CENTRAL TEXAS GUN WORKS RECEIVES ITS FIRST FIREARMS TRANSACTION WITH BITCOIN CURRENCY

FOR IMMEDIATE RELEASE

7 A.M. – February 4, 2014

AUSTIN, TX (February 4, 2014) – Central Texas Gun Works is now the first retailer in the United States to accept Bitcoin payment for the sale of new, used and NFA-registered firearms. Central Texas Gun Works also began accepting Bitcoin payments in January 2014 for training school classes, ammunition, and safety accessories.

We recently completed our first legal, online sale of a firearm paid by a Bitcoin customer. The first Bitcoin customer was able to find Central Texas Gun Works through an online syndicated newsfeed and had never visited the store-front location. Businesses and retailers who accept Bitcoin payments can be listed within online maps and directories, which provide additional promotion.

Bitcoin uses instant, worldwide, peer-to-peer transactions to make payments over the Internet. Using a mobile app or computer, bitcoins are purchased through a Bitcoin exchange network or from individuals. Consumers are able to shop at Central Texas Gun Works using their personal Bitcoin wallet to make payments. This form of payment is faster and more convenient than paying with a check, debit or credit card and includes increased privacy and security.

For businesses, like Central Texas Gun Works, using Bitcoin costs little to maintain, reduces risk of chargebacks or reversals, and protects against fraud, resulting in a lower cost to merchants than check or card transactions. Additionally, businesses can accept faster payments and incur a lower cost to protect sensitive information about their customers, including account information and credit card numbers. Central Texas Gun Works has partnered with BitPay as its Bitcoin merchant services provider.

“We are thrilled to be able to accept Bitcoin as a form of payment for our retail location and training school,” says Central Texas Gun Works owner, Michael Cargill. “Our goal in using this currency system is to generate new local and national customers, while attracting more visibility for our business.”

ABOUT CENTRAL TEXAS GUN WORKS

Central Texas Gun Works is a local Austin training school and retailer of firearms, ammunition, and safety accessories. In addition to holding regular Texas concealed handgun license (CHL) classes, Central Texas Gun Works is also a licensed training school for Texas Private Security Bureau (PSB) Level II, Level III, and Level IV private security classes.

Michael Cargill, owner of Central Texas Gun Works, has served as a Texas DPS-certified CHL instructor for eight years and has over 20 years of firearms experience. He is also an NRA-certified Pistol Instructor, Chief Range Safety Officer, and Personal Protection Inside the Home Instructor. In addition, he is a Texas DPS-licensed PSB Instructor for Level II and Level III private security classes. As of 2014, Michael has taught over 7,000 applicants the required material to obtain a Texas CHL, and has a 99% success rate.