130 Coffee Shops in Europe Started to Accept and Sell Crypto
Be honest: shopping with cryptocurrency isn’t always the easiest experience. Even if price volatility is on your side, spending funds can be nightmarish. Crypto is gaining in popularity but many merchants still don’t accept it – meaning you are stuck with those age-old, boring options of paying by card or cash.
A “technology enabler” startup known as Cyclebit is aiming to simplify things by enabling stores to serve as “cryptocurrency gateways” – enticing crypto enthusiasts to come and spend their coins with them and inject some new funds into the economy.
The idea has already started to gain traction – and Cyclebit is already working with businesses in Europe and South Korea. According to the print version of the Spanish business newspaper Expansión from 16 Oct 2018, the crypto payment technology is being rolled out in Nostrum – a network of 130 coffee shops throughout Spain – which has just started accepting and selling Bitcoin.
Read more about it
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