30 Sep '13, 1am

The Old Fitzroy Hotel in Sydney becomes the first pub in Australia to accept payment by Bitcoin.

The Old Fitzroy Hotel in Sydney becomes the first pub in Australia to accept payment by Bitcoin.

is one of the few remaining "character pubs" in Sydney but as of yesterday has become the first pub in Australia to officially accept payment by Bitcoin . The historic Woolloomooloo institution first introduced the payment method on Sunday enabling tech-savvy drinkers to pay for their beers via smartphone provided they had a Bitcoin "wallet". All patrons need do is scan a QR code generated at the til and authorise the payment via their smartphone. "I am interested in Bitcoin because it is progressive," Fitzroy publican Garry Pasfield said in a statement. "I know a lot of people will like the opportunity to steer away from the big banks, and [Bitcoin] will have a lot of legs if it can establish itself." For those who don't know, Bitcoin is a controversial new digital currency system that behaves in the same way as commodities like gold, silver or oil, in that its value fluc...

Full article: http://www.pedestrian.tv/news/arts-and-culture/sydney-pub...

Tweets

Bitcoin accepted here. The flag flying out the front of a settler era pub in Sydney's Woolloomooloo

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Bitcoin accepted here. The flag flying out the front of a settler era pub in Sydney's Woolloomooloo

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