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  • In Berlin, you can buy a beer at a bar with Bitcoin
  • In Berlin, you can buy a beer at a bar with Bitcoin
    Angela Schlafmütze, Creative Commons (2013) ©
CASE STUDY

Bitcoinkiez: buy a beer at a bar with Bitcoin in Berlin

Infamous cryptocurrency Bitcoin is renowned for enabling its users to buy illegal goods online. But thanks to a Berlin-based cluster of brick-and-mortar stores, people can buy a beer with Bitcoin now, too. But what do retailers stand to gain from accepting a currency that’s still so underused?

Location Germany

Scope
What can you buy with Bitcoin? Perhaps appropriately for a currency that’s been coined “the local currency of the internet”, people tend to associate it with obscure – and often illegal – purchases. [1] Need to get hold of a fake ID? Buy it in Bitcoin. A trip to space? Bitcoin. Some marijuana? Head down to Silk Road – they’ll never catch you, provided you pay with Bitcoin. [2]

But now, thanks to the wealth of establishments on Bitcoinkiez – a strip of shops and bars nestled in the heart of Berlin’s hip ...

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