A local coffee chain serving in Washington, of cryptocurrencies took a bold step to ensure its widespread acceptance.
According to Fox Business, Compass Coffee, a coffee brand with sixteen stores in Washington, D.C. to its customers USDC The largest crypto exchange in the USA to offer payment options via coinbase partners with.
To showcase the potential of cryptocurrencies, customers who pay with USDC at Compass Coffee’s Half Street location will receive a 90% discount on their order, as well as an NFT that can be used to redeem a free Coinbase-branded can of coffee.
The USDC payment option will initially only be available at the Half Street store, but Compass Coffee has stated that it plans to expand it to its other branches in the future.
While Coinbase and Compass Coffee aimed to reduce the credit card transaction fees paid with this move, they gave a message about saving money by using the coffee cups in their Half Street store.
in glasses “The estimated credit card transaction fees paid by US merchants in 2022 were $126 billion, a figure that is 2.5 times the entire US coffee shop market. But over 99% of this could have been recovered using blockchain technology.” Wrote.
As you may remember, large companies such as Starbucks, Subway and AMC Theaters have previously accepted cryptocurrency payments.
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