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Well we've been on here craze to crash this bitcoin down.
Plunging more than 200 dollars in value in two days -- everybody's been talking about it now and how.
Hackers are actually to blame for this most recent sell off last night the digital currencies major exchange now -- -- it's called.
Was hit with a denial of service attack just two hours after resume trading -- That was it -- recovering some little losses -- amount -- trading the digital currency down about 71 bucks but you know the Pete was way -- to 66.
I believe so despite the extreme volatility businesses are trying to cash in on this stuff phenomenon.
And ever is the first establishment here in New York City to accept -- coins as a currency and we're live from their midtown Manhattan with the owner.
Alex Liechtenstein so to -- you can see behind Alex and you guys except.
-- bitcoin says they at literally as a currency how long have you been doing it why did you start doing this tell us that Alex.
We started doing a couple of days ago we installed the system entry in the stuff on Sunday would start something on Monday.
I vote I'm -- wind and couldn't resist them not an expert by any means.
I love the concept.
And actually a couple months -- you first open.
I was speaking with one of my partner Charlie trauma is the co chair of the vehicle in commission about the possibility of possibly something that -- And it was -- and so missed -- last week and then he.
Came up with the technology where we could it's -- -- -- but hadn't.
Get the money in dollars almost instantaneously.
So we don't accept the cold bitcoin does business okay can accept them and get the money in dollars -- anyway.
So Alex is going to be back next -- markets now to literally take you through the mechanics of how they do and how they accept that point that this.
-- establishment there in midtown Manhattan but you sit here a and use the word enthusiast your big point and busiest and that's really the only people like it's people like you and some investors that it really didn't do it some self tech geeks -- kind of thing that knew about this before few weeks ago and now you know people like us are talking about it.
-- they could call this the craze that surrounded it and the volatility now in terms of investment are you worried do you regret allowing it to be used now and in the -- Absolutely not because.
Allowing you to use my buyer had absolutely no risk to me as a business owner because again and -- it's when little bit later mentioned demonstration.
I get the money in dollars -- -- the -- does not hold on the declines we just accept them as.
As payment of the same thing as with something that the credit card is actually a lot and -- credit card for me as a business owner.
Because with credit card processing you know takes -- to get the money which though is annoying for cash flow.
What if when I took the -- going to have the money in my bank account the next day they shouldn't charge backs.
And -- also the processing either fraction -- a price -- processing has.
And again there's really no risk to me dozens -- why aren't more business doing it I don't think a lot of our I mean.
So far anyway.
I don't think most personal look like you said most people didn't really know with the clintons were right nobody can -- ago.
And and even now I feel like even now that the units in the media people and kind of know it is that I feel -- most people they don't understand it.
And -- you don't realize there's a system that they can install -- there's no -- -- a lot.
Brazil match -- it actually declines.
Take us through that system in the next -- to do a quick break here because -- -- get back over the top of the hour and the news but Alex will be back from as far that accepts bitcoin Syrian in New York next -- thanks a lot we'll see again.
Instead India and in.
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