An auto service shop in Milwaukee, Wisconsin, is now accepting Bitcoin and other crypto-currencies, local network ATM4 reported today.
Bitcoin for more details
Called “Detail Doctor’s,” the store launched crypto services yesterday and is already enjoying a favorable reception.
The shop uses Coinbase merchant services to accept payments and will take Bitcoin, Ethereum, USD Coin, Litecoin, DAI, and Bitcoin Cash.
On day one alone, a $ 500,000 Lamborghini, Maserati and Cadillac entered the store. “Wisconsin has the supercars,” commented Gene Vicari, a co-owner. The store specializes in servicing luxury cars, but all cars are allowed to use the services.
As such, the move comes as store owners believe crypto adoption will only increase in the years to come. “We wanted to stay one step ahead and things change every day,” said co-owner Donato Salvo. “That one day I would think (he) would be registered with the Federal Reserve,” he added.
Services, from hot washing and shampooing to exterior and interior details, are by appointment only and prices vary depending on what guests want to do.
Crypto payments are catching up
Crypto payments are catching up fast around the world as business owners start to accept more ring forms of money (there is also the benefit of crypto mooning over the next decade and the payouts are hugely profitable).
The adopters are varied. Of Mark Cuban’s NBA team, the Dallas Mavericks– who started accepting Bitcoin earlier this year – at Hong Kong Restaurants– Casual Japanese restaurant Okra accepts cryptos like Bitcoin and Binance Coin – a small but growing cohort of business owners are avoiding volatility risks in the name of adoption.
“The main thing I saw last year during the pandemic was that traditionally most restaurants and most small producers don’t have savings,” Okra owner chef Max said. Levy, adding that keeping the savings in cryptocurrency meant he could capture the ‘high rewards while accepting the risks.
“If we kept only a small portion of our income, even if it’s only 1% of our monthly income, in some form of crypto, then yes, it’s a risk that crypto currency may fall, but it is also a possible high reward even if these currencies only increase by 3 or 4%, ”he explained at the time.
But with the cheers come the tears. Crypto markets have fallen 50% over the past month, and only time will tell if such adoption is long-term or a claim to fame short-lived.
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