Hester Street Fair located in the heart of the Lower East Side is the largest pushcart market in New York City. Now in its fifth season, the market is dotted with 60 to 90 small businesses selling anything from artisanal food to vintage clothing to handmade arts and crafts.Next weekend, like every other Sunday, the market will be up and buzzing, but with a twist in the tale. 
The entrance of Hester Street Fair in New YorkStarting 15th June, more than 30 vendors inside the Hester Street Fair will be trading their artisan goods for bitcoin every Sunday until the end of October at the NYC Bitcoin Fair. It will showcase special bitcoin events and opportunities for newbies to learn more about digital currencies.The NYC Bitcoin Fair is the brainchild of Suhyun Park, one of the co-organisers of the Hester Street Fair. He told CoinDesk the Hester Street Fair is a good place to incubate regular bitcoin activity:“The fair is the perfect environment for the use of bitcoin. The small businesses that vend at Hester Street Fair are very entrepreneurial and flexible and willing to try new things out. They aren’t burdened by having to go up a chain of command for permissions to try things. They are also excited to be at the forefront of this new technology.”Park initially got introduced to bitcoin by Pat Che, who owns Xcubicle located across the street from Hester. Xcubicle is a tech and skill share hackerspace. As an early adopter of bitcoin, Che also runs a meet up in New York and has been incubating the city’s bitcoin community since 2012.Together they decided to field test the idea of a NYC Bitcoin Fair at one of Hester Street Fair’s December Christmas markets. The trial run didn’t go too well, only about three vendors accepted bitcoin and the volume of transactions was unimpressive, to say the least. The first transactions were also very clunky, as Park admits. He said, “We were figuring it out as we went along.”“We were new to it. It was really in its early stage for us. We didn’t have the support, the education, the workshops and that sort of thing.”However, they did have one big transaction of $450 for a photograph. 
La Poubelle Vintage at Hester Street Fair will now be accepting bitcoin as part of the NYC Bitcoin FairSix months later they are back, and this time here to stay. Park and his co-organisers are confident and more prepared this time around, he said:“I think Bitcoin has come leaps and bounds since then, especially with the adoption by so many larger and more reputable companies.”They have also partnered with payment processor BitPay to streamline the bitcoin acceptance process for the merchants.Its executive chairman Tony Gallipi released the following statement regarding this partnership:“We are so pleased with our new partnership with Hester Street Fair. It is another milestone for bitcoin. We are seeing it used in more brick and mortar outlets which is amazing to witness.”Tony Gallipi will be speaking at CoinSummit in London on 10th-11th July. 
Crowds at the Hester Street Fair in New York CityAfter PartyThe hosts have organised an after party at Rosette Restaurant to wrap up the opening weekend of the fair. The cash and bitcoin bar is offering a 25% discount on drinks to those who pay with digital currencies.Charlie Shrem, who recently had his 24-hour house arrest lifted, will also be at the fair and joining the after party.Images courtesy of Hester Street FairBitPayeventsmerchantsNew YorkTony Gallippi
The entrance of Hester Street Fair in New YorkStarting 15th June, more than 30 vendors inside the Hester Street Fair will be trading their artisan goods for bitcoin every Sunday until the end of October at the NYC Bitcoin Fair. It will showcase special bitcoin events and opportunities for newbies to learn more about digital currencies.The NYC Bitcoin Fair is the brainchild of Suhyun Park, one of the co-organisers of the Hester Street Fair. He told CoinDesk the Hester Street Fair is a good place to incubate regular bitcoin activity:“The fair is the perfect environment for the use of bitcoin. The small businesses that vend at Hester Street Fair are very entrepreneurial and flexible and willing to try new things out. They aren’t burdened by having to go up a chain of command for permissions to try things. They are also excited to be at the forefront of this new technology.”Park initially got introduced to bitcoin by Pat Che, who owns Xcubicle located across the street from Hester. Xcubicle is a tech and skill share hackerspace. As an early adopter of bitcoin, Che also runs a meet up in New York and has been incubating the city’s bitcoin community since 2012.Together they decided to field test the idea of a NYC Bitcoin Fair at one of Hester Street Fair’s December Christmas markets. The trial run didn’t go too well, only about three vendors accepted bitcoin and the volume of transactions was unimpressive, to say the least. The first transactions were also very clunky, as Park admits. He said, “We were figuring it out as we went along.”“We were new to it. It was really in its early stage for us. We didn’t have the support, the education, the workshops and that sort of thing.”However, they did have one big transaction of $450 for a photograph. La Poubelle Vintage at Hester Street Fair will now be accepting bitcoin as part of the NYC Bitcoin FairSix months later they are back, and this time here to stay. Park and his co-organisers are confident and more prepared this time around, he said:“I think Bitcoin has come leaps and bounds since then, especially with the adoption by so many larger and more reputable companies.”They have also partnered with payment processor BitPay to streamline the bitcoin acceptance process for the merchants.Its executive chairman Tony Gallipi released the following statement regarding this partnership:“We are so pleased with our new partnership with Hester Street Fair. It is another milestone for bitcoin. We are seeing it used in more brick and mortar outlets which is amazing to witness.”Tony Gallipi will be speaking at CoinSummit in London on 10th-11th July. Crowds at the Hester Street Fair in New York CityAfter PartyThe hosts have organised an after party at Rosette Restaurant to wrap up the opening weekend of the fair. The cash and bitcoin bar is offering a 25% discount on drinks to those who pay with digital currencies.Charlie Shrem, who recently had his 24-hour house arrest lifted, will also be at the fair and joining the after party.Images courtesy of Hester Street FairBitPayeventsmerchantsNew YorkTony GallippiOriginal author: Roop Gill