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This US strip club in Las Vegas becomes the first entertainment venue to accept bitcoin

A Las Vegas strip club has said it will now accept payments in Bitcoin. It has become the first major entertainment venue to do so in a US city known for its gambling centers and nightlife. By doing so the club has shown confidence in the highly volatile digital currency. Club named Crazy Horse 3 has teamed up with a bitcoin payment processor to allow customers to buy VIP bottle packages online through their website. The club said it plans to start accepting cryptocurrency for food and drink, retail, admission, and “dancing dollars” for lap dance and recreational tipping in the near future.

The 40,000-square-foot upscale strip club just steps from Allegiant Stadium, home of the Las Vegas Raiders NFL team, aims to give more purchasing power to global travelers flying to conventions, entertainment concerts and sporting events. Crazy Horse 3 publicist Lindsey Feldman is quoted by Cision as saying, “We are taking the opportunity to accept bitcoin as the next level of convenience, first-class hospitality, and anonymity for our guests.”

Feldman said the partnership with OpenNode allows them to cater to tech-savvy customers with an intuitive and secure payment platform. The strip club’s decision to accept bitcoin as payment comes at a time when the world’s largest cryptocurrency has lost nearly half of its value due to two back-to-back cryptocurrency market crashes. Yet experts believe that a mild correction in prices has stabilized the cryptocurrency and that it will rise again in the future as its popularity and demand gradually increase.

The price of bitcoin touched an all-time high of around $65,000 (approximately Rs 47.3 lakh) in April 2021. Then the market crashed. According to CoinDesk, at the time of writing this report, it was trading at $31,941 (roughly Rs.23.81 lakh). There is also concern about the use of fossil fuels in bitcoin mining. Which has given negativity to cryptocurrencies and forced investors to rethink before investing in digital currency.

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Damini Sharma
Experienced Senior Content Writer with a demonstrated history of working in the information technology and services industry. Skilled in SEO Copywriting, Web Content Writing, Storytelling, Blogging, and Social Media. Strong media and communication professional with a mass communication focused in Journalism from Sjmc davv indore.
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