In what could be considered the biggest irony of the world known, a California-based restaurant has stopped accepting cryptocurrency as a payment method. The restaurant Bored & Hungry was founded in the first place to accept currency. Now, you should take out your pocket full of Ethereum and Apecoins wherever.
The Gastronomy Magazine is a special place.
The Los Angeles Times reports that the Long Beach burger joint, which just opened its doors back in April, is feeling the repercussion of the recent crypto crash. As such, the payment method is only in USD, without a word on when it’ll come back to using crypto.
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In earliest years, the restaurant embraced all the aesthetics of the crypto-era, including walls, the rumors and tableware and the sandpaper – a lukewarm art slurled in a coin-painted manner. That meant, too, paying for physical things, instead of using the newly popular digital currency. The menu was a standout, with all restaurants’ meals priced at USD and in other currencies.
Fast-forward a few months. You won’t find the references to cryptocurrency on the joint menu. In fact, the prices on the items are only quoted in US dollars. While the Times could not find out how it felt about this sudden change, an anonymous employee shared that they don’t know when or if the store would open up the crypto store again. It isn’t just another option that we’re offering now.
Despite that, the only ones who spoke to the Times very few showed little interest in the e-currency. Many noted that when the digital currency became a payment option, they still opted for US dollars. Those who simply didn’t understand the new currency enough to bother them, even though they are keen to keep on their Ethereum for the day the market changes.
In a time when e-currencies like Bitcoin drop to a third of their value (Ethereum has lost a whopping forty percent of its value in the last month alone), it’s difficult to determine how the cryptocurrency market bounces back. Although it was hard to imagine how much type of crypto used is used to say, don’t let that be ignored.