Bitcoin (BTC) and Litecoin (LTC) adoption on the rise

Bitcoin Litecoin

A famous New Jersey-based Italian eatery, Pompton Lakes, has opened its arms for Bitcoin and Litecoin payments.

When it comes to virtual currencies, many crypto pundits agree for these virtual assets to gain and appreciate, they need to be adopted and be put in use in the way they were designed to, and that is in transactions and exchange of coinage.

While this might not be the case for all digital currencies, some of the renowned virtual tokens like Bitcoin were originally considered as a means to transact between entities with the added advantage of convenience and privacy.

Sadly, even if virtual currency holders were willing to spend their digital assets on transfers and purchases, they would not find many appropriate occasions for doing so. That is why the latest news of an eatery starting to allow payments to be made in cryptocurrency is big news that is worth noting for investors.

Obviously, if more merchants and traders accept and adopt this mode of payment as an alternative to traditional modes of payment, the prices of Bitcoin, Litecoin, and virtual currencies in general, would be supported by real significant values.

Pompton Lakes Eatery Accepts Cryptocurrency Payments

Monica’s Restaurant is old but modern wine and dines eatery joint that is situated on Lakeside Avenue in Pompton Lakes in New Jersey. Recently, the Italian Restaurant came out to announce to the public that they now allow their clients to pay for their meals in virtual currencies as an alternative to fiat currencies.

Monica’s Restaurant sees this move as a marketing strategy that would entice a younger generation of customers to come and dine in their establishment. Patrons can now pay for their dishes in Bitcoin and Litecoin.

Irrespective of virtual currencies becoming far-reaching in the last few years, it is still the youthful tech-savvy generation who are mostly involved with these digital assets. An Italian eatery accepting payments in digital currencies such as Bitcoin and Litecoin could be too cool to miss checking it out for patrons who are into cryptocurrency.

Questions like, how will it work, is it for real? – are the type of questions that the restaurant is counting on to increase the flow of customers to their premises. Atila Ajdinovski, the owner and founder of the eatery mentioned:

“Right now, our clientele comprises of an older age group. We hope that by accepting cryptocurrency, it will bring in the younger crowd”

Are Cryptocurrency Payments the Future?

According to a high representative of payment processing firm Nationwide Merchant Solution, Jon Moore, Monica’s Restaurant is currently among the 20 New Jersey establishments that he has assisted in embracing virtual currency. Nationwide Merchant Solution is a payment processing company that helps customers in New Jersey to accept payments in virtual currencies.

At the moment, Jon has assisted more than 20 businesses in implementing cryptocurrency as a mode of payment in their businesses. According to Jon, many of these businesses that have adopted cryptocurrency operate in the e-commerce industry. He believes having an eatery accepting payments in Bitcoin and Litecoin is especially thrilling for crypto followers as it will bring attention to the virtual currencies from a new block of people.

Originally, e-commerce businesses offer cryptocurrency mode of payments to their customers who already know about cryptocurrency. However, restaurants, on the other hand, are displaying this information publicly for all visitors to see and get the news. This is helping in spreading cryptocurrency’s popularity and adoption process to the general public.

How to Pay for Food Using Bitcoin or Litecoin

The process of paying using virtual currencies in Monica’s restaurant is simple and easy to understand as it entails transferring digital money from one wallet to another. What happens is Monica’s restaurant displays a QR code to its patrons, who are given the option to scan the code and effect the payment. After completing the process, the restaurant is alerted of a Bitcoin or Litecoin payment that has been transferred into their respective wallet immediately, rendering the payment process complete.

The use of cryptocurrency is quickly gaining pace as a viable mode of payment in New Jersey and around the world. It is a mode of payment worth trying out (and sticking to).

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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