8.00am MORNING HEADLINES
Good morning, and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime.
Over the last year, there has been no end of discussion about how cryptocurrencies and bitcoin-related technology will enter mainstream use, in people’s day-to-day lives.
Most of the discussion has focused on the financial services but perhaps there is another more obvious early adopter for the innovative technology.
A number of the firms (Steam, Stripe) that were once happy to accept Bitcoin payments have now back-tracked, asking questions of BTC’s future use as a method of payment.
However, one firm that seems to be making a success of crypto payments is a Las Vegas Gentleman’s club called the Legends Room. As such, local news channels have come knocking, wanting to speak to founder, Nick Blomgren, as well as a number of the dancers about the use of crypto payments in his establishment.
The Legends Room is innovative in that visitors can use the in-house bitcoin ATM to buy cryptocurrency at the club. The dancers then wear temporary QR tattoos as wallet addresses that can be scanned on a smartphone.
On the popularity of using cryptocurrency, one Brenna Sparks said, “The people that come here, they are like really into crypto. I feel like it’s very smart. They are really into that.”
Gentlemen looking to ‘tip’ the dancers have the advantage of keeping the transactions off their joint account bank statements, while the dancers, according to bitcoin.com can better control their financial affairs and avoid potential problems with prudish banks.
One Summer Chase is quoted in the article as saying that, “there are certain banks that… will shut down your account and actually deny you from having an account because we work in the adult entertainment industry”.