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Two NYC Bars Might Be Yours for Solely 25 Bitcoin or 800 Ether: Report

01/13/2021

two-nyc-bars-could-be-yours-for-only-25-bitcoin-or-800-ether:-report

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Two NYC Bars Might Be Yours for Solely 25 Bitcoin or 800 Ether: Report

A New York Metropolis bar proprietor is promoting his enterprise for bitcoin (BTC) and ether (ETH), which might make it the primary cryptocurrency-only restaurant sale within the U.S.

  • In response to the New York Put up, proprietor Patrick Hughes has put the bars Hellcat Annie’s and Scruffy Duffy’s up on the market and is accepting bitcoin and ether as a type of cost.
  • Saying he’s hoping “to catch certainly one of these crypto dudes who all the time needed to personal a bar,” Hughes says he’s prepared to promote each companies for round 25 BTC or 800 ETH, that are every valued at round $975,000 on the time of publication.
  • “Crypto is on fireplace, it’s a sizzling foreign money,” Hughes instructed the Put up.
  • Although nonetheless unusual, buying high-end property and actual property utilizing cryptocurrencies is nothing new. In 2018, a beef salesman–turned–early bitcoin adopter from China’s Shanxi province, Guo Hongcai, funneled components of his wealth overseas by buying actual property overseas.
  • Hongcai bought 500 BTC within the U.S. after which used that cash to purchase a 100,000-square-foot mansion in Los Gatos, Calif., a 90-minute drive from San Francisco.
  • As for Hughes, whereas the bar proprietor says he’s solely acquired a couple of informal affords, he’s satisfied crypto is the longer term. “The following disaster, you received’t need to run out and purchase rest room paper,” he instructed the Put up. “You possibly can simply use your {dollars}.”

CORRECTION (Jan. 10, 18:47 UTC): Corrects headline to replicate it’s two bars being bought.

https://www.coindesk.com/a-nyc-bar-could-be-yours-for-only-25-bitcoin-or-800-ethereum-report

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