Are you in need of a face lift or liposuction? Thanks to one Beverly Hills plastic surgeon, you can now pay for your cosmetic procedure in cryptocurrency.
Beverly Hills Surgeon Has Agreed to Accept BTC Payments
Beginning in January of next year, Dr. Babak Azizzadeh – who runs the Center for Advanced Facial Plastic Surgery in Beverly Hills, California – will begin accepting cryptocurrency payments for anyone looking to fix up their bodies and improve their looks. He commented in a recent interview that he is truly taken aback by how much crypto adoption has grown over the past year, and that the beauty world has been particularly open to digital currency payments. He doesn’t want to fall behind, and thus is willing to give people wanting to pay for procedures with bitcoin or Ethereum a fighting chance.
Now is the time for my industry to accommodate patients who desire to use cryptocurrency for more and more of their day-to-day financial transactions, and this is a direction that most businesses will need to move towards. Cryptocurrency is not just an investment tool for enthusiasts, but a passion and cause. They want to be able to use it for goods and services as demonstrated by the story of Laszlo Hancyecz, who in 2010 paid 10,000 bitcoins to be able to purchase two pizzas!
The move is rather revolutionary in the sense that bitcoin and many of its altcoin cousins were initially designed to serve as payment tools when they first arrived on the financial scene. Unfortunately, this has been a slow journey given their vulnerability to price swings. They can move up just as easily as they can move down. These circumstances present the option for lost profits, which has caused many stores and retailers to say “no” to digital currency payments, and to a degree, we can’t really blame them.
Consider the following scenario: someone walks into a store wanting to pay with bitcoin for $50 worth of merchandise. For one reason or another, the store does not transfer the BTC into fiat right away. The next day, the price of BTC goes down, and that $50 is now worth $30. The customer gets to keep everything they bought, but the store has clearly lost money. Is this fair? Not everyone thinks so.
Digital Payments Have Come a Long Way
Dr. Azizzadeh says that things are really changing in the crypto payments department. He comments:
Now that there are reliable forms of digital wallets and a lot more transparency, it’s easier and safer than ever to accept cryptocurrency. Cryptocurrency and the blockchain backbone are the next phases of technology and will be a huge part of the way businesses [operate] in the future.
Trained at Harvard, Dr. Azizzadeh opened his practice – which is located on famed Wilshire Blvd. in Beverly Hills – in the year 2003.
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