LAS VEGAS (FOX5) — Las Vegas Valley businesses are accepting Bitcoin as payment as the cryptocurrency continues to grow in popularity, from restaurant chains like Steak and Shake to small businesses like a juice bar in the southwest valley.

Small businesses embrace digital payments

At Cane Juice Bar and Cafe on Rainbow near Windmill, district manager Tyler Peterson serves fresh pressed sugar cane juice. It can be paid for with cash, card or Bitcoin.

“It’s been about 8 months now that we’ve had Bitcoin implemented as a payment,” Peterson said. “Bitcoin is getting very popular with mainstream people, not just the people that are actually into things like cryptocurrencies… it’s just something to help us move forward.”

Peterson said customers who normally wouldn’t know about his shop come in specifically to use Bitcoin.

“Absolutely, yeah. I get calls all the time. People come in, they inquire and they ask me if we’re accepting Bitcoin,” Peterson said. “So actually some customers we have generated off of accepting Bitcoin… That Bitcoin map is helping us out a lot.”

Simple payment process

Jeremy Querci, a Bitcoin consultant with Sovreign, said businesses accepting Bitcoin range from medical practices to juice bars to children’s play places. Querci explained paying with Bitcoin is simple and requires just a few taps on a phone.

“At the time of checkout, you say you want to pay in Bitcoin and the business can bring up a QR code that you scan with your phone with any Bitcoin app,” Querci said.

“It’s one of those things where it’s going to get easier and easier to use. It’s the future,” Peterson asserted.

Processing fee advantages

In November, Square enabled roughly 4 million merchants across the US to accept Bitcoin payments with zero processing fees through 2026. Businesses can avoid credit card processing fees, which average 2.5 to 3.5 percent, by using Bitcoin.

People can find businesses accepting Bitcoin through Bitcoin maps or through Cash App.

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