A restaurant in Nyeri, Kenya will be one of the few businesses in the country to accept Cryptocurrency payments. Betty place Restaurant announces that it will now allow its customers to pay for their meals using Bitcoin.
Despite the current crypto bear market and the warning from The Central Bank of Kenya, the restaurant embraced the payment option. The Central Bank of Kenya governor Patrick Njoroge warned that investing in the virtual currency could lead to massive money loses:
“From our perspective that (bitcoin) is something we cannot support. It is a bubble of a kind. It is dangerous. Be ready to lose all your money,”
The restaurant owner, Beatrice Wanjiru Wambugu, a cryptocurrency enthusiast, said she already has customers paying for their meal using bitcoin. She said they made payments equivalent to Sh4,000 ( currently 0.00636 BTC ).
The restaurant has set the minimum BTC payment at Sh100 (currently 0.00015 BTC). To pay for services at the restaurant with bitcoin the customers are required to have a digital wallet, which is a mobile phone application that allows users to manage (store, send and receive ) digital assets, in this case, Bitcoin.