News

Exchanging Your Bitcoin For Food Is Now Possible In Kenya

A Kenyan restaurant now offers a bitcoin payment option along with cryptocurrency lessons. The innovation of the restaurant is aimed at making the restaurant global as the world is becoming more global according to the restaurant owner.

Towards A Global Restaurant

A local Kenyan restaurant, known as Betty’s place and owned by Beatrice Wambugu, now allows its customers to pay for its services using bitcoin and other cryptocurrencies. The restaurant is located in Nyeri, a rural town that is located about 150km from the capital of Kenya, Nairobi. The restaurant is famous for a local dish known as “nyama choma,” a barbecue mutton dish popular in the country.
Wambugu stated that the choice of accepting digital currencies for payment in the restaurant is aimed at making the restaurant global. Wambugu noted that since the world is becoming global, the restaurant is also becoming global as it attracts customers from different parts of the world regardless of the type of coin they are holding. As long as it is tradeable, the restaurant will accept it.
The choice of accepting cryptocurrencies seem to have reaped a great dividend for the restaurant as the venture has experienced a massive expansion over the past 12 months. The restaurant has acquired a nearby two-story hotel that has become the location of the restaurant over the past twelve months.

A Cryptocurrency Usage Learning Center

The restaurant is not only serving as a means to spend your crypto holdings for sumptuous delicacies, but it has become a center for the acquisition of the technical know-how of cryptocurrency usage.
The restaurant has been involved in teaching the residents on how to use cryptocurrencies. The earnings from cryptocurrency payment have become a channel to sensitize and incentivize more people into spending cryptocurrency at the restaurant.
Wambagu stated that a day had been set aside to teach their customers. Noting that whoever asked how does it work? What is bitcoin? They are trained.
Cryptocurrency has been very relevant to a large population of Africans and south-east Asians that lack access to basic banking facilities. While crypto use by restaurants in Africa has not become so prominent, western restaurants and hospitality services have seen the adoption of cryptocurrency more than Africa.

Related posts
AltcoinsAnalysisHideCryptopanicNewsNews 1SocialTrading View

Binance Coin, NEM, SUSHI Price Analysis: 10 March

Binance Coin projected an upside above the $305-level if its on-chain metrics uphold its bullish signals. NEM fell sharply on the charts and a move below its press time support could highlight the nexThe post Binance Coin, NEM, SUSHI Story…
cryptocurrencyCryptocurrency NewsIndiaNews

Internet and Mobile Association of India appeals to the government not to ban Crypto

India has a very interesting and complicated relationship with the cryptocurrency industry. In the past, crypto businesses were prevented from receiving banking services by the Reserve Bank of India. This led to many crypto-related firms in India either closing down…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTMarketsNewsxbtusd

If this historic pattern plays out, Bitcoin will smash $300k in no time

Historically bullish patterns have been trailing the Bitcoin market scene, signaling a potential price pump to a new all-time high. Like many other indicators, a bullish pattern has once again been spotted. This time, the estimated price unseats all previous…