19 May 2014 / Stuff – Local Bitcoin users can now use their crypto-currency savings to buy pork rinds and deodorant from New Zealand’s first dedicated digital currency store.
Bitcoin is a virtual currency which operates independently of any government or central bank, with a limited number of new coins able to be unlocked or “mined” each year.
Christchurch-based start-up Bitmart.co.nz offers an eclectic range of groceries and electronics, from chocolate to instant noodles to dishwashing liquid.
The goods are priced in both New Zealand dollars and Bitcoin, with a jar of Vegemite priced at $4.50, or ฿0.0088 Bitcoins.
Store founder Chris Dawson said he had been blown away by the volume of orders and positive feedback he had received so far.
“The enthusiasm of the growing Bitcoin community and their eagerness to help establish a thriving digital currency economy in New Zealand really solidifies my belief that Bitcoin is here to stay.”
Bitcoin has a volatile valuation, which has more than halved since peaking above US$1000 (NZ$1157) in December last year…. Read more
http://www.stuff.co.nz/business/money/10060546/Kiwi-bitcoin-shop-open-for-business
