Gallery: Aussies buy their first Bitcoin-funded beers

Gallery: Aussies buy their first Bitcoin-funded beers

Summary: Bitcoins, QR codes, smartphones, tablets, and beer. For some, there is no better way to spend a Sunday afternoon at the pub.

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  • (Image: Alexander Taylor, CC-BY 3.0)

    Members from BitcoinSyd are on hand to help out with making transactions, and, if need be, provide a means for newcomers to the currency to purchase some.

  • (Image: Alexander Taylor, CC-BY 3.0)

    On the merchant side of the transaction, a QR code is created that specifies which Bitcoin wallet the funds are meant to be paid into, and how much it costs.

  • (Image: Alexander Taylor, CC-BY 3.0)

    This in turn is presented to the customer, who scans the code from their Bitcoin wallet app to make a payment.

    Although chargebacks aren't possible under the crypto-currency, if the Old Fitzroy somehow runs out of beer and needs to make a refund, a transaction in the opposite direction is made, much like how cash is handed over.

Topics: E-Commerce, Emerging Tech

Michael Lee

About Michael Lee

A Sydney, Australia-based journalist, Michael Lee covers a gamut of news in the technology space including information security, state Government initiatives, and local startups.

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