New Brazilian Entrepreneur Creates a Powerful Bitcoin Run Coffee Machine
The Brazilian Entrepreneur Ricardo Reis has just unveiled a brand-new cryptocurrency-powered machine to make coffee, to prove to people that the main virtual currency BTC has more uses for potential growth than is typically seen by people as of now. It’s essentially a programmable currency that can be used for more than just trading on exchanges.
There is a video of the machine that can be seen when it was first shared with focus group for BTC on FB and made the rounds on Social Media. The Machine is now activated when there is a certain amount of Bitcoin that is sent to a wallet it is connected to.
Like you can see in the video, the machine has a QR code that allows for the potential users of the coin, like the entrepreneur Reis, to send money to pay for some of the coffee made by the machine. Paying for coffee like this is explained by entrepreneur through an average blog post, that warns a device that is connected to the internet it’s about to trigger the machine’s engine.
Speaking to a Brazillian news channel known as Portal Do Bitcoin, Brazilian Reis also noted that he doesn’t professionally work with cryptocurrencies in most cases. He is however a bitcoin enthusiast, who uses the currency as an investment currency and has been doing so since 2016. The coffee machine was created to simply learn more about how cryptocurrency works. Reis made a statement that roughly translates to:
“I developed a device that powers the coffee machine with Bitcoin transactions to study and have fun. Dealing with technology, for me, besides work, is a hobby. My intention was not to create something to explore commercially, I wanted to simply explore the technology’s capability and show other people how BTC is ‘programmable money’.”
The coffee machine doesn’t rely on Bitcoin’s Lightning Network LN – although Reis noted he plans on creating one using technology very soon. He also noted that has is owner of a website that makes it possible to use the currency to pay for mock coffee as well as other products in order to successfully test the LN.
And from a purely technical point of view, the entrepreneur also stated he used a Raspberry Pi Processor that was coded using a machine-based PHP. This creation he released came at a time when the cryptocurrency industry is starting to go through a major rebound after the SEC made a statement clarifying that Bitcoin and Ethereum are not securities.
The virtual cryptocurrency had a somewhat gut tearing price decline, that saw its value come down from a high around $20,000 in mid-December to $6,500 at the time of press release. One potential reason for the sudden drop was caused by future traders, this is according to Wall Street Analyst Tom Lee.