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This cafe accepts CRYPTO as a form of payment

This cafe accepts CRYPTO as a form of payment
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Published: 23:43 EST, January 3, 2022 | Updated date: 02:32 ET, Jan 4, 2022 by Karina Stathis for Daily Mail Australia

Crypto Coffee in Brisbane has embraced the growing trend and has named menu items after popular digital currencies – including Bitcoin, Ethereum and Ripple.

The local café is the first in Australia to accept cryptocurrency as a form of payment.

Unlike cash, cryptocurrency is completely digital and can be used to buy goods and services – but is often exchanged for a profit online if the price goes up.

Customers can also get $20 worth of Bitcoin after visiting the café and subscribing to the new cryptocurrency platform Swyftx.

Crypto Coffee in Brisbane is one of the first coffee shops in Australia to accept cryptocurrency as a payment method

Unlike cash, cryptocurrency is completely digital and can be used to buy goods and services but is often exchanged to make a profit online if the price goes up.

Fresh salads with avocado, chicken, and fruit juices are also available, along with specialty coffees.

The all-day menu includes XRP (Ripple) mashed on toast, Doge BLT sandwich, ham and cheese and tomato ETH (Ethereum).

Prices range from $6 for two slices of Shiba toast to $18.90 for a massive coded breakfast complete with two hard-boiled eggs on sourdough toast, mushrooms, sausage, avocado, and bacon.

But in order to buy, trade and use cryptocurrencies, consumers need to use specific platforms, such as Swyftx which is the latest in the country.

Customers can also get $20 worth of Bitcoin after visiting the café and subscribing to the new cryptocurrency platform Swyftx.

In order to buy, trade and use cryptocurrencies, consumers need to use specific platforms, such as Swyftx which is the latest in the country

Crypto Coffee is open seven days a week and will likely pave the way for future coffee shops to start using digital currency as an alternative payment option.

The cafe also accepts cash and eftpos.

In a YouTube video, financial expert Queenie Tan said that crypto “comes from the word cryptography, the art of solving puzzles, while ‘currency’ is a means of exchanging goods and services.

Unlike physical currencies such as the Australian dollar or the US dollar, cryptocurrency is completely digital and “decentralized” – meaning that it is not under the control of any bank or government.

Before diving into how to buy cryptocurrencies, it is essential to understand what they are and why they are a popular talking point in the digital sphere.

Queenie uses Swyftx which has a relatively low fee of 0.6 percent and no deposit or withdrawal fees – although some alternatives include CoinSpot and Crypto.com.

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