BITCOIN ENTERS THE LUXURY WEDDING MARKET
A Northumberland entrepreneur who owns two luxury wedding venues in the North East has decided to start accepting the popular cryptocurrency at his wedding business following his recent investment in Bitcoin.
Entrepreneur Richard Shell, who recently won Best Rural Diversification at the 2017 North East Rural Awards, is beginning to start accepting the revolutionary currency at his two premium wedding venues - Charlton Hall and Doxford Barns. This move will turn him into the first multi-venue operator to accept this new form of payment in the UK.
According to a research study carried out by Cambridge University, around 5.8m people currently use virtual currencies such as Bitcoin, which is the most popular to this day.
The average cost of a wedding at one of Shell’s venues is around £15,000.00, which would be equivalent to 3.5 Bitcoins.
“My enterprising personality naturally makes me want to bring something new and different to the table for the ventures I invest in,” said Shell. “In this instance, I’m embracing technology and responding to emerging trends by offering clients the opportunity to pay in bitcoin so we can develop and enhance the service we provide.”
“Large companies have been accepting payment in cryptocurrency for years now and it’s becoming more commonplace to transact in this way. With online marketplaces also opening up their options, we need to embrace this movement if we’re serious about what we do.”
“The market in which we operate has already seen clients pay for wedding suits and dresses in bitcoin, so by accepting the same, we’re improving our service and convenience in a way that positions our brand leaps ahead of the competition. This marks an incredibly exciting and very important time for the company.”
Source: Chronicle Live