Restaurant Chain That Converted Cash Reserves Into Bitcoin Says Gold’s Safe H...
A great number of companies have been converting cash reserves into bitcoin during the last few months. At the end of August, the Mediterranean restaurant chain Tahini’s announced the Canadian company converted all of their cash reserves into bitcoin. On Friday, Tahini’s tweeted about the recent crypto reserve conversion, as the team recalled telling the firm’s financial advisor that the precious metal gold and it’s years of being a reliable safe haven are numbered. This year, a great number of private and publicly listed companies have been gathering vast amounts....
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“We keep a working capital for about three to six months in cash, and then the rest all goes into Bitcoin,” said co-owner Aly Hamam. More than a year after a Canada-based Middle Eastern restaurant chain converted its fiat cash reserves into Bitcoin, the owner reported the move helped save the business during the pandemic.According to a Tuesday report from Canadian news outlet Toronto Star, when Tahini’s restaurant owners Aly and Omar Hamam and their cousin Ahmed decided to convert the company’s savings into Bitcoin (BTC) in August 2020 because it offered “a much better alternative to....
Like small- and medium-sized business owners around the world, Ali Hamam was hit hard by coronavirus. But then he turned to Plan B. The post Meet The Restaurant Owner Who Moved His Business Reserves To Bitcoin appeared first on Bitcoin Magazine.
Another restaurant company is adding Bitcoin to its balance sheet. On Everbowl’s website, they claim “At everbowl, we believe the key to life is motion,” and they’re putting their money where their mouth is. Under the Bitcoin standard, a new stage awaits this California-based “quick-serve restaurant chain with over 50 locations.” Are they embracing the […]
Diners in Midtown Manhattan can buy bitcoin from an ATM now that Zen Palate, a vegan Asian restaurant, has a General Bytes bitcoin ATM on the premises. The placement of the ATM at the restaurant on Third Avenue in East Midtown takes Ann Arbor, Mich. -based Bitcoin Brands one machine closer to its goal of operating 100 ATMs. Patrons can buy bitcoins from the unidirectional ATM, which sits on the restaurant's bar and can be seen from the street. The ATM distributes bitcoin from wallets and bitcoin exchanges. Bitcoin Brands, which owns and operates the ATM, pays the restaurant a commission on....
Safe Cash, a blockchain-based cash payment service, claims it can handle 25,000 transactions per second – more than 3,000 times as many as the bitcoin network – bringing cash into the electronic ecosystem. Safe Cash is an end-to-end secure payment platform giving banks, businesses and consumers instant and final cash-based transactions. Banks provide tokens redeemable for cash, allowing cash to be used as a digital asset. Transaction settlement occurs in less than 5 seconds. “It (cash) is the only payment today that hasn’t been brought into the electronic ecosystem,” a video noted on the....