Who knows, maybe every Vancouverite will be investing soon enough! Whether you plan on participating in the world of decentralized currency or not, it’s undeniable that it’s incredibly cool that Vancouver is trailblazing the world of crypto. So, unless you’re a seven-figure cryptocurrency fanatic, you’re likely not the target audience. Still not down to pay with Dogecoin? Ho says “there are… crypto-millionaires in Vancouver” who are “quiet about it”, but very ready to have a physical location to spend their money. One of the students Sophie Storzer stated, “I know some people are really into it… but it’s just not for me.” That being said, Enso and the Plug Vancouver have partnered on events in the past, so maybe young people will get more comfortable with the currency as they’re exposed to it. Two UBC students admitted despite not knowing much about crypto, they can’t see the innovation changing their clubbing experience much. “giving real-world utility really gives a huge opportunity to Enso… it’s a great way to involve that community.”Īiken and Ho believe that this could be the future for payment in nightlife, but of course, that’s if party-goers are actually interested. Koji Aiken performing a set at Enso nightclub. Founder of Kumo Promotions and local DJ Koji Aiken thinks “giving real-world utility really gives a huge opportunity to Enso… it’s a great way to involve that community.” He’s also noticed the excitement around the decentralized currency, and says “there seems to be a lot of hype and buzz around the NFT and crypto community right now, and getting them involved in nightlife is a huge step in pushing it all forward.”
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The transactions will be made via a QR code that transfers the customer’s payment to Enso’s account.īuzz about this new innovation has certainly made its way around the entertainment industry, and it’s not just Ho who is excited.
Coins that will be accepted include Bitcoin, Ethereum, HBAR, SRT, Solana, and even Dogecoin. Enso will charge a 20% “crypto fee” on all crypto transactions to cover any fees incurred because of fluctuations in value or needing to exchange the currency. Ho says that despite crypto being in a bear market (in consistent decline) right now, he’s done extensive research about the volatility of the currencies and isn’t worried. It’s worth noting that adding cryptocurrency as an accepted form of payment is not easily adoptable, which is likely why Enso is one of the first of its kind to offer this service.ĭespite being popular among a massive audience, the cryptocurrency market has actually taken a hit over the past few months. The CEO and founder of Enso, Stanley Ho, says he’s “been observing cryptocurrency for a while” and that it will bring out “hidden spenders who invest their money into crypto” to his venue. Starting this May long weekend, Enso nightclub will be the first venue in Canada to accept cryptocurrency as a form of payment for table service. According to the founder of Enso nightclub Stanley Ho, now might be the time to learn. It’s referenced constantly in media, pop culture, and music, even though most of us aren’t aware of how it actually works. Photos courtesy of Oliver Moes-Okun.Įver found yourself wishing you could pay for bottle service with a digital currency maintained by a decentralized system? While you likely haven’t, you probably have noticed that cryptocurrency is everywhere.
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