If you like steak, shrimp, and beer, you might be able to garner cryptocurrency rewards for purchasing them. Restaurants such as Bubba Gump Shrimp, Morton’s Steakhouse, and the Rainforest Café – all owned by a corporation called Landry’s – are giving customers a chance to earn digital currency rewards whenever they dine in depending on what meals or products they buy. Landry’s Permits BTC Rewards for Buying Shrimp and Steak Landry’s has partnered with the NYDIG to provide customers with a bitcoin loyalty rewards program at all 500 locations throughout the United States. Customers can earn bitcoin every time they eat out through the points they earn, with every 250 points equaling in BTC. Patrick Sells – chief innovation officer at NYDIG – says that this is a great
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If you like steak, shrimp, and beer, you might be able to garner cryptocurrency rewards for purchasing them. Restaurants such as Bubba Gump Shrimp, Morton’s Steakhouse, and the Rainforest Café – all owned by a corporation called Landry’s – are giving customers a chance to earn digital currency rewards whenever they dine in depending on what meals or products they buy.
Landry’s Permits BTC Rewards for Buying Shrimp and Steak
Landry’s has partnered with the NYDIG to provide customers with a bitcoin loyalty rewards program at all 500 locations throughout the United States. Customers can earn bitcoin every time they eat out through the points they earn, with every 250 points equaling $25 in BTC.
Patrick Sells – chief innovation officer at NYDIG – says that this is a great opportunity for the public to learn more about BTC and gain additional exposure to the growing world of crypto. He states:
Many Americans don’t own bitcoin yet because they haven’t been comfortable going to an exchange and creating an account or they’re not sure about investing their money, and now they’re able to just say, ‘Hey, let me get exposure by dining at a restaurant that I love or trying a restaurant that maybe I haven’t been to.’
Thus far, Landry’s loyalty club has more than three million members. All will be allowed to gain bitcoin each time they visit one of the firm’s restaurants. In addition, the new loyalty program will be rolled out prior to Thanksgiving, which means customers can begin earning BTC within the next two weeks if they wish.
Trey Zeluff – director of digital asset strategy at Landry’s – explained in an interview:
This is a wonderful way to play without really putting anything at risk… With our legacy point system, their value was static, and in the context of inflation, they could even depreciate.
Aside from the rewards system, Landry’s is also getting personally involved in BTC by adding the cryptocurrency to its balance sheet. It has become the latest firm to do so after major institutions such as Tesla began opening their financial chests to cryptocurrency early in the year.
Tilman Fertitta is the CEO of Landry’s. As the owner of the Houston Rockets basketball team, Fertitta has been a major bitcoin fan for some time. He also owns a luxury car dealership in Houston, Texas which has been open to digital currency payments for the past three years (maybe Elon Musk could learn a thing or two from him).
Putting Crypto in the Payment Seat
He commented:
It’s amazing how simple the transaction is, and it is here to stay. This is where it is, and it’s inevitable that this was going to happen.
In addition to permitting crypto payments for said vehicles, he also allows individuals to use bitcoin-backed loans to finance new car purchases.