Southwark Playhouse to accept Bitcoin payments
Southwark Playhouse has begun accepting Bitcoin donations for its outreach work, with plans to roll out using the online currency for box office and bar payments.
The south London theatre is thought to be the first venue in the capital to take payments in Bitcoin, the online currency that has surged in value in recent months.
Last week, the price of one Bitcoin reached an all-time high of more than £12,000, as investments in online currencies continue to grow.
Bitcoin users store their currency in an online Bitcoin wallet, from which they will be able to directly donate towards Southwark Playhouse’s youth and community activities using a unique code specifically generated for the theatre.
A spokeswoman for Southwark Playhouse said: “We’re pleased to announce that we’re now accepting donations in Bitcoin and are working towards extending this to our bar and ticketing operations in 2018.”
She added the theatre was keen to play a part in bringing the “potentially ground-breaking technology” into mainstream use.
It comes as the first play funded by Bitcoin has announced a London premiere as part of Vault Festival’s 2018 programme.
Silk Road (How to Buy Drugs Online) is inspired by the online black market Silk Road, which trades in Bitcoin.
It was first staged at the Edinburgh Festival Fringe in 2014 but will be presented in London for the first time from January 24-January 28.
The play, written by Alex Oates and produced by Shrapnel Theatre, was funded following a call out on the real Silk Road forums for contributions that led to an anonymous donor giving two Bitcoins.