Arizona dentist accepts 10 cryptocurrencies – Bitcoin, Ethereum, Ripple included

Benchmarking

Tempe, Ariz.-based dentist George Carr, DDS, began accepting Bitcoin and other cryptocurrencies in 2017. Today he accepts 10 different types, Fox 10 Phoenix reports.

Here's what you need to know:

1. One of the reasons Dr. Carr began accepting Bitcoin was to eliminate bank fees. He noted patients can pay for services with a single tap.

2. Dr. Carr can then convert the Bitcoin and other cryptocurrencies to cash immediately. However, the dentist noted he is holding out for a larger payout in the future.

3. As more practices begin to accept cryptocurrencies, the cryptocurrency market has slumped. At the end of 2017, Bitcoin was trading for nearly $20,000; however, today its value is almost half of its highest trading value.

4. The American Dental Association contacted Dr. Carr to educate other dentists on the opportunities and risks with cryptocurrency.

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