Las Vegas, Nevada Becomes A Crypto-Friendly City For Bitcoin Businesses
Las Vegas is a very popular city with lots of attractions for tourists and individuals from all around the United States and the world. One of the major arterial downtown, East Fremont Street, was in a very bad situation just a few years ago, but the situation changed, and Bitcoin (BTC) was involved in its renaissance.
Bitcoin Helped East Fremont Street Grow Once Again
One of the main catalysts behind the economic growth of this area in the last year was the clothing retailed Zappos when it arrived in 2009. The founder and CEO of the company Tony Hsieh decided to place several millions of dollars in this area, helping it start to recover its magic.
Nonetheless, this was not the only catalyst behind East Fremont Street’s growth. Derek Stevens, a recognized Bitcoin supporter, and businessman decided to repurpose the downtrodden Fitzgerald Hotel. Later, it became a casino resort that is currently known as the D Hotel. This became one of the casinos accepting Bitcoin for users to play. Now, there are several casino properties that became a magnet for Bitcoin enthusiasts around the world.
It is worth mentioning that there are close to hundreds of Bitcoin ATMs in the region distributed all over the city. At the same time, there are other hotels that are already accepting Bitcoin and many shops and places. The luxury steakhouse on the second level of the D accepts the most popular digital currency as a means of payment as well.
Nonetheless, although Bitcoin is present in Las Vegas, Casinos might not accept Bitcoin on the gaming floor due to the regulations imposed by Nevada. Steven would like to open a new resort, which is expected to be the first in over a decade along Fremon street. The main question that he is now asking is whether the new resort dubbed Circa will accept Bitcoin or not.
The digital currency has expanded all over the world and people can already purchase hotel nights and flight using the most popular digital asset. There are some websites that have integrated Bitcoin and offer touristic services paying with Bitcoin. Currently, each BTC is being sold for $5,300.