Canadian Restaurant Swaps Entire Cash Reserve for BTC

By Abhimanyu Krishnan | News | 20 Aug 2020


Tahinis, a restaurant in the Canadian city of Ontario, has converted its entire cash reserve into Bitcoin (BTC), the team revealed in a tweet posted on August 18.

  • The Mediterranean restaurant chain stated that the conversion took place because of a belief in Bitcoin as a hedge
  • Team talks about how the pandemic has hit business, and that re-employing workers has been difficult
  • Once business got better, management decided to convert to BTC because of the excess cash circulating the economy, and saying it was a better alternative to “saving cash”
  • Team also references MicroStrategy’s recent $250 million investment in Bitcoin and other assets

How do you rate this article?


24

1

Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


News
News

Official Publish0x Crypto News Channel

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.