On Tuesday (May 3), equinox group“an American luxury fitness company that operates several lifestyle brands,” has announced that it is accepting selected crypto assets for payment of membership fees on its Equinox gyms in New York City.
Equinox says it has started accepting cryptocurrency for payment, thanks to a partnership with crypto payment processor Bitpay, of the annual membership fee to its New York clubs.
BitPay, based in Atlanta, Georgia, was founded in May 2011 by Tony Gallippi and Stephen Pair. The goal was to “make it easy for businesses to accept bitcoin payments” and as of September 2013, more than 10,000 merchants accept Bitcoin (BTC) with the help of BitPay. Currently, the company claim (it is to be “the world’s largest bitcoin payment processor, serving businesses on 6 continents.” Its sponsors include Index Ventures, Founders Fund and Felicis Ventures.
The cost of the “Full Access Annual Membership” and “Destination Annual Membership” is $4,044.15 and $4,545.75 respectively. According to a Article Posted on the Equinox website, New York-based individuals can pay for both of these annual membership types with crypto (note that “information on other markets will be announced at a later date”).
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Apart from Shiba Inu ($SHIB), the other crypto assets BitPay merchants can accept are Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Wrapped Bitcoin (WBTC ) and five USD-pegged stablecoins (BUSD, DAI, GUSD, USDP, and USDC).
Equinox went on to say that to pay with crypto through BitPay, “before you pay” at https://crypto.equinox.comanyone thinking of joining needs to “get a pre-approved BitPay ID”.
Disclaimer
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing or trading crypto assets carries a risk of financial loss.
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