Last month we spoke with two St. Louis businessmen who completed a Bitcoin transaction worth $3,000; Michael Huber of Paradigm New Media and Vance Crowe of Articulate Ventures. Crowe is a proponent of the digital currency, and wants to see St. Louis emerge as a forerunner in the field.
St. Louis is building a reputation for being a home for innovative businesses. But this week, innovation of a different sort took place - an innovative business practice.
Instead of swiping a credit card or depositing funds into a bank account, Paradigm New Media paid Articulate Ventures the equivalent of $3,000 in Bitcoin, a digital currency.
St. Louis Public Radio is a service of the University of Missouri-St. Louis.