IronGate.Wine becomes the first online wine retailer to accept cryptocurrency

IronGate.Wine, a leading online retailer of private, rare wine collections, has announced that they have completed testing and will immediately begin accepting Bitcoin (BTC) and Bitcoin Cash (BCH) as payment methods for their online inventory of vintage wine. Utilizing the processing system provided by BitPay, IronGate.Wine will allow buyers from all over the world to shop for vintage wine from the cellars of private collectors using this form of currency.

“We are very excited to be the first online retailer of our kind to accept Bitcoin as a form of payment for the incredible wines that we have available,” said IronGate.Wine President, Warren Porter. “Our research has shown that the adoption of cryptocurrency is on the rise and we want our customers to be able to use whatever payment form they prefer. We view Bitcoin and Bitcoin Cash as a currency, not unlike the Dollar or Euro and know that our customers would like the option of spending it on this luxury item.”

Porter continued, “aside from convenience, the fraud-proof nature of crypto compared to credit cards will completely eliminate fraudulent transactions. In addition, accepting crypto payments greatly decreases our processing fees compared to credit cards. IronGate.Wine is consistently one of the lowest-priced providers in the United States of fine and rare wine, but we can be even more competitive by further reducing our processing costs by several percentage points.”

“Bitcoin is a global currency and will allow international buyers to purchase wine cheaper and more quickly than credit cards and bank wires,” said Sonny Singh, Chief Commercial Officer at BitPay. “One of the biggest headaches merchants have today is chargebacks, and for online merchants this headache is compounded with the added risks of identity theft and fraud. BitPay leverages the promise cryptocurrency provides with transactional transparency. It is impossible to use cryptocurrency for fraud as every transaction is verified, recorded and stored on the blockchain. Further, as a push transaction, similar to taking cash out of a wallet, the user sends the exact amount of Bitcoin needed to pay the bill. This eliminates traditional credit card fraud and identity theft risks associated with credit cards. As a result, there are no chargebacks.”

In addition to Bitcoin, IronGate.Wine accepts all major credit cards, ACH and wire transactions, and will soon be expanding to accept AliPay, WeChat Pay and Apple Pay to round out the most comprehensive array of payment options in the industry.

Based in upstate New York and shipping worldwide, IronGate.Wine is an online retailer of vintage wines meticulously sourced from private collectors throughout the United States and Canada. Currently, there are over 2,500  unique wines available for purchase through the website, which will grow to over 4,000 in the next four weeks.

Kibo Sushi Announces Partnership With T.OS to Develop Retail Blockchain Solution

Kibo Sushi is proud to announce that it’s teaming up with T.OS (pronounced ‘tios’)

Kibo Sushi is proud to announce that it’s teaming up with T.OS (pronounced ‘tios’), a leading digital currency company, to develop a blockchain payment system for the Canadian food service industry.

“Kibo Sushi is continuously looking to optimize our customers’ experience at our restaurants,” said Bo Seo, founder of Kibo Sushi. “T.OS is looking to the future of payments and is working to normalize the use of crypto-currency. With this partnership, customers will be able to use their cryptocurrency to pay for meals at our ten Kibo Sushi locations across Toronto. It’s a first-of-its-kind partnership and we’re thrilled to be bringing it to Canada.”

T.OS is a decentralized currency based on blockchain technology. It boasts a fast transaction speed, meaning both the customer and restaurant can be confident the payment has been processed as quickly as a cash or card settlement.

To raise awareness, Kibo Sushi is offering $5.00 CAD off at any of its Toronto locations to all customers who share news of this project on social media in their stores during October.

To learn more about Kibo Sushi, its menu and locations, please visit www.kibosushi.com.

Kibo Sushi was founded in September 2012 and includes ten sushi locations across the Greater Toronto Area, including: Toronto, Etobicoke, Woodbine, Harbourfront and North York. The rapidly expanding company will be looking for ambitious franchise partners in Q4 2018. A Kibo-branded market carrying a variety of Asian products is also launching in November 2018.