Large Museums in The US Embracing Cryptocurrency

In the US, not only independent businesses, but major institutions are slowly opening up to cryptocurrency.

One of the US cities with a fast growing blockchainecosystem is Cleveland.  This year, the city is hosting the Blockland Cleveland, a blockchain-based conference, and is a home for Blockland Cleveland, a $150 million blockchain technology incubator.

Starting November 13, the Great Lakes Science Center in Cleveland started accepting Bitcoin as payment. The news was first reported by a local business news source Crain’s Cleveland Business (CCB).

The Great Lakes Science Center is a large museum and educational facility that focuses on science, technology, engineering, and math (STEM) and is located in downtown Cleveland, OH. Kirsten Ellenbogen, the museum’s CEO, noted that they chose to accept cryptocurrency payments to foster the local blockchain community.

“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,” said Ms. Ellenbogen.

The museum will use BitPay, a global Bitcoin payment service provider to process the Bitcoin transactions. Museum visitors can use their phone to pay for the entrance free in Bitcoin and besides the museum itself can also visit the NASA Glenn Visitor Center.

The Great Lakes Science Center is not the only museum in the US to accept Bitcoin payments. The St. Petersburg Museum of History in Florida has been accepting Bitcoin since 2013. And reportedly the Museum of the Coastal Bend in Texas have long been accepting Bitcoin, too. In fact, it was the first public museum in the world to start accepting Bitcoin. However, we couldn’t confirm whether it still does so.

At the time, in 2013, a museum spokesperson said:

“I have to admit, I’m skeptical that anyone will visit and use BTC. But it doesn’t cost us anything to try, and it’s pretty cool to say that we’re the first. Also, admission is pay-what-you-want, in case anyone was wondering how many of their hard-earned BTC they would need to spend here.”

Slowly big institutions around the world are warming up to crypto assets. Earlier, New York Stock Exchange owner recognized Bitcoin as a viable asset and decided to dive into the burgeoning cryptocurrency market.

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