You don’t need cash or cards to shop at Strange Donuts

strange-donuts24 Jan 2014 / St. Louis Business Journal – Maplewood’s Strange Donuts has experimented with everything from maple-glazed bacon donuts to donuts with caramel and pretzel toppings.

Now, the donut shop will test digital currency by accepting digital currencies Bitcoin and Dogecoin as early as next week.

Co-owner Corey Smale said the move is a natural fit for Strange Donuts, which has developed a cult following on social media thanks to prolific tweeting and 11,540 Facebook followers.

“As an organization we’re interested in the power of the Internet and people and communities. To take Bitcoin seemed like a logical next step,” said Smale, who last year invested $50,000.

For those who are unfamiliar, a primer on Bitcoin and Dogecoin is as follows: Both are digital currencies that are based on cryptography as a means of exchange. Bitcoin was first traded in 2009, and its value in relation to the U.S. dollar is roughly $900 per bit coin. About 1,000 Dogecoins, a crypto currency based on a popular Internet meme, are worth $1….. Read more

http://www.bizjournals.com/stlouis/blog/2014/01/you-dont-need-cash-or-cards-to-shop.html

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