Jewelry store accepting bitcoin payments - WECT TV6-WECT.com:News, weather & sports Wilmington, NC

Jewelry store accepting bitcoin payments

According to Cahn, customers are either impressed or excited to use their bitcoin at Reed's. Customers can even spend their bitcoin on solid gold. (Source: NBC) According to Cahn, customers are either impressed or excited to use their bitcoin at Reed's. Customers can even spend their bitcoin on solid gold. (Source: NBC)
WILMINGTON, NC (WECT) -

A Wilmington business said they are the first retailer with a store and website to accept bitcoin.

"We saw a need for a consumer with bitcoin and said, 'Why not Reeds?'" questioned Director of Marketing Mitch Cahn.

According to Cahn, customers are either impressed or excited to use their bitcoin at Reed's. Customers can even spend their bitcoin on solid gold.

The bitcoin works like a regular Visa or Mastercard transaction. A customer brings their bitcoin wallet to Reed's and as long as they have enough bitcoin for the purchase price, the transaction can be completed.

Cahn said their Reed's associates caught on to the transaction process quickly, although their was hesitation at first to figure out how it all worked.

As a 68-year-old business, Cahn said it's important to be on the cutting edge of currency.

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