Iron Gate Wine has announced it will now be accepting Bitcoin and Bitcoin Cash payments, allowing customers to purchase wine using crypto through payment service provider BitPay.
Iron Gate Wine is a leading online retailer of private and rare wine collections. It is based in upstate New York and ships wine across the world.
The wine it provides is sourced from private collectors throughout the US and Canada. It currently has over 2,500 unique wines available for purchase.
A press release from Iron Gate Wine details how the processing system provided by BitPay will “allow buyers from all over the world to shop for vintage wine from the cellars of private collectors using this new form of currency”.
Iron Gate Wine head honcho Warren Porter commented: “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 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.”
Sonny Singh, chief commercial officer at BitPay, also spoke on the announcement, saying: “Bitcoin is a global currency and will allow international buyers to purchase wine cheaper and more quickly than credit cards and bank wires.”
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Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.