A London art gallery, has announced that they will start accepting cryptocurrency as payment for works of art. As reported, Dadiani Fine Art, a gallery in Mayfair will be accepting six leading digital currencies, including Ethereum, Bitcoin, Litecoin and others at Dadiani Fine Art's new exhibition, which opens on July 14, 2017. The sculptures, which will be made from the exhausts of Formula One cars, are expected to sell for around £25,000 to £30,000.
According to Eleesa Dadiani, the gallery's owner,
“We are combining old world business ethics and practice with the new world of technology – the current system is becoming stale and needs to be disrupted. Cryptocurrencies will provide a bridge from the elitist, centralist fine art market to a decentralized open source world where many more will be able to become a part of this exhilarating market."
Adoption of digital currency as mode of payment in small businesses like this is not only a better way to grow business but also represent its acceptance in mainstream. Hope to see many more practical uses of decentralized currency in near future, which is aiming to disrupt many more industries.
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