As cryptocurrencies expand to the masses, they also need to have places where to spend their virtual currencies. And this is what the startup ‘Civic’ is trying to do. According to the company, they will be releasing a prototype of a beer vending machine that would accept cryptocurrencies as a means of payment.
The startup founded by Vinny Lingham – star of the show ‘Shark tank South Africa’ – has developed a decentralized blockchain that makes transactions smoother while taking care of the users identity and privacy.
The company explained that the next week it will be unveiling the first crypto vending machine at the Consensus Conference in New York. There will be several companies and visitors at the conference which will be listening and interacting with the most important figures and companies in the crypto and blockchain world.
Presenting the First Ever Anonymous Age Verifying Beer Vending Machine – in partnership with Anheuser-Busch InBev #cryptobeer #announcement #cvc $cvc #civic #blockchain #consensus2018 https://t.co/sPyR1ZvMdd pic.twitter.com/4OOaZOg3lt
— Civic (@civickey) May 12, 2018
In order to buy the beer, the users will have to download the Civic application on their phones and scan the code on the machine.
Titus Capilnean, Communications and Marketing Manager of Civic, explained:
“We’ve been thinking about practical ways of bringing crypto technology to a more mainstream audience, and how can we go so so niche that it’s so easy to understand for a regular individual. Proof of age seemed like the best low-hanging fruit.”
The idea may be used in the future for other vending machines and not just for selling beer. At the same time, Civic is planning to extend its product to other industries like casinos, and ball games.
You can read our full review of Civic here: