San Francisco's Gold Club Begins Accepting Bitcoin

San Francisco's Gold Club has expanded its payment options by starting to accept Bitcoin payments for entertainment, dining and drinks to cater to its tech-conscious customers.

"Gold Club consistently seeks new, innovative ways to deliver an exceptional guest experience. Accepting cryptocurrency as a form of payment is just the latest in a myriad of guest-centered amenities offered by the famed gentlemen's club," the company said in a statement released Tuesday.

Axel Sang, Marketing Director for Gold Club, said, "Gold Club is excited to engage the Cryptocurrency community, as this method of payment is generally more secure, faster, and carries lower fees for our customers. The future is here!"

Gold Club is one of the top-rated adult entertainment venues in San Francisco, CA. The after-hours nightclub features the very best in exotic dancing, as well as a full bar and dining menu, bottle service and more, the statement mentioned.

Cryptocurrencies are becoming mainstream day by day with retailers showing more interest in accepting them as payment options.

A new report has stated that three-quarters of U.S. retailers plan to accept cryptocurrency or stablecoin payments within the next two years.

"Nearly three-quarters of those surveyed reported plans to accept either cryptocurrency or stablecoin payments within the next 24 months," Deloitte’s “Merchants Getting Ready For Crypto” report, which was released last week, said.

About 87 percent of the merchants surveyed agreed that organizations accepting digital currencies have a competitive advantage in the market.