I appreciate the innovation. I’d be curious how much of this is a marketing scheme versus something that actually improves profit. It seems like it would be beneficial to reduce credit card fees. I’m sure that all the cash gets reported to the IRS, as would all the Bitcoin.
If you’ve amassed a fortune in Bitcoin and don’t know how to spend it, here’s an idea: Go to Las Vegas and squander it all on booze and lap dances.
Legends Room is a “gentleman’s club” that accepts Bitcoin, Ethereum, and its own cryptocoin LGD for all transactions.
That means you could go there on August 26 to watch the boxing bout between boxer Floyd Mayweather and MMA fighter Connor McGregor, and pay for everything with bitcoins.
The basic experience is in the main room of the club, which is open to the public and charges $150 (payable in crypto) to watch the fight. If you opt for the members area, you need to own 5,000 LGD tokens (if you don’t have them, you can rent them at the entrance). And if you don’t really care about this crypto business, you can pay for everything in cash and credit card.
The current price of the LGD token on Bittrex is about $2.15 per token, but you know how it is with these volatile cryptocurrencies — prices could go up or down before the event. The token itself doesn’t appear to have any technical advantages over similar cryptocoins, but ownership nets you significant discounts on drinks and club services.
The lap dances are where it gets interesting. During the event, dancers will be wearing a strategically placed temporary tattoo with a QR code. If you want to tip a dancer, wave the phone over the tattoo, and voila, you’re doing Vegas, crypto-style.
If you’re still unsure whether all this is too adult-only to bring your underage nephew along, keep in mind that the place will be teeming with porn stars during the event, including Jesse Jane and Tasha Reign.