Users of The Whiskey Wash Shop (and the sister shop for buyers outside of the USA, the Mark Littler Shop) can now buy their collectable whiskey and scotch bottles using all major crypto currencies. Select Lunu Crypto Pay at checkout for a seamless experience that allows you to build a whisky collection using chosen coins and tokens.
Lunu now allows customers of The Whiskey Wash Shop to buy their next whiskey investment using 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.
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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.
“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,” explains the Lunu website.
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.
Whiskey Investments and Cryptocurrency
Both whiskey and cryptocurrencies 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 whiskey, whether it is a bottle of American Single Malt or a cask of scotch 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.