Coventry restaurant to accept bitcoin as a payment

A nightclub in Coventry has become the first one in the UK to start accepting bitcoins for payment. They are accepting the payment for entry, drinks and private hire starting from February 2018.



Following the announcement of a Coventry nightclub accepting bitcoin payments by its customers, Birmingham night clubs were asked about adopting this new trend on which the response was

Mooch Bar: Sales Manager said, they are not accepting bitcoins as payment and do not have any plan to adopt this in near future.

Individual: On speaking to an attendant on call, he said they are not interested in bitcoins and its use as a payment.

Pryzm: Birmingham nightclub Pryzm has ruled out implementing the cryptocurrency.

Credit: Zifan wang

Bitcoin is the world’s leading virtual currency, an innovative payment network and a new kind of money.

It was created in 2009 resulting in a so-called cryptocurrency that has its own value and is not tied to any physical currency.

Coins are transferred directly between users and are kept in a digital wallet that can be accessed on a computer or mobile device.

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