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Schenectady cafe is region’s first to accept bitcoins

Paul Paterakis, center, demonstrates how bitcoin checkout works at Coffeetime@Hellasbakery in Schenectady on Friday, January 31, 2014.
Photographer: Patrick Dodson
Paul Paterakis, center, demonstrates how bitcoin checkout works at Coffeetime@Hellasbakery in Schenectady on Friday, January 31, 2014.
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The very week that New York’s financial regulators held hearings on the possible regulation of digital currencies, a Schenectady cafe and bakery became the first business in the Capital Region to accept bitcoins, a virtual currency created in 2009 that today still has many scratching their heads. But that’s OK, according to local business owner Paul Paterakis. He doesn’t have to fully understand the thing. At the end of the day, his business just has ...


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