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Why Small AZ Business, Salvation Army Like Cryptocurrencies


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. ....

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