Many restaurant chains from parent company Landry’s will begin to accept Bitcoin as a form of payment for meals.
In an interview with CNBC yesterday, Landry’s Chairman and CEO Tilman Fertitta said that “80% to 90%” of the company’s restaurant brands – including the Bubba Gump Shrimp Company, Morton’s The Steakhouse and Mastro’s – would accept Bitcoin (BTC) and other cryptocurrencies. . in the next 90 days. Fertitta said the move was a step towards making crypto mainstream.
“It’s amazing how simple it is [a crypto] transaction is, and it is here to stay. This is where it is, and inevitably this would happen, ”said Landry’s CEO.
The Bubba Gump Shrimp Company, inspired by the 1994 movie Forrest Gump starring Tom Hanks, has more than 30 restaurant locations in the United States, Japan, the United Kingdom, Hong Kong, China, Indonesia, Mexico, Canada, the Mariana Islands and Qatar. Fertitta also owns a Houston luxury car retailer called Post Oak Motor Cars, which has been accepting BTC since 2018.
Some high-profile food chains and restaurants are now open to accepting Bitcoin, but the volatility of many cryptocurrencies can make it difficult to use as a reliable medium of exchange. The first bar and restaurant to ever accept BTC as a form of payment – Room 77 in Germany – closed in October after more than a decade, seemingly due to pandemic constraints.