Pioneer Bar to Accept BTC Stops Operation

Major Update:

• The business was reportedly the first traditional street business to receive BTC as an exchange means.
• The owner stated that he collected his first digital payment back nine years ago for a cup of beer with the mean price of beer in the country at $4.
• Customers could quickly pay over 1BTC, which was then equal to a dollar for their drinks.
• After a visit to the bar, several business owners have also imitated the bar by accepting cryptocurrency.
• According to Eric Lombrozo, a bitcoin developer, the bar will always have its place in BTC's history.

Platzer did not state a reason for the shutdown. However, several speculations say that the closure might be due to the restrictions created because of covid 19.
Last week, a statement ordering bars to close between 11 PM and 6 AM was released and a restriction on indoor gatherings with over 25 persons.
The ban was later lifted, but many businesses witnessed a reduction in revenue.

According to a crypto expert on Twitter, blame the pandemic or modernization for the legendary bar's closure. However, it's no doubt that the berlin located bar has been a must-visit for tourist.

How has the pandemic impacted business growth in your country? Share your thoughts with us.

Source: Cointelegraph.