In April, Austin steakhouse III Forks said it would enter the blockchain space by accepting Bitcoin through BitPay on the Bitcoin Lightning Network.
III Forks, owned by CRO, Inc., is the company’s first restaurant to begin accepting Bitcoin. Customers can now notify their server at checkout that they wish to pay their bill in Bitcoin, the III Forks team will then present them with a BitPay invoice QR code for customers to scan next to the table.
Owned by CRO, Inc, III Forks is the company’s first restaurant to begin accepting Bitcoin. Customers can now say they want to pay the bill in Bitcoin to their server at checkout, whereby the III Forks team will move the BitPay invoice QR code for customers to scan next to the table.
President of CRO, Inc.’s Steakhouse Division, Curtis Osmond, said in an interview that Bitcoin has become a frequent topic of discussion among his customers and as a result, restaurants have embraced Bitcoin as a new form of payment.
Osmond applauded the Lightning Network’s ability to allow any business, including III Forks, to accept dollars in any currency. He further notes that he does this for part of the standard credit card fees. He then advises to use a “reputable platform, with a simple and well-designed interface”.
Speaking about Texas and the city of Austin, Osmond says Austin’s “historic history” at the forefront of technological developments will not push the city to embrace cryptocurrency, especially Bitcoin.
The Austin City Council has greenlit a measure that will release a study on the city adopting Bitcoin along with other cryptocurrencies for city taxes, penalties and fees, in late March.
The local ATX DAO was also pleased with the council’s decision to move forward with its decision to improve the city’s infrastructure.
But, other groups, such as the Austin Justice Coalition, have said there is cause for concern if it becomes the top priority among other city priorities that talk about Bitcoin mining. Bitcoin’s electricity consumption is more than 121 terawatt hours per year, according to researchers.
Forks III Future Plans
Additionally, Osmond revealed that CRO, Inc. intends to continue evaluating the use of BitPay for other restaurants in the company. He goes on to say that they are always looking for creative ways to improve the dining experience.
He believes the avant-garde has a chance to offer an unprecedented level of hospitality and enjoyment as many new technologies are on the horizon.