Bubba Gump Shrimp seafood restaurants will start accepting Bitcoin payments
The restaurant chain will start accepting Bitcoin as a form of payment for meals.
In an interview with CNBC, Landry's chair and CEO Tilman Fertitta said “80% to 90%” of the company’s restaurant brands — including the Bubba Gump Shrimp Company, Morton’s The Steakhouse, and Mastro’s — is going to accept Bitcoin (BTC) and other cryptocurrencies very soon. Fertitta described the move as a step towards bringing crypto into the mainstream and joining the global space.
“It’s amazing how simple [a crypto] transaction is, and it is here to stay. This is where it is, and it’s inevitable that this was going to happen,” said the Landry’s CEO.
The Bubba Gump Shrimp Company, inspired by the 1994 film Forrest Gump starring Tom Hanks, has over 30 restaurant locations across the globe including the United States, Japan, the United Kingdom, Hong Kong, China, Indonesia, Mexico, Canada, the Mariana Islands, and Qatar.
Some high-profile food chains and restaurants are joining the trend and expanding further to adopt Bitcoin, but the high-volatility of many cryptocurrencies may make it difficult to use as a reliable medium of exchange.