Reason to trust
How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Eight businesses in Cleveland, Ohio are apparently coming together to form what has been called ‘Bitcoin Boulevard’.
The term, which hasn’t seen its first use in this circumstance describes a vicinity in which a number of merchants within close proximity accept digital currency payments.
In this case, the businesses involved are said to be: Sweetie Fry, Mitchell’s Fine Chocolates, Shawn Paul Salon, The Tavern Company, Revive, Parnell’s Pub, The BottleHouse, and The Katz Club Diner.
This information comes from Cleveland Heights-based Nikhil Chand, who works as bitcoin consultant in the area, reports Cleveland.com.
These businesses could begin accepting bitcoin as soon as the 1st of May.
A user on social sharing website Reddit.com shed some light on the area in which this Bitcoin Boulevard is to exist, calling it “very trendy” and populated with “a much younger crowd that is pretty well understanding of technology,” so this shouldn’t come as a surprise.
The Boulevard could have tremendous positive impact for consumers in the local area, offering simple, streamlined transactions and saving the merchant on exorbitant fees charged by credit card processors.
It also offers impressive consumer security.
“When you hand someone your credit card, you are giving them all your personal information,” Chand says. “You don’t do that with Bitcoin.”
The last time we’ve heard of a Bitcoin Boulevard was in early March, when a number of businesses (namely bars and restaurants) on the World Canal in The Hague, Netherlands began accepting bitcoin payments.
This is the first Bitcoin Boulevard to be formed in the United States, though a good number of small businesses have already adopted bitcoin across the country.
[textmarker color=”C24000″]Source(s)[/textmarker] The Crypto Crimson, Cleveland.com / [textmarker color=”C24000″]Image[/textmarker] Rob Sinclair
