Wings and Rings is a sports bar/restaurant that has been operating since 1984. They now have more than 85 locations around the world, and are planning to keep expanding into the future.
Thomas Flaherty, Chief Development Officer of Wings and Rings and Bitcoiner since 2015, has mentioned that they want to start accepting Bitcoin in the restaurant one day. The first step towards that goal happened earlier this year, and it was the ability to accept Bitcoin as payment for their franchise fee, which is currently set at $40,000. Something worth noting is that they are only accepting Bitcoin, not any other cryptocurrency.
They usually get around 6-20 new franchisees every year, but they don't have a clear plan about how to manage the influx of bitcoins into their system:
One option would be to immediately convert it to U.S. dollars and deposit it into the bank. Another would be to convert a portion of it and then keep the remainder for potential investment gains.
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