Bitcoin news: Beer vending machine sells booze for cryptocurrency
And US blockchain firm Civic says its product can sell beers, spirits and wine without the headache of underage users abusing them. Would-be drinkers register with Civic using ID documents and then scan a QR code with the Civic app which verifies that the person is over the legal drinking age and dispenses a brew. Users can either buy credit using cryptocurrency or get a monthly bill and pay it in fiat currency. A spokesperson said: “People will be able to prove they are over 21 and pay for a beverage in a single transaction.
“This is possible using a Civic App and smart vending machines.
“No physical ID check is required.
“Proving you’re over 21 is simple and straightforward on your phone, without needing to share excess information.”
In the UK users of alcohol vending machines must comply with alcohol licensing laws.
People will be able to prove they are over 21 and pay for a beverage in a single transaction
They can be used in bars and nightclubs where over 18 only age restrictions apply, but they could also potentially be located in other areas.
The spokesman added: “At Civic, we’re leveraging new technology to ensure that identity verification is always simple, straightforward, and most importantly secure.
“By combining identity with payment, we’re looking to expand mobile payments beyond everyday transactions.
“Every time people pay for goods and services, the seller must verify identity.
“More specialized types of products require higher standards.”
A form of digital cash, cryptocurrency uses encryption to secure transactions and control the creation of new units.
It uses cryptography, a form of secret coding originating from the Second World War, to process transactions securely.
Its major appeal is it is independence from established financial systems.
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