The Overwhelming Majority of Jewelers Don’t Plan to Accept This Popular Currency Anytime Soon

Do you (or will you soon) accept Bitcoin as payment for your goods and services?

Yes: 3%

• It’s just a sign of the times and another form of currency. It will be as common as accepting credit cards some day. — Jennifer Farnes, Revolution Jewelry Works, Colorado Spring, CO
• Still researching. Always like to be on top of technology as it appears on the horizon and want to be ahead of the game so I can compete effectively with the big boys. — Susan Eisen, Susan Eisen Fine Jewelry & Watches, El Paso, TX
• Working on the learning process now. — Valerie Savvenas, Manoli’s Jewelers, Springfield, MO
• No clue but I am learning. — James Adair, Adair Jewelers, Missoula, MT

NO:  97%

• I have unfortunately had the experience of transacting in Bitcoin, It was to pay a hacker to allow me to access my server. The process of purchasing Bitcoin and storing it safely is an absolute nightmare. I’d rather be paid in gold coins. — Christopher Sarraf, Nuha Jewelers, Plainview NY
• Not sure what it is and how to use it. — Lisa McConnell, Lisa McConnell Design Studio, Fort Worth, TX
• Are you kidding! I know the faith and solidity of the U.S. Treasury is not what it used to be, but to build on air? — Eve J. Alfille, Eve J. Alfille Gallery and Studio, Evanston, IL
• We have trouble enough with charges and checks. — Marta Jones-Couch, Elements Ltd., Des Moines, IA
• Bitcoin: is that like imaginary money? I’ll accept it when I sell imaginary jewelry. — Mark Thomas Ruby, SunSpirit Designs, Loveland, CO
• Not that comfortable with it yet. Not against it though. — Greg Raskin, Raskin’s Jewelers, Presscott, AZ
• We have not had any requests to take digital currencies; if we have requests, we would consider it. — Mark Clodius, Clodius & Co. Jewelers, Rockford, IL
• Bit what? Do they fit in piggy banks? — Michael Cook, Walter J. Cook Jeweler, Paoli, PA
• I think that within the next 18 months, there will be several companies similar to Bitcoin, which will prevent Bitcoin from becoming the power crypto-currency that is predicted. Once the market gets diluted, these e-currencies won’t hold the value that is anticipated. If Bitcoin could get backed by gold, that would be the true game changer! — Jen Foster, David Douglas Designs, Marietta, GA
• We have not had any customers ask if we accept Bitcoin. Plus, nothing spends better than cold hard cash. — Erica Lorenz, Michael & Sons, Reno, NV
• Our area is two to three years behind in accepting new ideas. — Corey Miller, Leighton’s Jewelers, Merced, CA
• I don’t even like to accept credit cards, I sure as hell won’t accept fake money. — Peter Tims, White Mountain Jewelers, Show Low, AZ
• Not for us. Cash, check, or credit card only! — John Anthony, Jr., John Anthony Jewelers, Bala Cynwyd, PA
• Bitcoin seems unstable. I am not going to take the gamble. — Donnie Blanton, Brittany’s Fine Jewelry, Gainesville, FL
• I’m not set up for Bitcoin and I don’t anticipate myself doing so either. I prefer traditional payment methods. — Marc Majors, Sam L. Majors, Midland, TX
• We don’t do payment of any kind online, so Bitcoin is still quite a ways away for us. — Kim Hatchell, Galloway & Moseley, Sumter, SC
• Good old American dollars! We don’t accept the euro or Canadian dollars either! — Rosanne Kroen, Rosanne’s Diamonds & Gold, South Bend, IN

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