From Temperance Tokens to Bitcoin: How a 274-Year-Old Coffee Company is Preparing for the Future
Press Release
Pumphreys Coffee, established in 1750, is welcoming modern financial technologies to meet the challenges of today’s economy. Rooted in a long history of community and innovation, Pumphreys is now accepting Bitcoin as part of its long-term growth and sustainability strategy. This plan will help ensure the company prosper for generations to come.
Under the leadership of the Archer family, now in its third generation, Pumphreys is extending its reach both in-store and online, focusing on consumers who are passionate about creating a stable and sustainable monetary system.
A Legacy Rooted in Community
Pumphreys has always been more than just a coffee company. For over two centuries, under Quaker ownership, it issued temperance tokens during the 19th century to support social causes and provide safe alternatives to alcohol. Today, that same spirit of advancement is driving the company to explore new payment systems that reflect changing financial systems.
“Much like the temperance tokens helped foster a healthier society, we’re adopting Bitcoin to contribute to a more sustainable financial system,” said Stuart Lee Archer, the current owner of Pumphreys Coffee. “We want to ensure Pumphreys remains a vital part of the community for the next 275 years.”
Just as society once transitioned from gold and silver to paper money, we now see a move towards decentralised digital currencies like bitcoin.
Adapting to Economic Pressures
Since the pandemic, the UK economy has been hit by inflation and rising costs. The UK government has injected over £450 billion in stimulus, reducing purchasing power. For small businesses like Pumphreys, these challenges make profitability harder to maintain.
“Small businesses like ours are feeling the impact of an overstretched monetary system,” said Archer. “The sheer amount of currency that has been introduced into the economy is squeezing margins and making it harder to maintain profitability. We are taking steps to safeguard Pumphreys against these economic challenges. Inflation and excessive money printing are squeezing margins, so we’re adapting,” Archer added. “We’re partnering with Musqet to reduce transaction costs and adopt financial tools to safeguard our future.”
Bitcoin And Digital Payments
The coffee industry, like many others, is facing a shrinking cash economy and rising fees from traditional banking services. Pumphreys, in response, is moving toward digital solutions that benefit both businesses and consumers.
“As banks close branches and increase fees, digital payments have become essential. Bitcoin offers a more efficient, resilient alternative,” said Archer. Pumphreys has begun holding Bitcoin on its balance sheet as part of a long term roadmap to manage economic risks and position itself for future growth.
A Forward-Thinking Vision
Pumphreys Coffee has always prioritised sustainability, transparency, and community involvement. The company sees exciting opportunities to integrate new financial technologies to directly support coffee farmers. “We envision a future where we can transact transparently with suppliers, providing fair compensation directly to farmers, with minimal friction,” said Archer.
“Our goal is to streamline operations, strengthen supplier partnerships, and provide greater value to our customers while honouring our heritage,” said Archer. “By embracing forward-thinking strategies, we’re committed to securing Pumphreys’ legacy for generations to come.”
Pumphreys Coffee remains focused on honouring its heritage while evolving with the times. By implementing a progressive outlook, the company is committed to providing excellent customer service and ensuring its legacy stands the test of time.