Dublin Cleaners and New Albany Cleaners has announced it is accepting cryptocurrencies.
“We are investing in it personally. Why shouldn’t the business participate in what’s going on,” said Brian Butler, the president of Dublin and New Albany Cleaners. “I started to pay attention to it after Thanksgiving because it started to make a move. My wife and I invested ourselves in early January.”
The third-generation business went cashless a few years ago. The brick-and-mortar locations now have settlement modules similar to credit card terminals for cryptocurrency.
“It absolutely is like cash. It’s just digital cash. So we use Coinbase and they can handle either institutional or individual investment and purchase. And once you own it they can also handle exchange,” said Butler. “Since the value relative to the dollar is constantly influx the absolute second the transaction occurs… it will transfer exactly that amount of whatever cryptocurrency and I think we have about seven we can accept.”
Butler says no customers have used the service to date, and at some point, a minimum policy may be put in place, similar to a credit card.