Amazing crypto news for all beer lovers, a craft brewery popular in the UK called BrewDog opened a bar in London that accepts the only bitcoin as a method of payment.
The brewery is known for operating a chain of drinking pubs around London and they now opened a new place for both crypto and beer lovers. The bar location is amazing and it overlooks the canal that links the old North and the South Docks that are mostly known for their role in trading.
The brewery says that the pricing of the beer will be based on the movements on the market. Before opening the brewery, Alan Grant and Glenn Burgess were entrepreneurs that created the Reserve BarStock Exchange which is a stock market for booze basically.
In their official statement, BrewDog says that this new bar will be the first of their bars to accept cryptocurrencies so customers can pay their drinks using bitcoin or bitcoin cash. The brewery advised the customers to bring their credit cards and their Equity Punk ID Card that works like a loyalty card so they can later redeem discounts at any other BrewDog bar.
The name of the new bar is Canary Wharf Bar and they will also run a bitcoin cash giveaway so the first 100 attendees will be given a Bitcoin Cash wallet which will be filled from £12 and £100.
Earlier this month, another nightclub opened in Bristol and hosted an event where customers were allowed to pay for their drinks using bitcoin.
This is a clear sign of cryptocurrencies gaining popularity and adoption among people and it’s expected that the adoption rate will only get higher.
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"We believe this thesis still remains intact which could mean seeing a break of the lows in the coming weeks. A 25% selloff in BTC from the current lows of $3,200 would be to roughly $2,400."He also shared that the next sell-off could be just what the crypto market needs in order to finally break the backs of the bears and reach a new bull momentum in 2019.
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“Bitcoin is now accessible at your local grocery store via Coinstar kiosks, and this offering will make it even easier for consumers to participate in this dynamic new economy.”Coinstar, on the other hand, offers coin-to-cash conversion in their kiosks in multiple countries around the world but it still remains unknown whether the Bitcoin feature will expand just as quickly as it did in the US. Coinstar’s CEO Jim Gaherty noted: Coinstar offers coin-to-cash conversion kiosks in various countries throughout the world. It remains unknown whether the Bitcoin feature will expand beyond the U.S., while the company did not provide figures on how many machines will offer it.
“Coinstar is always looking for new ways to offer value to our consumers when they visit our kiosks.’’According to CoinATMRadar industry monitoring resource, there are more than 4187 Bitcoin ATMs worldwide and more than 60 percent or 2516 are in the United States. The market has grown plenty over the years and many operators are trying to get control of what they think to become a fairly popular trend for crypto usage.
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