Your Favorite Restaurant Chains Could Soon Take Bitcoin
The world has gone cryptocurrency crazy. Investors in Bitcoin and other blockchain-based currencies have become millionaires seemingly overnight, inspiring average Joes and Janes to jump into decentralized online currencies without fully understanding what they are. Soon, those people (and the people who know what they’re doing) could finally have a tangible use for their Bitcoins: buying cocktails and food at Bubba Gump Shrimp Co., Morton’s Steakhouse, Rainforest Cafe and six other chain restaurants.
Tilman Fertitta, the billionaire owner of the restaurant management company Landry’s Inc., told Money that he’s looking into accepting Bitcoin at his restaurants. It might not be long before you can buy a 22-ounce Bubba Gump Hand-Shaken Margarita (with a souvenir glass) for the low, low price of 0.00123 Bitcoin (based on the current price of $11,000).
“We try to always be on the cutting edge,” Fertitta told Money. “If I’m a betting man, I’m expecting [Bitcoin] is here to stay.” He rationalized the choice with the nihilistic, nothing-is-real-anyway statement that “all money’s kind of invisible—it’s just a number on a paper.”
Fertitta’s comments are coming as cryptocurrencies are slumping in value. Bitcoin hit its high (close to $19,000 for a single Bitcoin) in December 2017, and the value now hovers around $11,000. But if it proves stable in the long run, it’s not unreasonable to believe that more businesses could take Bitcoin as payment. According to the website CoinATMRadar, there are 2,107 Bitcoin ATMs and more than 40,000 business around the world that already accept Bitcoin payments.
Forrest Gump would have never seen this coming.