Brooks Brothers, which had held a place in the The Promenade at Sagemore in Marlton for a whopping 15 years, has closed as they relocate to the Cherry Hill Mall.
Cryptocurrency including bitcoin is still an evolving realm and one that is generally not understood by many of us. But that hasn’t stopped some cities across the country including Chandler; Reno, Nevada and Portsmouth, Virginia from offering its residents the opportunity to use cryptocurrency for paying municipal bills, for example.
Michele Bilbrey owns Suede Salon in Old Town Scottsdale. The salon accepts Bitcoin.
We talked with a Scottsdale small-business owner and one of the nation’s biggest nonprofits to learn how cryptocurrencies impact their bottom lines.
Suede Salon s Story
In Old Town Scottsdale, Suede Salon owner Michele Bilbrey seats clients in front of a big mirror with a small sign–just three words: Bitcoin accepted here.
If customers ask, Bilbrey tries to explain but she says mostly their reactions are, “Overwhelming. I don’t even understand it. Don’t even start because I will never get it.”
Simply put, a cryptocurrency is a digital form of money. But cryptocurrency is not simple. No national government issues a cryptocurrency and there are no physical coins or bills.