May 15, 2021

Major US wine seller starts accepting Bitcoin, Dogecoin and Ethereum

New York wine distributor Acker, Merrall & Condit has announced that it has begun accepting digital currencies as a form of payment for its own auctions and retail stores. The company supports the most popular cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash and Dogecoin.

After the ample impact of the COVID-19 pandemic on the world economy, many organizations have paid attention to the current digital currencies, and one of the oldest suppliers in Switzerland

This is the world's largest auction house andfine wines, founded in 1820. After the pandemic, the New York company showed in the same boat that other retailers, since most of its off-line stores were covered.

In order to compensate for the consequences of COVID-19, the organization has made a bid on its own online auction with a formed international community.

“By the way, how the world is getting more and moremore digital, that, of course, was accelerated by the pandemic, the cryptocurrency will become more and more important in all day life, - he announced

He also mentioned that the prices are one of the bestThe wines, which the company offers, amount to about $ 1000. In this he sees "a very successful match" with the possibility of payment with digital assets. Crypto payments will be accepted with the participation of the payment processor BitPay.

Despite the pandemic, Brexit and the trade war between the United States and China during the presidency of Trump, over the past year, expensive wine has grown even more in value.

In connection with this, John Capon believes that their clients - rich and influential people - can spend large sums in cryptocurrency on refined wines.