{"id":46123,"date":"2021-06-09T10:32:25","date_gmt":"2021-06-09T06:32:25","guid":{"rendered":"https:\/\/lovin.co\/dubai\/en\/?p=46123"},"modified":"2021-06-09T10:33:52","modified_gmt":"2021-06-09T06:33:52","slug":"crypto-dubai-1","status":"publish","type":"post","link":"https:\/\/lovin.co\/dubai\/en\/news\/crypto-dubai-1\/","title":{"rendered":"Trading Your Lunch: Restaurants Taking Crypto Payments"},"content":{"rendered":"
Everyone’s talking about BUYING Crypto, but who’s actually spending it?<\/p>\n
Investors who followed Doge to the moon or invested well in other online currencies, Bitcoin, Ethereum, <\/b>XRP, Tether or others might like the opportunity to cash-in their investments, and one Twitter user posted<\/a> this pic claims that a Dubai caf now accepts different types of online currencies for payment. (*The location and date of this image is not verified).\u00a0<\/em><\/p>\n This wouldn’t be the first time a venue in Dubai accepted Crypto for payment. Back in 2014, The Pizza Guys, a Business Bay pizza place pioneered small Crypto transactions when they started accepting Bitcoins for payment (The Pizza Guys has since closed).<\/p>\n <\/p>\n While supporters of Crypto will argue that we are very much in the development stages of digital currencies, and that will all change and Dubai, in particular, is at the forefront of Crypto in the region with more and more industries jumping in to take Crypto for payment.<\/p>\n Kiklabb, a government-owned licensing entity, started accepting certain types of Crypto for payment in February 2017<\/a>.<\/p>\nTrading your lunch: Restaurants taking Crypto for payment<\/h2>\n
One early judgment for the online currencies is the fact they are not yet a substitute for cash<\/h2>\n