Bitcoin Meets Brothels at Nevada’s Bunny Ranch
Originally published on: BTCMANAGER
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January 26, 2018
Presently, the Bunny Ranch, the well known Las Vegas brothel, is hoping to take advantage of the new craze. The setting of the HBO show “Cathouse,” The Bunny Ranch reported it “is the latest retailer to get on board the Bitcoin bandwagon,” due to growing interest in digital forms of money.
Dennis Hof said that his brothels are right now mulling over various ways to take bitcoin as a new method of payment for services:
“We have some of the richest men in the world coming in and out of my brothels,” Hof said in an official statement.
“Our high dollar clientele is accustomed to getting anything they want here, so when I started hearing requests from them to look into accepting Bitcoin, I took those suggestions very seriously.”
Hof claimed that more than a few clients have consistently been demanding more information about bitcoin as of late, out of around 100 clients for every day. “We are the official brothel of Silicon Valley,” he said. “These people are demanding it.”
For the time being, Hof will likely process the bitcoin transactions just like a card payment and after that pay the 540 female escorts a standard sum in dollars. The escorts themselves would not take any cryptocurrency for their work. This implies they won’t gain any of the benefits of bitcoin payments, such as avoiding discrimination from financial institutions.
Hof additionally disclosed to the outlet International Business Times that “big players in the bitcoin industry” moved toward him with offers to help dispatch his cryptocurrency for his brothel. His legal group is investigating these offers. “We’re definitely digging into it,” he said.
Other Nevada organizations, for example, The Legends Room, officially offer escorts the decision to be paid in dollars or cryptocurrency. That club is likewise inquisitive about other blockchain systems, for example, Ethereum and Ripple’s XRP. Hof intends to begin with bitcoin and oversee the business itself since brothels have strict laws contrasted with strip clubs.
“We’re a very high profile business worldwide. So we can’t screw this up,” Hof said. “The girls are really excited.”
Bitcoin risked a great deal when it was the money of the dark web for payments. The obscurity, the global exchanges, the speed and efficiency of everything made it ideal for illicit purchases. It was utilized to purchase a wide range of things from the shady underbelly of the Internet, yet now, as it has ventured into the light, its picture has changed. These days, the digital currency represents a considerable new asset for the Wall Street financial analyst, rather than the illegal arms merchant.
The aspects that made it an accomplishment in a hidden world remain. What’s more, as a direct result of this, it seems that it is coming full-circle, again being the method of paying for sex. Obviously, this is another time and a significantly less dark circumstance, however, the manner by which Bitcoin moves is demonstrating its flexibility to corner and re-corner all parts of the market.