22 Apr '13, 8am

New York businesses start to accept payment with electronic currency Bitcoin

New York businesses start to accept payment with electronic currency Bitcoin

Will that be cash, charge or robo-money? After years of being relegated to a seedy online market, Bitcoin is creeping into the mainstream — including a Midtown lounge that began accepting the digital currency as a method of payment recently and has since racked up $7,000 in electro-cash revenues. “We like technology,” EVR co-owner Alex Likhtenstein told The Post. “I want my business to keep up with current technology.” Unregulated and without any fixed value, Bitcoins are traded on the Internet for a constantly changing value, currently hovering around $120. Stephen Yang IPAID: Customer Pinsi Lei uses Bitcoin on her phone to pay the tab at EVR lounge on West 39th Street in Manhattan last week. They work almost like money, except there are no banks to mediate the trade and the currency isn’t widely accepted. Staff at EVR use tablets to pull up a service called BitPay, which...

Full article: http://www.nypost.com/p/news/local/cash_biz_yes_we_scan_f...

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