Brooklyn Businesses: Show Me The Virtual Money

Thanks to CBS NY for the post…About time people in NY start accepting bitcoins

CBS New York

[worldnow id=9525404 width=420 height=266 type=video]

NEW YORK (CBSNewYork) — Some Brooklyn businesses are among the few early adopters embracing a virtual currency.

As CBS 2’s Tamara Leitner reported, “Bitcoin,” which has been around since 2009, is growing in popularity. Anyone can buy it using real money at an online store, or an “exchange.” To purchase something with Bitcoins, a shopper simply transfers the value from his or her online Bitcoin wallet to someone else’s.

The five Brooklyn businesses owned by Dan Lee’s family — including the Boerum Hill restaurant Oxford Kitchen — accept Bitcoins and even offer a 10-percent discount for those customers who use them.

“I thought it was kind of a novel idea,” said Lee, the restaurant’s business manager.

Only a small number of businesses accept Bitcoins, but there are also online businesses that take them.

For the first six months, not a single customer paid with Bitcoins…

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