A Las Vegas strip club stated that it will now accept Bitcoin payments and become the first major entertainment venue in this American city known for its gambling centers and nightlife to show trust in highly volatile digital currencies. The club, called Crazy Horse 3, works with a Bitcoin payment processor to allow customers to purchase VIP bottle packages online through its website. The club stated that it plans to start accepting cryptocurrency for food and beverages, retail, admission, and “dance dollars” for lap dance and artist tips “in the near future.”

This high-end strip club is just steps away from Allegiant Stadium, home of the Las Vegas Raiders NFL team, and aims to provide them with “more purchasing power.”

Cision quoted Crazy Horse 3 public relations staff Lindsay Feldman as saying: “We are accepting the opportunity to accept Bitcoin in order to provide our guests with convenience, first-class hospitality and a higher level of anonymity.”

Feldman said that the partnership with OpenNode enables them to cater to technology-savvy customers through a seamless and secure payment platform.

When the strip club decided to accept Bitcoin, the world’s largest cryptocurrency lost nearly half its value due to two back-to-back cryptocurrency market crashes. Nevertheless, experts believe that the amendment has stabilized the cryptocurrency, and as its popularity and demand gradually increase, it will rise again in the future.

The price of Bitcoin hit a record high of approximately USD 65,000 (approximately Rs 4.73 million) in April 2021. Then it crashed. According to CoinDesk, at the time of writing this report, the transaction price was US$31,941 (approximately Rs 2.381 million).

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There are also concerns about the use of fossil fuels in Bitcoin mining, which brings negative publicity to cryptocurrencies and forces investors to reconsider.

Interested in cryptocurrency? We discussed everything about encryption on the Advertisement Shout podcast Orbital with Nischal Shetty, CEO of WazirX, and Alok Jain, founder of Weekend Investing. Orbital can be used on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get podcasts.
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