London Bar BrewDog Dumps Cash Payments for Bitcoin
Craft brewery BrewDog, recognized in the UK for operating a chain of drinking pubs for hipsters, has opened a bar in Canary Wharf, London, that accepts not only bitcoin but also alterations its markup primarily based on the movement of the Financial Occasions Stock Exchange one hundred Index (FTSE). According to a report on the Drinks Business, the FTSE induced pricing will be exclusively implemented on a “special beer tap.”
Due to the place of the bar, which overlooks Bellmouth Passage and the canal linking old North and the South Docks, identified for trading, the company says the pricing of the beer will differ based on how the market is performing. If the FTSE goes up, the cost of the beer goes on with it. If it falls, you will have an endless supply of beer at a steep discount. Ahead of BrewDog, entrepreneurs Alan Grant and Glenn Burgess developed the Reserve Bar Stock Exchange, an automated stock industry for booze, three years ago. At the time, Grant had stated that &ldquoalcohol doesn&rsquot have to be sold at an extortionate price.&rdquo
In an official weblog post, BrewDog mentioned the new location would also be the first of its bars to accept cryptocurrencies, permitting consumers to pay for their spirits making use of bitcoin or bitcoin cash and the second cashless bar below the company’s domain. The firm advised consumers to come with their credit cards and their Equity Punk ID Card, a form of loyalty card that allows holders to redeem discounts at any of BrewDog’s location.
In addition to the grand opening of the Canary Wharf bar, BrewDog will also run a bitcoin cash giveaway, promising to give the very first 100 attendees a BCH wallet pre-loaded with crypto in between £12 and £100.
Earlier this month, Mr. Wolf’s , a nightclub in Bristol had an event where clients have been allowed to spend for a pint of beer with bitcoin for the evening. Mr. Wolf’s was ecstatic about the 1-off occasion, which was done to support the documentary of two movie producers and prove that bitcoin could be a viable currency in a society that is quickly becoming cashless.
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Published at Sun, 28 Oct 2018 01:47:02 +0000