Cigar Industry and Bitcoins
Buy cigars - It seems like Hong Kong’s goo-filled ASIC mining jazz and facilities-playing cigar bars have a minumum of one thing in common: bitcoin.Australia’s largest premium cigar retailer, Brisbane-based Fine Cigars Australia began accepting the currency after receiving several email requests from customers.
Buy cigars - The company’s general manager, Matthew Mroczek, said he as well as the company were already at ease with bitcoin by that stage. Fine Cigars Australia accepts bitcoin directly into an individual wallet without having to use any payment processor, and even uses bitcoin at stages further the supply chain.
” he said, “We have been using it for several months now to pay some of our suppliers in places like Mexico and Nicaragua because it is simply a far more efficient method of payment.
“To proceed through normal banking channels it might take two days for them to get the money, which delayed the delivery to the customers. Not to mention the problem with currency movements over this kind of time period.The option to which had been costing us about 5-6% through Visa or Paypal. With bitcoin it only takes an hour and the cost is usually only 1% of the transaction.?, however?
Fine Cigars sells over 200 different brands of cigar, mainly sourced from Nicaragua, Honduras and also the Dominican Republic. The business was started in 2009 by “a group of Australian connoisseurs, exasperated at the availability, dismal quality and limited selection of cigars in Australia”, according to its website.