Wednesday, September 18, 2019

Food to be Ordered in Over 1400 Restaurants in Denmark Using Bitcoin

After discontinuing its Bitcoin payment service in 2017, Hungry.dk has started receiving the virtual currency again. This is an online platform where over 1,400 restaurants in Denmark offer catering services to the public. Therefore, customers will now be able to pay for food using Paypal, Apple Pay, credit card, or Bitcoins.

Delay in Transactions Leads to Discontinuation of Bitcoin Option

In a press release, the company revealed that they were accepting Bitcoin payment since 2014. But then, due to the delay in transactions as at late last year, they had to discontinue the service. This was only a temporary development which has led them to restore the use of the coin.

They also confirmed that the problem had been resolved and transactions can now be done seamlessly. Accordingly, those who patronize the restaurants featured on their website can use their digital asset to order for Pizza, Sushi, etc. Right from their iOS or Android smartphone, residents of the Northern European country can make orders.

The Company is Undeterred Despite Bitcoin’s Falling Rate

Despite the volatility of the market, it has not deterred the company from receiving payments in Bitcoin. It is also expected that customers may be willing to trade their digital asset for food. This is because there are still uncertainties on where the price of the cryptocurrency will end up relatively soon.

Probably, the company is trying to take advantage of the falling prices to store up for better days. This can be attributed to the fact that several merchants stopped receiving Bitcoins in late December 2017, when the price of the digital asset was on the rise. But of recent, there has been an increased adoption despite its falling rates.

Related Article:  KPMG: Bitcoin Cannot Be Classified As Store of Value Yet

More Countries Adopting Cryptocurrency as a Method of Payment

In Texas, for instance, tax payments can be made using the cryptocurrency. It was revealed in November this year that companies who want to pay taxes can opt to do so with the digital currency. Also worthy of note, is that Starbucks plans on allowing customers to convert Bitcoin to the dollar for them to buy coffee.

France, on the other hand, may start allowing Tobacco stores to sell Bitcoin in 2019. Also, one of India’s top bookstores began accepting Bitcoin as a method of payment for books. This is an online platform that has been operating since 2001, and it is one of the few companies in the country to accept a virtual currency.

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