Should tattoo artists accept crypto money as a payment worldwide?
This article aims to consider crypto money as a means of payment in the tattoo industry.
During the last months, I’ve noticed that more artists, as well as different shops and services offering cryptocurrencies as an option for payment. For instance, taxi services in the UK, travel agencies — such as Expedia have started to accept cryptos as payment. From small private shops to big retailers’ shops, crypto imposes a new way of payment, including new locations. Following the latest trend about NFTs, more artists are getting in touch with crypto money. Further, the interest in NFTs is still growing in a variety of art mediums. The tattoo world is increasing in the number of artists showing enthusiasm in crypto as payment. Even if the digital currency is constantly changing, the interest in crypto payment continues. Going further, I discovered that several tattoo artists have accepted crypto since 2017. As an example, Oliver London — a tattoo based in London, offers a 20% discount on the tattoo if the client pays with bitcoin.
In general, the most popular form of payment in the tattoo industry is cash. The boom of cryptocurrency and the facility of transferring digital money through the phone could be an advantage for the near future of all the artists, including myself. Working in the tattoo field, I have rarely heard about payment for the tattoo in crypto money. However, asking co-workers and friends, many of them would like to get paid this way. Along with the new generation of young aficionados of tattoos involved in the crypto money, the trend is about to start.
The Crypto world is constantly changing and rapidly expanding. Since this is happening, the communities themselves are also evolving with new digital currencies being created. The development reflects the people’s interest to get out of the basic economic system and to gain knowledge in new technologies. Interest in the blockchain won’t stop in the future as countries are moving into the encrypted line of blockchain, as the United Arab Emirates, Georgia and Sweden are confirming to encrypt the information in this line.
Additionally, cryptocurrency gives autonomy to its users, it is free from mediators such as banks, government, and institutions. Following this, there is no restriction towards international transfers and resulting in very low banking fees. It also results in discretion, the crypto transaction cannot be traced as for example bank transfers- it gives anonymity to its users.
The digital currency landscape is developing, with most of the tokens being unverified as a method of payment. The one who uses it should be aware of their advantages and disadvantages. To sum up, cryptocurrency is created to offer an attractive set of benefits over the other payment methods.
Sources:
https://www.investopedia.com/ask/answers/100314/what-are-advantages-paying-bitcoin.asp
