Is the world’s oldest profession embracing cryptocurrency? It definitely sounds like.
“We have some of the richest men in the world coming in and out of my brothels” Bunny Ranch owner Dennis Hof said in a press release. “Our high dollar clientele is accustomed to getting anything they want here, so when I started hearing requests from them to look into accepting bitcoin, I took those suggestions very seriously.”
Hof argues that not only is cryptocurrency more discreet than credit cards, this method of payment could also decrease security concerns that come with large money transfers.
“Friends of mine, like Heidi [Fleiss, former Hollywood madam] have been trusted with a lot of powerful secrets, and the anonymous nature of Bitcoin is a natural fit for people who have much to lose if their private matters were to ever fall into the wrong hands,” Hof said.
“We have guys carrying duffle bags full of cash right up to our cashier’s window, and we’ve had to install a safe the size of Fort Knox to hold it all,” he added. “Not that I mind good old fashioned cold cash, but Bitcoin is making it so much more practical for those same clients to live out their sexual fantasies here at the Bunny Ranch without literally having to carry a lot of excess baggage.”
Hof, who owns seven legal brothels throughout Nevada, did not provide any details about when the Bunny Ranch might begin accepting cryptocurrency. If it does decide to get in on the craze, it would join a growing list of companies—like Hooters and Kodak—that have embraced blockchain technology.
Bitcoin, one of the most popular and recognizable cryptocurrencies, has had a rollercoaster of a year. After experiencing an upswing throughout 2017, prices have fallen by nearly 20 percent since the beginning of 2018. On Tuesday, it was reported that the price of bitcoin had from $20,000 last week to about $11,300—a dive that has been attributed to South Korea's recent announcement about a potential crackdown on cryptocurrency.