Despite the volatility and skepticism surrounding bitcoin, an increasing number of businesses throughout the country are accepting cryptocurrency in addition to cash and credit cards.

Customers can pay with cash, credit card, major cryptocurrencies, and soon CamboCoin – a cryptocurrency established exclusively for the restaurant — at CamboFlare, an Asian fusion restaurant in Big Lake, Minnesota.

Since its inception in November 2020, the restaurant has accepted bitcoin, bitcoin cash, Ethereum, and Dogecoin as payment methods. According to owner Mike Nget, it is now one of the few eateries in Minnesota to do so.

However, because so few people pay with cryptocurrency at CamboFlare, the restaurant offers 10 to 50% discounts to those who do. Even in a small town like Big Lake, with a population of 10,000 people, Nget said a few individuals are becoming aware of cryptocurrency, realising that they may safely pay for fried rice with a small bitcoin payment.

“To begin with, there weren’t very many restaurants that accepted bitcoin, so I figured, let’s break down some boundaries,” Nget remarked. “Let’s be one of the first in Minnesota to accomplish that and pave the path for cryptocurrencies to gain traction.”

Some eateries around the country have recently begun accepting cryptocurrency as a form of payment in addition to cash and credit cards. Others are attempting to capitalise on the cryptocurrency frenzy.

The Flyfish Club, which will launch in New York City early next year, is the first private dining club where members can join by purchasing a nonfungible token (NFT), which is effectively a certificate of authenticity based on a unique string of characters linked to a blockchain. The Flyfish token (which gives members access to the club’s 14-seat omakase room, which features tasting menus designed by a master sushi chef) sells for 2.5 Ethereum — about $7,557 today — while the Omakase token (which gives members access to the club’s 14-seat omakase room, which features tasting menus designed by a master sushi chef) sells for 4.25 Ethereum — about $12,847 today.