Canadian restaurant chain reports earning 300% gains on BTC investment to wea...
“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....
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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....
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 […]
And they’re out here absolutely schooling non-believers on why crypto is king. A Canadian restaurant chain known for serving shawarma, hummus, and other Middle Eastern delicacies has dropped some serious truth bombs about why Bitcoin (BTC) is a better store of value than gold.In a series of tweets, Ontario-based Tahini’s Restaurants explained why Bitcoin — and not gold — is the best way to preserve one’s wealth. “We looked our financial advisor in the eye and told him gold will turn into a scam because of bitcoin,” Tahini’s tweeted, before explaining why “gold’s years are numbered.”....
While technological innovation is seldom heard of in the restaurant industry, New York City-based entrepreneur Javier Dutan saw a chance to innovate using Bitcoin. Dutan is CEO of Novaux, a restaurant point-of-sale (POS) system with Bitcoin at its heart. Dutan saw a clear opportunity in the NYC restaurant business, which has over 22,500 restaurants, most of them using point-of-sale systems that charge varying but unanimously high bank fees and charges. He realised that Bitcoin could be just what the restaurateurs needed. The stress of running a restaurant in New York City has certainly not....
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....