BAKERSFIELD, Calif. - A Bakersfield pet grooming store is now accepting Bitcoin, a decentralized digital currency, as payment for services.
"We can actually exchange it out for cash right away without the credit fees," said David Sidhu, owner of Self Serve Pet Spa in west Bakersfield. "You just got to try and stay ahead of everybody else, that's what we're trying to do with our business," he said.
Sidhu told 23ABC he began accepting Bitcoin around a month ago after communicating with a pet food vendor. So far, he says, nobody has used Bitcoin to pay -- but his customers now have the option.
David Anderson with Moneywise Guys Wealth Management says the demand for Bitcoin has drastically increased in the past two years.
"We saw the price of Bitcoin really go through the roof," he said.
Still, Anderson cautions purchasing Bitcoins due to recent volatility in its value.
On Monday, state lawmakers approved legislation that lifted bans on alternative and digital currencies.
"It more legitimizes it, and more importantly from a tax perspective, they're saying Bitcoin is property," Anderson said.
Anglers come from all over for fishing derby
For some, this derby is more than fishing. Big money is on the line.
Stand off in downtown Taft ends, AZ man arrested
A Kern County Sheriff deputy stand off in downtown Taft is finally over after five long hours.
Third fire this week breaks out in Bakersfield
A fire broke out Saturday afternoon near an Elementary School in Central Bakersfield.
Arson, rape suspect killed near Garces HS
A man accused of raping a woman then setting her house on fire was shot and killed Friday evening. At about 9:45 p.m., Bakersfield police…