Luxury health club Equinox to start accepting cryptocurrency payments in NYC

New Yorkers who need to get in form for the summer season will quickly be capable to pay for an Equinox membership with cryptocurrency, The Submit has discovered.

The luxurious well being membership will grow to be the primary health club within the Massive Apple to permit members to pay their membership price in digital foreign money, a supply instructed The Submit on Sunday.

The health club is anticipated to announce the choice to just accept crypto funds on Monday.

Equinox desires to fulfill members “the place they’re each digitally and bodily” and is partnering with BitPay, a significant bitcoin and crypto cost service, the supply stated.

The choice comes as gyms have all however recovered from their main pandemic hunch. Equinox stated gross sales have been up 122% in Q1 when in comparison with Q1 in 2019 and Crunch gyms instructed The Submit its gross sales are up 60.9% in Q1 in comparison with the identical timeframe. 

Equinox, which prices upwards of $250 per 30 days, is hardly the primary luxurious model to start out permitting prospects to pay in cryptocurrency.

In March 2021, Tesla CEO Elon Musk stated anybody within the US may pay for his or her electrical car in Bitcoin, and he even began accepting Dogecoin for Tesla merchandise.

According to a source, Equinox is partnering with bitcoin and crypto payment service BitPay.
In accordance with a supply, Equinox is partnering with crypto cost service BitPay.
REUTERS/Dado Ruvic/File Photograph

Final summer season, the San Jose Sharks grew to become the primary NHL crew to permit followers to make use of Bitcoin to purchase season tickets and suite leases. 

This previous February, Uber CEO Dara Khosrowshahi stated the ride-hailing app will “completely” settle for cryptocurrency as cost sooner or later.

Even Constancy introduced final week that it created a means for staff to funnel a few of their 401k contributions to Bitcoin.

Equinox’s choice comes at a turbulent time for Bitcoin, which may quickly hunch to $30,000 as buyers transfer money from speculative property to safer bets, market watchers instructed The Submit in April.

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