Bitcoin has made yet another step in the right direction towards mass adoption thanks to a museum located in Cleveland, Ohio that will be taking payments in crypto as from November 13. Great Lakes Science Center, the museum in question plans to use BitPay to process the BTC payments that it will be receiving from the visitors who will want to pay in BTC.
According to the Kirsten Ellenbogen, the museums chief executive, by accepting payments in BTC this early on, the institution hopes to facilitate the growth of the blockchain ecosystem. Moreover, there is much more optimism with regards to blockchain technology thanks to a number of promising developments. For instance, a Swiss luxury watchmaker known as Hublot successfully integrated the bitcoin and the blockchain to sell 210 pieces of its limited edition BTC-themed sports watch – the company made a whopping $5.25 million in revenue from the sales that were conducted solely through BTC with each piece fetching no less than $25,000.
The adoption of the digital currency as a means of payment comes ahead of the museum and education center’s inaugural Blockland Solutions Conference which is a four-day event scheduled for December 2018. One of the core agenda of the conference will be to explore and educate the attendees about the future of blockchain technology.
“There is a lot of excitement around the conference. Accepting bitcoin is just a small part of the momentum to grow a blockchain ecosystem in Cleveland,” Ellenbogen said.
Tried and Tested
Fortunately, the Great Lakes Science Center will not be venturing into unknown grounds since two other casinos in the United States – Museum of the Coastal Bend in Texas and St. Petersburg Museum of History in Florida – have succeeded in integrating bitcoin as a payment system. When it kicked off the initiative in 2013, the Museum of the Coastal Bend’s officials were quite skeptical about anyone visiting and using BTC but they went ahead with it because there really wasn’t as much risk.
Five years down the line and bitcoin has become quite a big deal and is worth upwards of $110 billion. The digital currency is also considered to be a proper asset by mainstream institutions such as Nasdaq, Fidelity, ICE and even the New York Stock Exchange. The Great Lakes Science Center hopes to also tap into the ecosystem with its own set of unique offerings that will include the ability to purchase admission tickets to visit NASA’s Glenn Visitor Center.
All this will be possible through an app that the museum launched a year ago. The app utilizes augmented reality and virtual reality to allow visitors to experiment with various elements of space phenomena such as flames and space-craft designs when they visit the Glenn Visitor Center.
Such developments are clear proof that the integration of trusted or major digital currencies like bitcoin is the new trend in the global market.