Buying something with bitcoin in London is no longer a novelty.
However, the first of the many pubs in London that started accepting bitcoin was The Pembury Tavern. Located in East London’s borough of Hackney, the outfit opened it doors to bitcoiners last summer.
We headed over to The Pembury Tavern to celebrate their one year anniversary and chat with founder Stephen Early to find out how bitcoin payments have panned out for him one year on.
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Early says that deciding to accept bitcoin was his “best ever accidental publicity campaign”.
He claims he just "mentioned" online that he was starting to take bitcoin and received enormous media interest. Early says that he sees about £1,000 of bitcoin transactions per month, but due to the recent drop in the price, that number has gone down.
“With the drop in price of bitcoin recently, people are more reluctant to spend it.”
As one of the first merchants in London to start accepting bitcoin, he also has some feedback for bitcoin wallet providers.
However, he has no plans of reversing his bitcoin acceptance. He sums up the last year by saying: “It’s been a fun experiment. It’s certainly been worth the time I have put into it.”
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