20 Jul '13, 5pm

Coupa Cafe customers can buy items with bitcoins - Palo Alto Online #bitcoin

When paying for a latté -- or any menu item -- at Coupa Café in downtown Palo Alto, customers have two options. One is the usual route: use cash or a card to pay. The second option? Pull out a smartphone and use an application to pay with bitcoins. Bitcoins are an emerging digital currency. Generated electronically by computers, they can be exchanged freely between people without any intermediary. Without bank or government involvement, there are no chargebacks, prerequisites, fees, limits or delays. "It's like when the Internet first started in the '90s," said Mike Landau, a Facebook software engineer who helped develop the technology that Coupa uses to accept bitcoins. He collaborated on the e-currency system with his close friend, Jean Paul Coupal, who owns Coupa Café with his mother and sister. Coupal and Landau met as undergraduates at Stanford University. At the adve...

Full article: http://www.paloaltoonline.com/news/show_story.php?id=30346

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