Crypto currency investors can pay for coffee and cake with Litecoin or Ethereum at a new cafe on Aungier Street, Dublin, which accepts payments from your crypto wallet via your smartphone. The Crypto Cafe is owned by Nash Basel.
Video: Bryan Nash Basel owner of Crypto Cafe on Dublin’s Aungier Street. Photograph: Bryan O’Brien Detail from screen in Crypto Cafe on Dublin’s Aungier Street.
Cryptocurrency investors can now forgo their euro and pay for their lattes and muffins with litecoin or ethereum at a new cafe in Dublin, which accepts payments from your crypto wallet via your smartphone. Nash Basel set up his Crypto Cafe on Dublin’s Aungier Street at the end of January on the back of a good run investing in cryptocurrencies, using his gains to fund the cafe.
He first started investing about six months ago but, having spent time analysing the movements in bitcoin over the past three years, he sold out in early January, ahead of the dramatic slump. “I got a bit lucky,” he recalls.
Already in the hospitality trade – he also owns Jerusalem restaurant on Dublin’s Camden Street – Mr Basel first thought of opening a standard cafe but then hit on giving it a novel angle by accepting cryptocurrencies, influenced by the likes of Prague’s Bitcoin Coffee, which only accepts bitcoin payments. Now, the Aungier Street outlet has become a hang-out for all things crypto, with a Coinbase screen updating customers on currency prices, and signs on the wall proclaiming “Hodl 4 Life”, which came out of a typo of “hold” and has become something of a motto for bitcoin investors, urging them to stay invested. Read more from irishtimes.com…
thumbnail courtesy of irishtimes.com