The Mark Littler Shop (and sister shop for US buyers The Whiskey Wash Shop) now accept payment via Lunu Crypto Pay. The seamless experience allows whisky investors to build their collection in a new way, by purchasing with their chosen coins and tokens.
Lunu allows customers to buy in all major crypto currencies. Importantly for those who want to use cryptocurrency as (one of its) intended uses, Lunu is set up to make what can be an arduous process seamless.
Crypto users will likely be familiar with the drawn out process of transferring between exchanges and the exchange fees required to get “money” in and out of their chosen coin. Lunu uses a decentralised system to allow instant payments.
For those of you who like to know what’s happening, in their words: “The system is based on a number of different exchanges and liquidity providers, assign the market price for the crypto-to-fiat exchange, while systems oracles monitor and verify the transactions in third-party blockchains.”
The result is an instant payment system with low fees. Plus the payments are all tracked on the blockchain, giving you traceability for your purchase.
Whisky Investments and Cryptocurrency
Both whisky and crypto currencies are growing alternative assets. For crypto one of the appeals is the decentralised system alongside the ability to see a return, but it is inherently a non-tangible asset. For whisky, whether it is a bottle or a cask of whisky, the asset is there as a physical object that you can see, touch and if you wanted to, drink. The ability to buy one with the other therefore makes a certain amount of sense.
If you want to turn your crypto back into “money” using it for purchases is a way to get your investment out of the aether and turn it back into something tangible—and without the drawn out processes often associated with getting money in and out of crypto currencies.
