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Fine Wine and Bitcoin | Shawn Zylberberg, Wine Spectator

This Wine Spectator article by Shawn Zylberberg about the emergence of Bitcoin payments in the fine wine industry features Warren Porter of Iron Gate Auctions and Iron Gate Wine.

Warren explains “To me, it’s important to be first when the technology makes sense, and it did. It’s not to me any different than a euro or anything else. Anything that I can convert immediately into U.S. dollars I’ll take.”

IronGate.Wine has been accepting Bitcoin since 2019.

Warren mentions that the processing fees with Bitcoin are significantly less than credit cards. He adds that the risk of fraud is reduced to 0%.

You can read the entire article on Wine Spectator.