BitPay has announced a partnership with Hester Street Fair, an outdoor marketplace in New York City.
The fair offers everything from handmade jewellery and rare vintage pieces, to wood fired pizza and ice cream sandwiches. The Hester Street Fair has become one of New York’s most beloved destinations. Many of the fair’s vendors are accepting Bitcoin in hopes of catering to the younger demographic that attends the fair.
“We are excited to be working with BitPay to offer our vendors a way to use this cutting-edge technology. Hester Street Fair will be the place where the Bitcoin community can socialize, shop, and eat.” said Suhyun Pak, Cofounder of Hester Street Fair & NYC Bitcoin Fair.
The fair supports a community of artists, collectors, and first time entrepreneurs that will use Bitcoin to make a new and exciting shopping experience. Through BitPay, the vendors will be able to accept payments with a 1% or lower processing fee. These lower rates result in more money in the vendors pocket without requiring shoppers to carry cash.
“We are so pleased with our new partnership with Hester Street Fair. It is another milestone for Bitcoin. We are seeing it used in more brick and mortar outlets which is amazing to witness.” said Tony Gallippi, Executive Chairman of BitPay.
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