Currently, the online ordering food and food delivery industry become one of the biggest and smoothest running technology business models. These industries are growing and evolving fast and have to stay in step with technology. Thus, cryptocurrencies which have been on the market since 2009, started to be accepted in the food industry as well.
Purchasing food and services online with cryptocurrencies is becoming more and more popular. A growing number of takeaways around the world are ready to accept your digital cash in exchange for their tasty meals, and absolutely the rest will be in the coming future.
How can you pay with cryptocurrency?
First, you need to have popular cryptocurrencies such as Bitcoin and Ethereum which are currently accepted in food industries.
You can buy cryptocurrency using a trusted and reliable exchange platform. You can buy any coin with your local currency on this platform and then use it.
These days that all the world suffers from deadly covid-19, staying at home reduces the risk of getting infected. Food is one of the basic needs that always get you out of your home. That's why food delivery companies are among the few businesses that continued to work even during the lockdown.
During the pandemic, customers prefer to get their meals in the fastest, easiest and safest way. Ordering food and drinks online can save you from many troubles these days by limiting your contact with other people in public spaces. By using electronic payment, you can avoid touching paper cash. Takeaways by accepting cryptocurrencies especially Bitcoin provide the opportunity to pay with the digital coins you have.
Advantages of paying with Bitcoin
In comparison with fiat currencies, cryptocurrencies allow users to control how they spend their money without dealing with a bank or government. Users are able to send and receive payments to or from anyone on the network around the world without requiring approval from any external source of authority.
Paying with bitcoin like paying cash-only is not easily traced. We can’t say Bitcoin purchases are truly anonymous or entirely untraceable, but they are much less easily linked to personal identity than some traditional ways of payment.
Bitcoin payment is being tax-free and breaking down jurisdictions and borders. This can be a great advantage for travellers. Also, any transfer in bitcoins happens very quickly, eliminating the difficulty of typical official permissions and wait periods.
Like with many online payment systems, bitcoin users can pay for their online orders everywhere they have Internet access. So customers never have to travel to a bank or a restaurant and takeaway to buy food. But the difference between Bitcoin and other online payment systems made with bank accounts or credit cards is that personal information is not necessary to complete any transaction.
You can use bitcoin to pay with only a smartphone or computer, so bitcoin is available to populations of users without access to traditional banking systems, credit cards and other methods of payment.
Disadvantages of paying with cryptocurrency, and how can we work around them?
Cryptocurrencies have inherent vulnerabilities that can't be overcome. If you save your money in easy-to-access wallets, hackers might find a way to get it. To solve this problem, try to use other wallets that are not connected to the internet all around the clock.
Also, cryptocurrencies are explosive and their value depends on what investors and traders predict them as. You can work around this by using a widely used and reliable coin such as Bitcoin.
Also, if you invest in another digital currency, you need to change to popular ones especially Bitcoin as it is used in the food industry.
Consequently, if you’re the type of Bitcoiner who feels like to order a takeaway instead of going beyond your front door or into the kitchen, lucky you can use now your bitcoin.