California’s restaurant chain plans to adopt Bitcoin

EverBowl believes current traditional payments options are not better and we are in the initial phase to adopt Bitcoin.

After the initiative of El Salvador with Bitcoin adoption, many government officials and companies are officially planning to go with Bitcoin adoption in the payment system. However in El Salvador, many companies (financial, tech, and non-tech) are accepting Bitcoin continuously under laws. But it is not easy for those companies, which are not in El Salvador, to adopt Bitcoin. However there are many issues with Bitcoin adoption like rules and law but still, companies are going with it, which is a clear meaning that Bitcoin is standing at a different in the financial system with a unique form of money. 

On 5 February, the founder and CEO of Everbowl, Jeff Fenster, shared his plan of Bitcoin adoption in an interview with Yahoo Finance. 

Jeff stated that the use of cash-based payment options in the present modern time is not much beneficial. 

“We’ve concluded that running the business exclusively on cash isn’t the most advantageous, nor the safest, method of running a business in 2022 and beyond.”

Everbowl CEO also noted that we are still in the initial phase of Bitcoin adoption, whether it is a country or any company, but still we will go with giving our support to bitcoin. 

” I understand that it is still early in terms of corporate adoption, as well as governmental adoption of Bitcoin, but we plan to contribute to this cause by leading with our example.”

Michael Saylor, CEO of business intelligence firm Microstrategy, also shared this news on his official Twitter handle and notified his followers that Everbowl is going to support Bitcoin by reserving its fund in Bitcoin. 

California-based, craft superfood chain, Everbowl, will now run its business operations off the Bitcoin Standard and is converting cash reserves to #Bitcoin.https://t.co/Fq95HbVF7A

— Michael Saylor (@saylor) February 4, 2022

However, it is not 100% confirmed but reportedly Everbowl may give the option to its employees to accept salary partially in Bitcoin. 

Read also: Jack Dorsey’ UBI plan to push the adoption of Bitcoin