MenuBuzz Empowers Diners to Pay For Their Coffee With Crypto
MenuBuzz makes dining easier by enabling customers to order and pay with Bitcoin/Ethereum then converts and deposits dollars into the restaurant’s account.
When the MenuBuzz team first conceived of accepting bitcoin payments for diners globally, they knew it would have a big impact on the industry by offering a real world use for cryptocurrencies. To do this, they would first have to overcome limitations inherent in paying with Bitcoin and Ethereum. Small transactions, like in restaurants and bars, were not realistic due to huge price fluctuations, long transaction times, and high fees. The Bitcoin network simply wasn’t built for this type of small transactions and the prior knowledge required by the business owner limited its reach to technologically advanced users only. MenuBuzz radically changed this by offering businesses a simple interface for their diners to order and pay for their food and drinks with crypto.
With MenuBuzz, customers fund their MENU CryptoWallet with Bitcoin and Ethereum, select what they want to eat or drink, and pay for the orders as per usual. The business owner’s account is credited with dollars so there’s no need for them to understand what a blockchain is to start accepting cryptocurrencies. Exceptionally simple, but powerful in its simplicity.
"MenuBuzz makes dining easier with crypto.”, says Scott Kirk, CEO of MenuBuzz. “We provided a global payment solution that allows customers to order and pay with cryptocurrencies then converts and deposits dollars into the restaurant’s account. "
MenuBuzz accomplishes this through their utility token aptly named MENU. These prepaid MENU Tokens have an intrinsic value that doesn’t fluctuate, payment times are near instantaneous, and the customer pays no additional fees when making a payment. MENU Tokens are vouchers redeemable for food & beverages via the MenuBuzz website. Similar to digital gift cards, MENU Tokens are prepaid and can be exchanged or gifted to anyone else. Customers can deposit Bitcoin/Ethereum and withdraw their converted crypto funds to their private wallet anytime.
Tim Draper, the celebrated venture capitalist and bitcoin fanatic, recently was quoted saying "Big Macs and lattes will be purchased by cryptocurrencies sooner than you might think". He was right. MenuBuzz is here now and ready to take your order.