Home
News
- Equinox appears to be on the mend, with sales increasing by around 122 percent in the first quarter of this year. This is more than double the 60.9 percent increase it saw in the same period last year. Everyone appears to be eager to go back on the yoga mat and resume normal life.
- The action brings bitcoin’s and its digital cousins’ ambitions closer to realization. Several people forget that, while bitcoin and many of its crypto relatives have gained speculative or even hedge-like status in recent years, many of them were supposed to be used as payment systems at first.
- The store does not immediately convert the BTC into currency for some reason, and it takes roughly 24 hours. The price of BTC drops from there, and the $50 becomes $40. The buyer gets to keep everything they purchased, yet the store ends up losing money. Is this a reasonable scenario? Not everyone agrees.
If you’re a crypto enthusiast who enjoys running on the treadmill or bench pressing and pumping iron, Equinox might be worth a look. The company recently announced that it will accept crypto payments for gym memberships and items as a luxury fitness center in New York.
Equinox Now Accepts Cryptocurrency Transactions For memberships
The action brings bitcoin’s and its digital cousins’ ambitions closer to realization. Several people forget that, while bitcoin and many of its crypto relatives have gained speculative or even hedge-like status in recent years, many of them were supposed to be used as payment systems at first. They were designed to drive checks, credit cards, and fiat currencies to the side, but given the volatility that continues to drag them down, this has been a gradual process.
When it comes to bitcoin and its crypto family’s prices, it’s exceedingly difficult to predict whether they’ll rise or fall. When it comes to accepting cryptocurrency payments, many establishments and businesses have been hesitant to say yes.
Consider the following scenario: a customer enters into a store and pays $50 in bitcoin for products. The store does not immediately convert the BTC into currency for some reason, and it takes roughly 24 hours. The price of BTC drops from there, and the $50 becomes $40. The buyer gets to keep everything they purchased, yet the store ends up losing money. Is this a reasonable scenario? Not everyone agrees.
That is why companies like Equinox are so crucial. They recognise the original goals of bitcoin and digital currencies and are working to turn them into practical tools for common people.
ALSO READ – WBTC – A permissionless ERC-20 token on Ethereum
Restoring Order
Equinox is the first health club in New York to accept bitcoin and cryptocurrency payments. The organization has been receiving these payments since early May, and in a statement, it stated that it is searching for clients that are physically and digitally healthy. To handle future payments, the company has teamed with Bit Pay, a digital currency payment company that specializes in processing transactions involving bitcoin, Ethereum, Litecoin, and other digital currencies.
During the coronavirus pandemic of 2020 and 2021, Equinox and many other gyms across America suffered greatly. Equinox appears to be on the mend, with sales increasing by around 122 percent in the first quarter of this year. This is more than double the 60.9 percent increase it saw in the same period last year. Everyone appears to be eager to go back on the yoga mat and resume normal life.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
