In 2017 mainstream media was introduced to Bitcoin, as the cryptocurrency market erupted. As the cryptocurrency continued to grow, investors grew tiresome of not being able to purchase things with their digital tokens. You are now able to purchase homes, vehicles, flights, NBA tickets, plastic surgery, funerals and household appliances with Bitcoin. Now, a Las Vegas strip club is the newest business to accept the digital token for its services.
The Legends Room opened back in May of last year. The adult entertainment club has an in-house Bitcoin ATM, and its patrons can purchase the cryptocurrency immediately. The Legends Room dancers have the opportunity to wear a temporary QR barcode tattoo that’s connected to a cryptocurrency wallet address. This barcode can be scanned on a smartphone, and the digital tokens can be distributed immediately.
The club decided to start implementing this when cryptocurrency prices began to rise and wanted to stay up-t0-date with the technology. This technology allows the dancers the privacy of their profession by not having to explain to the banks why they are depositing large amounts of cash. One of the entertainers at the club explained that she had her account shut down and some banks won’t allow workers in this field to open accounts with them.
By choosing to pay in cryptocurrency, the club offers a 20 percent discount, and it also benefits the workers as it encrypts their payments. The Legends Room now holds their own cryptocurrency named LGD. The club owner, Nick Blomgren, told LasVegasNow:
“In the beginning it was like a lot of bitcoin guys came in, a lot of LGD members came in and wanted to use their LGD to see if they can buy anything here at the club because nobody really thought that the club existed in the beginning – So now it’s, it’s become like curiosity. Let’s go down there and see if we can use our cryptocurrency.”
What other sector do you see cryptocurrency breaking into?
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