Feeds

Australian pub to serve beers for bitcoin

107 year old boozer embraces crypto-currency

The essential guide to IT transformation

A 107-year-old Australian pub has decided to accept the world's newest currency: Bitcoin.

Garry Pasfield, publican at The Old Fitzroy in Sydney's bohemian inner city suburb of Woolloomoloo told The Reg he likes the idea of getting in early on Bitcoin. Pasfield said he's no idea if Bitcoin will take off, but likes the idea of being among the first to accept it as payment.

“I am interested in bitcoin because it is progressive,” he said. He also thinks it is a finger in the eye of Australia's big banks, four of which make colossal profits and are often felt to squeeze out smaller competitors.

To buy a beer with bitcoin, punters will need a smartphone to scan a QR code that will be beamed over the bar on a screen. That code will invoke an unspecified Bitcoin exchange that will delve into a drinker's own Bitcoin account and settle the transaction.

The initiative isn't all Pasfield's idea: a local Bitcoin pusher has been part of the push and will be on hand to educate punters on the currency.

The first servings of booze-for-bitcoins will pour on September 29th. ®

Boost IT visibility and business value

More from The Register

next story
Drunkards warned: If you can't walk in a straight line, don't shop online, you fool!
Put it away boys. Cover them up ladies. Your credit cards, we mean
Yes, but what are your plans if a DRAGON attacks?
Local UK gov outs most ridiculous FoI requests...
Cops baffled by riddle of CHICKEN who crossed ROAD
'Officers were unable to determine Chicken's intent'
Murder accused DIDN'T ask Siri 'how to hide my roommate'
US court hears of cached browser image - not actual request
Why your mum was WRONG about whiffy tattooed people
They're a future source of RENEWABLE ENERGY
Chomp that sausage: Brits just LOVE scoffing a Full Monty
Sales of traditional brekkie foods soar as hungry folk get their mitts greasy
Nuts to your poncey hipster coffees, I want a TESLA ELECTRO-CAFE
Examining the frothy disconnect in indie cafe culture
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.