18 February 2018
Visit www.avoka.com

Make mine a pint of Bitcoin: UK pub chain takes virtual currency

12 June 2013  |  10672 views  |  2 bitcoin

A pub chain run by a former Cambridge University scientist has started accepting bitcoins in exchange for pints of beer.

Stephen Early, a director and co-founder of Individual Pubs Limited, installed the first bitcoin cash register app at the White Lion in Norwich. It has since been deployed at the chain's other pubs in Cambridge, Peterborough and Hackney.

Users simply scan a QR code on the till receipt to instantly convert the sterling transaction to the equivalent bitcoin price.

Cambridge cluster news site Cabume reports on the first bitcoin transaction at the Haymakers, where a half-pint of Milton Icarus sold for £1.55, or 0.0202 Bitcoins at an exchange rate of almost £77 for a single bitcoin.



Viewed as a novelty at the Cambridge bar, the bitcoin option has generated more serious interest from punters at Individual Pubs' London outlet, the Pembury Tavern in Hackney. Close to London's tech city, the venue has been adopted as the pub of choice for the next London bitcoin meetup later this month.

Comments: (2)

A Finextra member
A Finextra member | 12 June, 2013, 11:50

A local pub in London takes payments in seashells. Real or digital. So what?!.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune | 13 June, 2013, 09:24

More stories like this will inspire an increasing number of PayPal-harassed merchants to try out BitCoin. Let the flow begin...

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Bitcoin exchange MT. Gox introduces account verification

Bitcoin exchange MT. Gox introduces account verification

31 May 2013  |  7340 views  |  0 comments | 7 tweets | 1 linkedin
UK civil servants ponder bitcoin threats - FT

UK civil servants ponder bitcoin threats - FT

14 May 2013  |  11843 views  |  1 comments | 5 tweets | 1 linkedin
Bitcoin round-up: Schemes, machines and luxury condos

Bitcoin round-up: Schemes, machines and luxury condos

03 May 2013  |  7927 views  |  0 comments | 3 tweets
Bitcoin resumes upward curve following market disruptions

Bitcoin resumes upward curve following market disruptions

04 April 2013  |  5220 views  |  0 comments | 3 tweets | 1 linkedin
Man bids to sell house for bitcoins

Man bids to sell house for bitcoins

21 March 2013  |  7202 views  |  0 comments | 7 tweets | 3 linkedin
European Central Bank warns of virtual currency risks

European Central Bank warns of virtual currency risks

30 October 2012  |  16447 views  |  6 comments | 19 tweets | 5 linkedin
US State Representative adopts Bitcoin donation system

US State Representative adopts Bitcoin donation system

04 September 2012  |  13094 views  |  2 comments | 1 tweets
Bitcoin POS system developed

Bitcoin POS system developed

21 October 2011  |  13080 views  |  0 comments
Exchange lets users pay cash for Bitcoin at bank branches

Exchange lets users pay cash for Bitcoin at bank branches

22 August 2011  |  13198 views  |  0 comments
US customs agents turn away Bitcoin-dependant visitor

US customs agents turn away Bitcoin-dependant visitor

27 July 2011  |  13521 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit http://info.nice.comVisit https://www.capgemini.comvisit www.swift.com/your-needs/instant-payments

Who is commenting?

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
10877 views comments | 16 tweets | 11 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8479 views comments | 15 tweets | 42 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8267 views 10 comments | 21 tweets | 26 linkedin
hands typing furiouslyHow can Blockchain Help with AML KYC
7923 views 3 | 9 tweets | 6 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job