City Wine Cellar Joins Virtual Currency Revolution With New Online Payment Method

City Wine Cellar Joins Virtual Currency Revolution With New Online Payment Method

Pretty soon paper currency and even electronic payments in the form of credit and debit card transactions will feel dated. That's because "virtual currencies" and mobile payment solutions (like PayPal) are continuing to gain converts aggressively vying for younger user attention.

In fact, according to research agency Millward Brown, 73 percent of millennials -- individuals generally born between 1980 and 2000 -- expect to complete shopping and bill payments through their mobile phone. Considering millennials are predicted to mature into the world's largest spending group (outspending baby boomers by as soon as 2017), catering to their desired payment method is essential if the business in question expects to thrive.

Recognizing the growing importance of online payment and virtual currencies, the owners of City Wine Cellar and hosts of are pleased to announce that their wine and spirits establishment on Richmond Avenue (located in the New Springville section about two miles south of the Staten Island Expressway/I-278) is now accepting the Bitcoin virtual currency for all online purchases.

"Using Bitcoin is a way to avoid the hassle of everyday currency, while giving consumers alternate shopping options with their virtual currency," said John Ha, City Wine Cellar's co-founder. "Here at City Wine Cellar, we want to give customers as many payment options as possible to make transactions smooth and simple without the frustration and restrictions of traditional currencies."

Any orders placed with Bitcoin on can be shipped throughout the U.S. Consumers can also pick up any Bitcoin-purchased online orders in person if they live near the Staten Island area. To place orders with Bitcoin, select the Bitcoin payment option during the online checkout process.

"For those who are already Bitcoin users, City Wine Cellar offers an array of both red and white wines in addition to champagne, dessert wine, rose wine and even spirits available for purchase using your virtual currency," added Ha. "Whether you're searching for the finest rum, sake or even the latest Moscato, we have everything to satisfy your tastes."

A "Bit" More Info on Bitcoin

Bitcoin is a virtual digital currency, meaning Bitcoins are not valued against a precious metal like gold or silver, and they are not printed on bank notes or minted on coins. Created in 2009, Bitcoin has grown to become one of the world's most popular virtual currency platforms out of some 67 other competitors. As of late 2013 the combined value of all virtual currencies stood at about $13 billion, while Bitcoin alone was worth more than $10 billion. Currencies like Bitcoin appeal to small businesses eager to eliminate high credit card transaction fees. Consumers, meanwhile, appreciate the currency's ease of use, as well as the ability to complete anonymous payment.

About City Wine Cellar

After graduating college in 2002, John Ha and his father went into business together, opening their very own wine store on Staten Island. In just six years, the shop became the largest wine and liquor store on the island. In 2009, the brand City Wine Cellar was launched along with the official website, Today, the store currently sells the most wine on Staten Island, with a 50-percent growth in online sales and over 3,000 products.

For more information about City Wine Cellar, please visit their

Related News

200-Year-Old American Wine Shop Now Accepts Cryptocurrencies 

Nearly every day now a new company is announcing the acceptance of cryptocurrencies in some form or another. Now one of the world’s largest fine wine auction houses and America’s oldest wine shop Acker has revealed digital currency acceptance to pay for auction payments and retail wine purchases. Wine Shop Acker Jumps Into the Crypto Space This week the wine shop and auction house Acker revealed that it is now accepting cryptocurrencies for goods and services. Effective immediately Acker will accept BTC, BCH, ETH, DOGE, and three stablecoins via the payment processor Bitpay.....

Online game developer Bigpoint's 330m users can now buy virtual goods with bitcoins

German online game developer Bigpoint now allows users to purchase in-game virtual goods using bitcoins. The company, which was founded in 2002 and now has over 330 million users, was one of the first companies to introduce the free-to-play model in online gaming in Europe. This means users don't have to pay a subscription fee to play browser-based games; payment is only necessary when the players want to buy virtual items that will help them progress faster. "When you think about it, since our business revolves around virtual goods, it makes sense for us to implement the most popular....

French startup brings vintage vines to the NFT market

'It's like your NFT is the wine cellar, but it's in your wallet,' says the staff from World Wide Wines. Many exciting developments are coming to the space of nonfungible tokens, or NFTs, ranging from Metaverse NFTs to fantasy soccer digital collectible cards and up to monster-battle NFT games. In fact, Cointelegraph Research predicts NFT sales will hit a record high of $17.7 billion this year.But one French startup is taking more of an ambitious approach with wine NFTs. In an exclusive interview with Cointelegraph, Samuel Balthazard and Yacin Kharroubi, the chief executive officer and....

City in North Dakota now accepts cryptocurrency for utility payments

The city of Williston of North Dakota has officially started accepting cryptocurrencies like Bitcoin for utility payments via BitPay. A city in North Dakota is joining the cryptocurrency adoption race in the United States by starting to accept crypto payments.Hercules Cummings, finance director for the City of Williston, announced Thursday that the city administration has partnered with crypto payment firm BitPay to start accepting cryptocurrencies like Bitcoin (BTC) as payment for utility bills.“We have partnered with BitPay, the largest virtual payment merchant whose partners include....

Bitcoin, PayPal or Credit Cards – What is the best way to fund an online casino? 

Online casinos accept different methods of payment for making deposit when registering as well as for withdrawals. It is really up to individual user to decide which method of payments is the best for its individual needs. Keep on reading to find out some important info about few most common methods of payment in online casinos to make the best informed choice. Credit Cards as a form of payment in online casino. Credit cards are the most often used and accepted method of payment in online casinos no matter where they are registered. Credit cards are accepted as a method of payment in all....