02 Aug '13, 6pm

Bitcoin cyber currency now accepted in Edmonton eatery

Bitcoin cyber currency now accepted in Edmonton eatery

The Edmonton chain Remedy Café has become what's believed to be the first eatery in the prairie region to accept the cyber currency Bitcoin. Bitcoins are a form of currency that you can buy or mine online, unregulated by any bank or central authority. They were created in 2008, when an anonymous group published a paper listing a set of rules for a system that would enable this “peer-to-peer electronic cash system”. Remedy Café clients can now order their food using this cyber money, whose value fluctuates, but ultimately depends on the amount in circulation at the time of purchase, CTV reports, set to cap at 21 million Bitcoins in the year 2140. At the time of writing, one Bitcoin (BTC) is worth $106. The Café’s digital turn is good news for its customers. They’ll save on transaction costs and won’t have to carry money around, instead paying through a Quick Response (QR) c...

Full article: http://ca.news.yahoo.com/blogs/right-click/bitcoin-cyber-...

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Edmonton

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