Bek N More will accept crypto as payment– A cafe in Dubai announced that it will accept cryptocurrencies as payment for purchases- Mohammad Al Hammadi, the owner of Bake n More stated that the company is currently paying employees salaries in fiat currency, but did not rule out that they would pay employees salaries in crypto,
Not only has the cryptocurrency been a part of fast food restaurants, but cafes are also adopting it. Dubai-based Bek N More has announced that it will accept cryptocurrency as a form of payment, becoming the first cafe to accept cryptocurrency.
Bek N More will accept crypto as payment
Cafe owner Muhammad Al-Hammadi announced that the company is currently paying employees in fiat currency, but did not rule out that they would pay employees in cryptocurrency. We will not limit ourselves in the future.”
According to Triple-a.io, there are approximately 300 million cryptocurrency users globally and the UAE has around 150,000 users, and this number is steadily increasing.
Al Hammadi also said that with these figures, it is not difficult to see the untapped market in the UAE. Also, more importantly, I was using Mixin Messengerand its wallet. I feel very safe and easy to use this wallet to hold my crypto.
“We still accept cash and credit card payments but have added encryption to extend access to different users. We want Bake n More to be a coffee and pastry hub for crypto users in the UAE.”
In response to a question about how much coffee costs in cryptocurrency, Al Hammadi said:
“Our payment system changes accordingly because it is linked to a price graph. If a bottle of water costs 5 dirhams, the system divides this by the graph rate, we can assume 3.68, and based on that the cost is calculated. The calculation is done.The calculation will be 1.35 UST.
Knowing that TeraUSD (UST) is the decentralized and algorithmic stablecoin of the Tera Blockchain. Its value is also pegged at 1:1 in US dollars. The cafe will also announce the opening of its doors immediately on March 29 this year.
Bek N More will accept crypto as payment- A cafe in Dubai announced that it will accept cryptocurrencies as payment for purchases- Mohammad Al Hammadi, #acceptcrypto #BekNMore #crypto #Cryptocurrencies #Tripleaio #deeanatech #cafeBekNMore #AcceptPaymenthttps://t.co/bOHnKqVm5x pic.twitter.com/S6gBBwxqCR— DEEANA TECH (@DeeanaTech) March 29, 2022