Unmasking Mr Bitcoin - Irish Examiner

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It includes Dublin’s Baggot Inn, where customers, pictured left, began using bitcoin to purchase pints. In December, the value of a single bitcoin hit an all-time high of $1,200 (€865). In March this year, the Baggot Inn of Lower Baggot Street became the first Irish pub to accept payments in the form of the world’s newest and most controversial currency, the BitCoin. While the eyes and minds of pundits and politicians remain focused on the prospects, form and likelihood of economic recovery, the Internet has given rise to this curious financial innovation. A valid currency ... ONE of the capital's busiest pubs is accepting an invisible currency. T his pint will set you back 0.0094 Bitcoin -- the digital form of money -- at The Baggot Inn in Dublin.. The popular city ... "Bitcoin is first and foremost a technology – an open-source protocol that allows us to send value over the internet faster, cheaper and more securely," says a spokesman for the Bitcoin ... The Baggot Inn used a payment provider that automatically converted the coins into euros, ensuring that the pub could accept payments without fear of losing money should the value of bitcoin ...

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