Bake N More in Dubai accepts 37 cryptocurrencies as payments

Bake N More in Dubai accepts 37 cryptocurrencies as payments
  • bitcoinBitcoin (BTC) $ 29,770.00 0.19%
  • ethereumEthereum (ETH) $ 2,019.21 0.75%
  • tetherTether (USDT) $ 1.00 0.08%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • binance-coinBNB (BNB) $ 294.49 0.28%
  • xrpXRP (XRP) $ 0.418945 0.78%
  • cardanoCardano (ADA) $ 0.565071 4.41%
  • solanaSolana (SOL) $ 53.59 4.11%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • polkadotPolkadot (DOT) $ 10.87 1.06%
LIFESTYLE

Bake N More in Dubai accepts 37 cryptocurrencies as payments

Bake N More proprietor wants to fully utilize cryptocurrency as payment and salary.

04/03/2022

Bake N More in Dubai accepts 37 cryptocurrencies as payments

Bake N More, a café, situated in Dubai, is starting to accept cryptocurrency as payment. Customers can pay with bitcoin, ether, and 35 more virtual currencies.

Mohammad Al Hammadi, Bake N More owner, mentions his plan to pay salaries in digital currencies as well. 

In addition, the Dubai-based café is still accepting fiat currency and payment via Mastercard. 

Bake N More in Dubai, crypto-café hub

According to a local news outlet, Al Hammadi initiated an effort to add digital currency ‘to the rundown of installment strategies’. 

Moreover, the proprietor guaranteed the option was practical for crypto holders as the café aims to be an espresso and cake hub for crypto enthusiasts in UAE. 

Al Hammadi mentioned how Bake N More would charge customers who pay using digital currency. “Their installment framework does the transformation as needed as it is connected to the cost diagrams,” he said.

“For example, in the event that a jug of water costs Dh5 [$1.36], the framework partitions it by the diagram rate, we can expect to be 3.68 and computes the expense in view of that will be 1.35 UST.”

Update on crypto prices

The global market cap as of writing is up to 0.3% at $2.26 trillion within the 24-hour trading period, basing the crypto market chart CoinGecko.

At the time of writing, these are the prices of the top 10 currencies as of today by considering the trading period in the last seven days.

Bitcoin (BTC) is $46,261.32, up by 4.0%. Ethereum (ETH) is $3,488.43 up by 11.2%. Tether (USDT) is at $0.99. Binance coin (BNB) is $446.34, up by 7.5%. USD Coin (USDC) is $1, up by 0.1%.

Solana (SOL) is $135.18, up by 33.1%. XRP is $0.839649, up by 1.1%. Terra (LUNA) is at $113.46, up by 24.2%. Cardano (ADA) is $1.18, up by 2.3%. Avalanche (AVAX) is $97.36, up by 13.3%.

By Marielle Petere Wozinga Staff

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