WILMINGTON, NC (WECT) - A bar owner in downtown Wilmington is joining a unique trend. You'll soon be able to pay for your next beer with a Bitcoin, a form of digital currency.
Bitcoin has been around for at least five years and is an online financial network. People use it to send payments from one person to another.
Todd Barber, co-owner of Duck and Dive, said they haven't had many people use Bitcoin, but he believes that number will increase. Here's how he says his establishment will make money by using the digital system.
"Well we feel like we can accumulate Bitcoin and then over a period of time it'll actually become more valuable. So the $25 tap you pay today, might be worth $35 a year from now," Barber said.
Some people believe Bitcoin is very safe because you have to have a pass code to get into someone's cyber wallet, but when doing research on this story, we discovered some experts say, if your cyber wallet is hacked into, you simply lose everything.
Websites like Overstock.com and the NBA franchise the Sacramento Kings allow people to make payments using Bitcoin.
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