THELOGICALINDIAN - Kopitiam the abettor of foodcourts in abounding Singapore malls has apparent a new acclimation band-aid acceptance payments in bitcoin
Bitcoin-Enabled Food Court
At the KOPItech food-court in the anew refurbished Funan mall, barter adjustment through self-service kiosks or via Facebook Messenger application QR codes amid on anniversary table. More absorbing than this, however, is the adeptness to pay application cryptocurrency. Amongst added acquittal methods, the kiosks acquire bitcoin, ethereum, and creatanium (which charge be accepted in Singapore?).
The KOPItech arrangement amount about S$500,000 (USD $370k) for Kopitiam to advance in-house. The cryptocurrency acquittal advantage was included due to CEO Alden Tan’s own absorption in blockchain.
Interestingly, about-face from cryptocurrency into authorization will booty abode on a account basis, with Kopitiam address the risks of any bill fluctuation. Stallholders will accept acquittal in Singaporean dollars as usual.
If the acknowledgment to the KOPItech food-court at the Funan capital is positive, Kopitiam will accede rolling it out to added outlets, cryptocurrency payments and all.
BTC Acceptance On The Rise Again
It seems like accepting bitcoin payments in retail is on the acceleration again, afterwards a lull that saw abounding aboriginal adopters bead the technology.
Recent months acquire apparent luxury hotels and car dealerships in Switzerland alpha to acquire acquittal in cryptocurrency. And one above US banker is ditching Visa and because acquittal through Lightning Network payments at its civic chain of biologic stores.
New technologies and acquittal processors beggarly that it is easier than anytime to start demography bitcoin payments. Conversion to and from authorization can additionally be candy instantly, so there is no charge to betrayal a business to the vagaries of amount volatility.
How big do you anticipate this is for bitcoin adoption? Let us apperceive your thoughts in the animadversion area below!
Images address of Shutterstock
