Lee Road Businesses Embrace Digital Currency: “Bitcoin Boulevard US”
Nikhil Chand, Founder, CoinNEO
Lisa Dunn, Owner, Revive
2248 Lee Road
Cleveland Heights, Ohio
Kevin Monroe, Owner, Monroe Constructs
Full List of Participating Merchants: www.bitcoinboulevard.us
Cleveland Heights, Ohio: Effective May 1, 2014, several Lee Road businesses will accept bitcoins as payment from customers. Branded as Bitcoin Boulevard US, Lee Road joins Bitcoin Boulevard NL (The Hague, Netherlands) as a global destination for Bitcoin commerce and community.
Bitcoin Boulevard US merchants include: Sweetie Fry, Mitchell’s Fine Chocolates, The Wine Spot, Shawn Paul Salon, The Tavern Company, Revive, Parnell’s Pub, The BottleHouse, and The Katz Club Diner. Service oriented businesses accepting Bitcoin include Monroe Constructs and CoinNEO.
Bitcoin Boulevard US is presented by CoinNEO, a Bitcoin consultancy founded by Cleveland Heights resident, Nikhil Chand. Early in 2014, Chand successfully led Lee Road’s The Wine Spot in becoming one of Cleveland’s first Bitcoin-friendly retail merchants.
Chand explains, “The Wine Spot’s experience generated interest by neighboring businesses, and soon a vision was shared. Bitcoin Boulevard US, realized through hyperlocal partnerships, satisfies three early and important goals for CoinNEO: 1) Create a local destination for commerce using a global digital currency, 2) stimulate discussion about the roles of digital currencies, and 3) increase brand awareness for us as innovative Bitcoin-friendly businesses.”
Bitcoin Boulevard US has already attracted interest from international publications, in part due to its relationship with Bitcoin Boulevard NL. “Together, we hope to grow the Bitcoin Boulevard concept worldwide,” says Chand.
Bitcoins are digital currency units, transmitted over the stateless and global Bitcoin payment network. The Bitcoin network validates all transactions of bitcoins, eliminating the need for 3rd party private banking institutions. Businesses pay 1% or less in bitcoin transaction fees, and have the option to settle bitcoin revenues in dollars, bitcoins, or a percentage of both.
Lisa Dunn, owner of the fair trade retail store Revive explains her interest in Bitcoin: “The beauty of Bitcoin is its potential to use globally as payment to our partner artisans, and locally for tech-forward customers to use as payment to us.”
Kevin Monroe, owner of Monroe Constructs reveals why he began accepting Bitcoin: “We are seen by our customers as an innovative design and creative renovation company, and we continue to push forward by offering our customers another option of payment and expense reduction with Bitcoin. The next logical phase would be to extend the use of Bitcoin to a B2B model with our partners and suppliers.”
Bitcoin Boulevard US commences May 1, 2014 at the start of each business’s regular hours. Contact info for each business can be found on the bitcoinboulevard.us website. Coupons will be made available on that site, applicable towards any method of payment.
At 6:00 pm, the Cleveland Bitcoin Meetup invites the general public to gather at The Wine Spot, followed by a stroll along Bitcoin Boulevard US. After May 1, Bitcoin Boulevard US will remain a destination for Bitcoin commerce and community.
Revive offers hand crafted fashion for women, men, kids, and home. Since 2006, Revive has offered unique collections that include eco-friendly products made of recycled, organic, and sustainable materials. Revive’s range is responsibly and directly sourced from 28 artisan cooperatives around the globe. For more information, see www.ReviveStore.com.
About Monroe Constructs
Monroe Constructs is a Cleveland Heights based design and construction company, specializing in both residential and commercial rehab and new construction.
Located in Cleveland Heights, CoinNEO partners with organizations to explore Bitcoin opportunities. CoinNEO’s founder is Nikhil Chand, a Cleveland technology professional promoting safe, secure, and practical technology solutions. Chand believes Cleveland’s economic renaissance is a welcoming platform for emerging technologies such as Bitcoin, and believes CoinNEO’s contributions help fortify Cleveland’s position as a global leader in technology innovation.