CA$6.8m in Bitcoin, XRP or Ethereum to buy historic Canadian bar, restaurant and live music venue Stone Jug
By Anna Grace on 11 Feb 2019
The owner of Stone Jug, a historic restaurant, bar and live music venue in Carbonear, Canada, is accepting buyers using the cryptocurrencies Bitcoin, XRP and Ethereum.
Stone Jug owner, Bruce Branan, is accepting the three leading cryptocurrencies as well as 28 fiat currencies for the purchase of the historic bar and restaurant, priced at CA$6.8 million.
The venue has a capacity of 370 people across three floors, including a conference room and multi-purpose theatre, used for musical performances. Stone Jug hosts local entertainers for traditional Irish and Newfoundland music sessions each weekend.
The live music industry is no stranger to cryptocurrencies, or the blockchain technology behind them
The live music industry is no stranger to cryptocurrencies, or the blockchain technology behind them.
Blockchain technology is currently used by Ethereum-based platforms Aventus and Crypto.tickets to regulate and standardise live event ticketing. The same technology is also used by Ethereum platform, Viberate, a decentralised talent ecosystem for live music events.
The potential uses of blockchain technology in the live music sector extend to licensing, live streaming, marketing and fan-to-artist interaction, among others.
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