Delicious Irony? A Crypto-Themed Restaurant in LA Has Stopped Accepting Cryptocurrency

Crytocurrency’s most ardent evangelists’ dream of it changing into an precise foreign money—and never only a speculative asset—have taken successful with this 12 months’s wild market fluctuations. Even a few of its boosters are retreating briefly.

Bored & Hungry, a burger restaurant in Lengthy Seashore, California, launched a few months in the past claiming to be the primary restaurant to just accept Ethereum and Apecoin. Besides now the institution doesn’t appear to just accept both type of cost, in response to the Los Angeles Occasions. On a current afternoon, the newspaper’s Brian Contreras visited the restaurant and located that costs had been solely listed in US {dollars}, no cryptocurrency allowed.

The proprietor of the restaurant, Andy Nguyen, didn’t reply to a number of emails from the LA Occasions asking concerning the change, however an nameless worker instructed Contreras that the shop wasn’t accepting crypto. They declined to say when the change had occurred and whether or not it was everlasting, nevertheless.

Bored & Hungry, which opened in April, is themed across the Bored Ape Yacht Membership NFTs you’ve in all probability seen throughout social media and late evening TV reveals. Variations are owned by celebrities similar to Paris Hilton, Justin Bieber and Snoop Dogg, and Nguyen spent greater than $330,000 on ones displayed on the restaurant. However similar to the remainder of the crypto economic system, they’re now going through market stress, with the entry-level worth for one of many NFTs not too long ago dropping to lower than $100,000 for the primary time since final August, in response to Decrpyt, a crypto information outlet.

Fortunately for the burger joint, plainly most of its prospects are detached towards its relationship with crypto. Most of the patrons whom Contreras spoke with didn’t know a lot about cryptocurrencies—they had been principally there for the meals (vegan and non-vegan smashburgers, fries and soda, amongst different choices). Nonetheless, it isn’t an important look while you abandon the idea that impressed your entire enterprise within the first place. Bored & Hungry has possibly taken its title a bit too actually—and is leaping on the prepare of these disillusioned with crypto.