Bitcoin Mania

Pack Your Bags: A Wine Store on Staten Island Now Accepts Bitcoins

Field trip, anyone?
Wine is fine. (Photo: File)

Wine is fine. (Photo: File)

If you’re closely tracking the wild swings in bitcoin’s value, it’s enough to make you crave a glass of wine–or several. The City Wine Cellar in Staten Island is now accepting the decentralized digital currency as a form of payment,presumably to help calm your nerves after hours of nerd mining.

Owner John Ha told DNAInfo that he saw a dearth in alcohol stores accepting bitcoin, which prompted him to start accepting the currency. He lauds the currency because there’s no transaction or bank fees which cuts out the middlemen. “It’s a great currency,” Mr. Ha said.

Mr. Ha has taken more than 40 orders that are paid with bitcoins with the average payment being .30 BTC, or $280. The store currently only accepts bitcoin payments on its website, but it plans to accept the money at its retail store after the holidays.

The problems that plague bitcoin, like its lack of security and crazy fluctuations in value, don’t faze him. “More and more people use the coins,” he said. “It’s going to be, hopefully, just like credit cards.”

It sounds like the wine is already talking.

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