Have a bundle of Bitcoins but don’t know where to spend them? Fret not as Yelp can now help with that. In an effort to make the service more useful for customers and businesses, Yelp recently announced they’ve added a new attribute that will let users know at a glance whether or not a business accepts the popular cryptocurrency as a form of payment.
In a blog post on the matter, Yelp described Bitcoin as a new payment technology that allows customers and businesses to make fast, secure and low-cost digital payments from any Internet-enabled device. Other benefits include the fact that customers and businesses can transact without having to store sensitive data like a credit card number.
What’s more, Yelp noted Bitcoin was like cash in that transactions are one-way so a business doesn’t have to worry about a chargeback.
The fact that Yelp is throwing its weight behind Bitcoin is yet another positive for the cryptocurrency. Online vendors like Overstock and Tiger Direct implemented support for Bitcoin earlier this year with the former doing nearly $1 million in Bitcoin sales within the first month.
Not everyone is hip to Bitcoin, however, as Amazon recently revealed they had no plans to accept it as a form of payment.
Business owners that use Yelp are encouraged to logging into their business owners tools and update their payment attributes.