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Drinks paid in DAI — what happens when the bar only accepts crypto?

Drinks paid in DAI — what happens when the bar only accepts crypto? DAI Hard Drinks Recap — From NYC Blockchain Week 2019

May 22

For the team building Mosendo, our primary focus is making cryptocurrencies usable as a daily currency, so it’s always struck us as a bit ironic that most cryptocurrency events don’t even accept cryptocurrency as payment!

So when we were planning an event with MakerDAO to kick off NYC Blockchain Week 2019, we knew that we absolutely HAD to make the event focused on real usage of the cryptocurrency DAI, not just talk and speculation.

Thus, DAI Hard Drinks was conceived of, where attendees could ONLY pay for their drinks using DAI, no other payment forms accepted at the bar!

The days leading up to the event was a whirlwind of preparation as our event sold out within 28 hours, at 225 person capacity. Our waitlist grew to 390 people — clearly there is an interest for stable decentralized cryptocurrency!

We had been working on a proof of concept in collaboration with Connext network that demonstrates some of the key features we are building in to the Mosendo wallet (read our Hackernoon article for the full product vision).

The Mosendo demo featured

instant, browser-based wallet. No fumbling with private keys no ETH or GAS required to make a transaction, in fact no fees at all instant transactions, no need to wait for block confirmations

The experience worked a bit like this:

Mosendo Proof of Concept

At the rooftop bar, we setup all the bartenders with the Mosendo demo wallet and walked them through accepting DAI as payment. Faster than a credit card and just like holding cash!

Bartenders learning about DAI

Then things kicked off! People started showing up, and we handed out QR codes loaded up with 40 DAI for buying drinks!

The QR codes were actually links that contained a one time redeemable hash. When the user opened the link on their phone via the QR, the M...

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