BrewDog Bar Accepting Bitcoin, Determining Beer Price By FTSE

Oct 28, 2018 at 13:30 Update Date :Oct 28, 2018 at 13:30 UTC

A British brand of Beer known for its chain of drinking pubs and a destination for hippies, BrewDog Bar, has now opened a bar in London’s Canary Wharf, where bitcoin is accepted for exchange and the prices changed on the movement of the Financial Times-Stock Exchange 100 Index (FTSE).

The bar is established near the Bellmouth Passage and canal that connects the South and North Docks. The fluctuations in the prices of the BrewDog beer depend upon the market economy, which means, the prices of the beer increase simultaneously with the increase in the prices of the FTSE market. And if there is a downfall in the market price, the beer will reduce accordingly. Exciting, isn’t it?

The bar in their official blog announced that the customers now can use their Bitcoin and Bitcoin Cash to buy beer. The bar has started receiving cryptocurrencies in exchange for beer. It is the second cashless bar under the domain of the company. They advised consumers to carry credit cards along with their Equity Punk ID Card, a kind of loyalty card which allows consumers to get discounts at any place of BrewDog.

This is not the first time that such an exciting thing is going to happen. About three years ago, two investors – Alan Grant and Glenn Burgess started a brewery known as the Reserve Bar Stock Exchange. That time, Grant said that alcohol doesn’t need to be sold at excessive rates.

A more exciting thing about the BrewDog is that they’re now running a giveaway of Bitcoin Cash on the occasion of the grand opening of the Canary Wharf bar. They have promised to give BCH wallet which will be filled with crypto between 12 -100 Euros to the first 100 attendees.

At the beginning of this month, Mr. Wolf’s, a nightclub in Bristol hosted an event where consumers were paying bitcoin for a pint of beer. This was done to show bitcoin as a feasible currency.

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