity and forcing investors to reconsider their decision.