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We don't yet know if anyone's tried to pay in bitcoin in bar's brief tenure. How does your restaurant accept Bitcoin payments. Crypto is on fire, it’s a hot currency, Hughes told the New York Post on Jan. Bar owner Patrick Hughes has seen the worst of the Covid-19 pandemic lockdown on his operations and decided to sell the two watering holes for crypto.
#New york city bitcoin bar license
The liquor license is still under both Tang and Wu's names, though Wu is no longer involved, Eater reports. Gen Z is turning 21 and moving into the city, and they're relying on TikTok, their favorite search engine, to tell them where to go, overrunning New York City's best bars and hottest nightspots. Two New York City bars are up for sale for a combined 25 bitcoins or 800 ether over 800k at current prices. Taking all that into account, it's perhaps not all that shocking that the owner of the century-old institution would be willing to embrace something as edgy as cryptocurrency.īoys Don't Cry opened recently after Tang and his business partner Jonathan Wu shut down Nom Wah Tu, the fast casual restaurant that had occupied the space for six months previous. In what could be the first-ever crypto restaurant sale in the US, New York City bar owner Patrick Hughes is offering to sell two popular restaurants in the Hell's Kitchen neighborhood for Bitcoin or Ethereum. Stripe gives crypto businesses access to todays global financial infrastructure. At a secondary NYC location in Nolita, Nom Wah customers order machine-made dumplings via cashless kiosks, according to Grubstreet.
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Under Tang's leadership, Nom Wah has opened several more locations in NYC and elsewhere, making the name a force to be reckoned with.Īnd he's not afraid to experiment, either. Crypto is on fire, it’s a hot currency, said Hughes, 56, a Queens native. But he has made a name for himself as he's sought to catapult New York City's oldest dim sum house (which his family has owned since the 1970s) into the forefront of Chinese-American cuisine. The price tag: 25 Bitcoins or 800 Ethereum tokens for both, a value of about 875,000 by current cryptocurrency prices.
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