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Broilers for bitcoin: Dealer becomes first to accept cryptocurrency

Bitcoin

Restaurant equipment dealer CKitchen claims it has become the first in the industry to accept cryptocurrencies as valid payments.

The New York-based company has teamed up with cryptocurrency exchange Coinbase to allow customers to pay for equipment using Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Dogecoin (DOGE), USD Coin (USDC), Dai (DAI), and Litecoin (LTC).

CKitchen said its executive board arrived at the “landmark decision” to make payments easier for its diverse clientele.

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By accepting cryptocurrency payments, the company will also hold the offered options on its balance sheets, signaling a major shift in the commercial kitchen equipment industry, it added.

With an already fast-paced transition to digital payments and currency options during the pandemic, CKitchen predicts that the restaurant industry will increasingly switch to decentralized payment methods.

It said cryptocurrencies were an unmissable component of a rising tech-influenced economy and would make the business accessible to restaurant and food entrepreneurs of the future.

CKitchen was originally set up as a brick-and-mortar business nearly 40 years ago and has grown to become one of the largest restaurant equipment suppliers in the country.

Tags : bitcoinCKitchenCryptocurrencydealersfoodservice equipment
Andrew Seymour

The author Andrew Seymour

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