Bitcoin Forum

https://coinreport.net/budweiser-partners-coinbase/

Budweiser will be accepting bitcoin as payment at concession stands AND giving $10 in free bitcoins to all attendees of the Budweiser made in America Festival. They give you $10 in bitcoins to spend! Imagine how many new people this is going to open up bitcoin to as not some crazy, impossible to understand drug dealers currency, but as a real world frictionless payment system.

"Budweiser has the potential to get a strong digital currency following as their event’s Concert Series runs between April and August, traveling through Wisconsin to California."

Wow... King of beers to be King of Coin!

Great! And all of a sudden, Budweiser becomes my favorite beer brand. Heineken and Carlsberg can go to hell.  ;D Interesting to see Coinbase scoring over Bitpay... despite some serious fundraising done by the latter.

Eh, as watery as it sounds, I guess I could drink a Bud this weekend as a congrats.

BitPay seems to have the lead in payment processing, while Coinbase is likely generating most of their revenue from brokering. Coinbase threw in payment processing as an afterthought, while that has been BitPay's model since inception. And both companies have acquired similar amounts of fundraising if I'm not mistaken. BitPay's large round just happened more recently.

What we need right now is a Beer vending machine which accepts Bitcoins, just like the Marijuana vending machine (USD and BTC accepted) that we have in Denver, Colorado.  ;D

Dude!! I NEVER drink Bud! But this is HUGE!!!!!

Earlier I had posted that we should forget about the giants such as Ebay and Amazon, and should concentrate in the mid-level companies. With a market cap of $177 billion, Anheuser-Busch is another giant, but I'll welcome its entry to the Bitcoin sector with open hands.  ;D

Free as in free beer ;)

MIT students attending the Budweiser made in America Festival will make a whopping $110 over the coming months 8)

I believe that Bud got the idea from the Bitcoin give-away at Massachusetts Institute of Technology. Anyway... it has already triggered two or three other Bitcoin give-aways, such as the Coinbase .edu freebie.

How ever they got this idea its great to see a major brand joining the BTC world, this can only be a good thing for BTC as it spreads the market and pushes it further out of the shadowy places that the public thinks it lives in.

The so called shadowy places (such as Silk Road 2.0, Agora.etc) will exist as long as buying and selling of drugs is illegal. But it is important for the Bitcoin sector to reduce the importance of such ventures in the crypto economy.

ofc they will always exist, but alot of the public think thats all BTC is for, even thou you can do all that illegal stuff with fiat, but no one says not using dollar thats for illegal stuff. The more major brands use it, the brighter BTC gets.

With Visa / Master spending millions of USD in lobbying against the Bitcoin, we should not be expecting too much positive coverage from the mainstream media. But at the same time, media lies are not having as much effect as it once had, thanks to the social media.

Old Masters will also try to protect their space, but doesnt stop new things coming. Big Brands wont have an alliance with card companies but ofc if card companies get laws change it would hurt, but lucky for most of us, they dont have a great lobby powers in countries that arent the US.

This is a HUGE development for the King of Coins.
Is the Budweiser made in America Festival one of the biggest breakthrough stories in the whole history of Bitcoin?
I had a Bud this week (first in several years) and it really wasn't too bad.

Wow this is really neat and not expected
Budweiser giving out Bitcoins that's just cool
Glad to hear more good news :)

Coinbase shook hands with Budweiser cool. The both Partners here are astounding. Nobody was trying to "stop bitcoin".

price just jumped 5.5% in literally 21 minutes. do you suppose this is why?

I doubt it, mostly because this was announced 2 or 3 days ago, but it definitely didn't hurt the positive sentiment!

Nope... there were some bulk purchases (each of them averaging around BTC1,000) in the BTC-E exchange. That might be one of the reasons. The other reason might be the success of Bitpay fundraising.

Yeah, this has been out for a while, plus people in the know would know this stuff when it happens and they are the people likely to buy in volume like these 1000btc orders.

News such as this one will definitely have a positive impact on the buyers. Bitcoin has risen by close to 25% during the last 3-4 days. We just need another big news, to propel it over the $1,000 mark.  ;D

I'm hoping good BTC news are like buses, nothing for a while and then loads to surely bump that price.

This is really great if not a little random for a promotion. Glad to see companies involving bitcoin though.

Its working thou, because now we are talking about bud, and coinbase gets pud drinkers talking about them. Some times the random ones work the best.

Me neither. Just cool to see big businesses start accepting bitcoin for payment.

This is one big jump! There business is accepted and with that free 0.02 BTC people might actually try to understand it ( and a good chunck of people too considering how big the occasion is)

Right on! Bitcoin going to the moon  :D

Yeah, when members of the general public are being given some by a big brand, if only a few of them find out more and pick it up, that will still be a big post for crypto.

Good marketing move indeed...making beer brand spreading bitcoin is great!

I agree!

If there will be discount for buying beer using Bitcoins, I become the happiest men in the world! ;D

I never liked budweiser, but  I respect such market step.

Talking about the discount.... the merchants are at advantage here, as their expenses are reduced. So they can afford to give some serious discount.

Take this example:

Bud's profit margin is 10%, and Visa / Master takes away 3% of that. Now if they use Bitpay, this 3% is lowered to 0.5%. So instead of 7%, they are getting 9.5% profits.

We might be talking about it but how many people will be talking about bitcoin because of it? It's all good though I suppose.

A lot. It's a much more significant and conversation worthy experience to receive and spend bitcoin than it is to read about it.

In 2012, more than 80,000 people attended this festival. If the average attendee tells 3 friends about their experience with free bitcoins at the festival, and each of those people tell an average of 1 person, then 560,000 people will be talking about bitcoin because of it. Not to mention the people who read the press release.

EtOH to the moon!!

I also believe that it is necessary to introduce discounts to promote Bitcoin and according to your calculation it is realizable

Will they accept LiteCoin for Bud Lite?  :D



It would be hard to overstate how important this news is for Bitcoin.
A huge year has begun and I'm glad to be a part of it.

i loled :D