Bitcoin continues to gain notoriety, and if you’re the gambling type and own bitcoin, there’s probably not a coincidence there. Investing in bitcoin has been quite the gamble over the last year or so as prices have volleyed up and down. Now bitcoin owners planning a trip to Las Vegas can spend their digital currency in two of the casinos there, according to Business Insider.
D Las Vegas Casino, Golden Gate become first to take bitcoin
As major retailers like Overstock.com, Inc. (NASDAQ:OSTK) continue to embrace bitcoin one by one, it was only a matter of time before casinos decided to get in on the action. Now the Golden Gate Hotel and Casino and the D Las Vegas Casino Hotel have announced that they will be the first casinos in Sin City to start accepting bitcoins as payment. Both of the two casinos are owned by the same company, and both of them will be processing their bitcoin transactions through BitPay.
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Management at the casinos said they decided to start taking the digital currency after several customers asked them about paying with bitcoin. They also said it will be accepted at five different locations in the casinos, including the front desks of both hotels, a gift shop and an Italian restaurant.
Controversy about bitcoin continues
It may be considered fitting that the Golden Gate casino is one of the first in Las Vegas to start accepting bitcoin. The casino is the city’s oldest, and this wouldn’t the first time it was the first to embrace technology. The Golden Gate was the first casino in Las Vegas to have a telephone back in 1907.
Meanwhile, the debate about bitcoin continues, however. Criminals used the digital currency a lot in the beginning of its life because of its untraceable nature, but it has gradually made its way into the mainstream, capturing the imagination and interest of techies, investors and regulators.