Major restaurant chain to accept Bitcoin as payment

No more need for Visa or Mastercard or Amex.

The Chairman and Chief Executive Officer of Landry’s Hospitality Group that operates restaurant chains such as Morton’s Steakhouses and Bubba Gump Shrimp Co., was thrilled to announce that very soon, most of his restaurants will accept the digital currency Bitcoin (BTC) as payment.

In an interview with CNBC, Landry Chairman and CEO Tilman Fertitta said, “We’ll have it, probably, within all of our restaurant brands — or 80% to 90% — in the next 90 days, where you don’t have to use a Mastercard or Visa or American Express anymore.”

The official also added, “You can use Bitcoin or other digital currencies.”

Bitcoin as payment

Fertitta also shared that as early as this week, some select locations of Mastro’s, one of the group’s chains, will be accepting the Bitcoin as payment.

Meanwhile, it would appear that this won’t be the first time that the CEO will have experience in being paid through digital currencies.

It has been previously reported that in Texas, a car dealership that Fertitta owns has been accepting Bitcoin as payment since 2018. Moreover, he noted that his NBA franchise Houston Rockets has also been taking the cryptocurrency as a form of payment.

Growing acceptance of Bitcoin

Almost three weeks ago, major real estate company Caruso announced its plans to accept Bitcoin as rent payment. Last month, electric vehicle maker Tesla Inc has also started accepting the digital currency as compensation for their products.

Major companies such as the two mentioned earlier accepting Bitcoin as payment and the growing number of companies that hold the virtual currency on their balance sheets indicate that there is a major boost into the mainstream adoption of Bitcoin.

In fact, Fertitta was not short in giving positive feedback about the crypto, saying, “it’s amazing how simple the transaction is, and it is here to stay. This is where it is, and it’s inevitable that this was going to happen.”

 

Image courtesy of Cointelegraph News/YouTube

Micky is a news site and does not provide trading, investing, or other financial advice. By using this website, you affirm that you have read and agree to abide by our Terms and Conditions.
Micky readers - you can get a 10% discount on trading fees on FTX and Binance when you sign up using the links above.