As shown in the video, the gadget has a QR code that allows potential users – in this case Reis – to send over the price range and pay for some coffee. The price, because the entrepreneur explains via a Medium blog submit, warns an internet-connected device that triggers the gadget’s engine.
talking to Brazilian news outlet Portal do Bitcoin, Reis referred to that professionally he doesn’t work with cryptocurrencies, however that he is a bitcoiner who’s been “using the flagship cryptocurrency as an investment given that 2016.” The coffee gadget, he stated, turned into created so he should analyze greater.
Reis changed into quoted as pronouncing (more or less translated):
“I advanced a device that powers the espresso machine with Bitcoin transactions to examine and have fun. dealing with generation, for me, besides paintings, is a hobby. My goal changed into not to create some thing to explore commercially, I desired to definitely discover the technology’s capability and display different humans how BTC is ‘programmable money’.”
The device itself doesn’t use bitcoin’s Lightning network (LN), even though Reis referred to he plans on creating one the use of the technology soon. He stated, however, he has a internet site wherein it’s feasible to use it to pay for mock espresso and different products, so he can take a look at the LN.
From a more technical standpoint, the entrepreneur discovered he makes use of a Raspberry Pi processor and coded the gadget using php. His creation comes at a time wherein the crypto marketplace is apparently beginning to rebound after the SEC clarified bitcoin and ethereum aren’t securities.
The cryptocurrency’s “intestine-wrenching” charge decline, that saw its value come down from nearly $20,000 in mid-December to $6,500 at press time, was potentially because of futures investors, in keeping with Wall road analyst Tom Lee.