FOR IMMEDIATE RELEASE

7 A.M. – January 28, 2014

Updated March 9, 2015

AUSTIN, TX (January 28, 2014) – Beginning Monday, January 27, 2014, Central Texas Gun Works, owned by Michael Cargill, became the first firearms retailer of Texas to accept online payment in the new Bitcoin (www.bitcoin.org) currency system, an innovative payment network changing the way consumers use digital currency. Starting today, Wednesday, January 28, 2014, Central Texas Gun Works will accept Bitcoin for all in-store transactions, including the sale of firearms, ammunition, accessories, and class registrations.

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 Blockchain (blockchain.info) as its Bitcoin services provider.

“We are thrilled to be able to accept Bitcoin, a new, innovative form of payment, from our customers,” says Central Texas Gun Works owner, Michael Cargill. “We hope by using this currency in Austin, it will help to generate new customers and attract 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.