Here comes good news for boozers! They can earn money
Here comes good news for boozers!
They can earn money simply by having a pint thanks to a new digital currency in the market – Beercoin.
The German startup’s coin can be mined only through a unique code on a bottle cap or bar mat which can be scanned with an app for generating Beercoins.
The cryptocurrency can then be spent on booze and merchandise or exchanged for the regular cash. Tobias Meyer, Founder and CEO of German tech news site Crypto Tree, stated –
“The end user should be able to easily participate in a cryptocurrency, without having to bring the necessary technical expertise. Furthermore, they do not have to expose themselves to speculative risks, but can simply buy a beer.”
Initially, the startup will create 77,480,000,000 Beercoins to allow the system to be operated for 10 years with 10,000,000 users. This figure is calculated using the average German beer consumption.
A company mission statement said –
“Our goal is quite straightforward: We want to create the beer-based cryptocurrency. The beer market is a billion-dollar industry which has not seen many innovations in recent years and is currently decreasing in volume in many parts of the world. While the consumer base is shrinking, a lot of new competition, in the form of craft beer breweries, is trying to find a solid foothold in the market.”
Additionally, there is a charitable perspective to the digital currency, which enables users to donate their Beercoin to destitute boozers.
Mr. Meyer added –
“The idea behind it is that everyday life is better with a beer after work in good company. However, there will always be some poor soul who does not enjoy such a beer after work. This person should enjoy a sweeter life, if other users donate their Beercoin.”