[2017-06-29] Valenok Becomes First Restaurant in Moscow to Accept Bitcoin

[ivanpoldark]

A large dining establishment in the center of Moscow reportedly became the first restaurant to accept bitcoin payments in Russia’s capital city on Tuesday, according to local media outlets. Valenok is part of the Novikov Group, which owns over 50 restaurants and franchises. Now the company is considering installing bitcoin ATMs as well.

First Restaurant to Accept Bitcoin in Moscow

Felt Boot Restaurant Valenok Becomes the First in Moscow to Accept BitcoinOn Tuesday, several Russian news outlets reported that Valenok has become the first restaurant in Moscow to accept bitcoin.

Named after the traditional Russian type of footwear, Valenok is symbolized by the world’s largest handmade felt boot, its website details. “A symbol of the restaurant is a giant six-meter felt boot (Valenok).” The Russian cuisine restaurant is located on the Tsvetnoy Boulevard in the center of Moscow. The spacious establishment occupies 2 floors, seats 340 people, and an average main course there costs about $10.

Valenok is part of the Novikov Group which owns over 50 eatery projects, including restaurants and several franchises, located in Russia, London, and Dubai.

Mikhail Petuhov, managing partner at Novikov Group, told BFM.ru that his customers are young, modern and sophisticated. He described the time he was asked by a friend why his restaurant did not accept bitcoin so he decided to try it out. Two transactions were made, which was exciting, the publication reported him saying. “In the restaurant business, I had not heard of such examples. So, there is no one to ask, unfortunately,” he added.

Felt Boot Restaurant Valenok Becomes the First in Moscow to Accept BitcoinPetuhov explained how bitcoin payments work at his restaurant: “The seller generates a QR-code that contains the amount to be paid and the seller’s wallet address. The buyer scans this code using his Bitcoin smartphone app and makes the transaction.”

Continue reading - https://news.bitcoin.com/restaurant-valenok-first-moscow-accept-bitcoin/

[SvenBomvolen]

I thought burger King was the first restaurant that began to accept bitcoin in Russia.
Well, as expected Bitcoin and crypto-currencies are developing and spreading in the capital of Russia, but I would like to see some changes in this area in regions, but I think the current situation is normal tend for all countries.

[Carlton Banks]

Restaurants and other IRL merchants are just not a good use case for Bitcoin right now; the tx fees have increased too much and RBF is now up and running. Bitcoin as a settlement layer is already reality in that regard.

IRL, physical businesses need instant settlement, real cash. Only additional networks layered on top of Bitcoin can provide that. So this news is a little pointless, as with the Burger King news. Who wants to pay the same amount as a whopper burger just to send the BTC to a Burger King outlet? We need 2nd layers now.

[carlisle1]

Restaurants and other IRL merchants are just not a good use case for Bitcoin right now; the tx fees have increased too much and RBF is now up and running. Bitcoin as a settlement layer is already reality in that regard.

IRL, physical businesses need instant settlement, real cash. Only additional networks layered on top of Bitcoin can provide that. So this news is a little pointless, as with the Burger King news. Who wants to pay the same amount as a whopper burger just to send the BTC to a Burger King outlet? We need 2nd layers now.

well you have some point who will shoulder the tx fee and for sure both ends will not willing to have additional expense in their behalf
its a good opportunity for more establishment to open a system which will cater btc to be a mode of payments the only issue is what
third party system that will be willing to cover the fees.

[Carlton Banks]

@carlisle1

All currently proposed 2nd layers are fee aggregators, not 3rd party systems. They reduce fees, and enhance transaction privacy. 3rd parties are precisely what Bitcoin frees us from, no point in reintroducing them just to improve the payment experience.