TravelbyBit Inks Deal with Origin Kebabs Fast Food Chain to Adopt Bitcoin via Lightning Network
Origin Kebabs, a fast food chain based in Australia, has started to sell its products via the Lightning Network, which enables the consumers to use Bitcoin in order to pay for their products. The company has started to accept the products after inking a deal with TravelbyBit, which is partly owned by the biggest crypto exchange in the world, Binance.
Four Queensland stores will start to accept the tokens. If the project is successful, the whole network, which has 49 companies, will start to accept the tokens. At the moment, the places which will receive are Westfield Chermside, Queensland University of Technology, Eagleby and Broadbeach.
According to Burhan Goktas, the general manager of the company, they were able to make the first sale in less than 40 minutes after the first terminal was installed.
Goktas has also confirmed that he was impressed with how easy it was to use the system since you could scan the QR code and it would convert it into dollars to their bank account quickly.
The company has even started to discuss a possible partnership with Coca Cola because it would add a lot to the credibility of the whole operation and would make it much easier for them to use this new decentralized system with all its capabilities.
Buying Fast Food Even Faster
The CEO of TravelbyBit, Caleb Yeoh, has affirmed that fast food was perfect to use with the Lightning Network because both are fast. The food gets done pretty quickly and by paying it with BTC, you could make instant transactions without losing any time at all.
Yeoh has even said that the users could easily set up systems in which it would not take much more than some minutes to make the payments and grab their food. It is a very practical development for this kind of business, which is often very dependent on speed.
It is hard not to say that Yeoh is a true crypto believer. He founded his company, TravelbyBit, two years ago after working at Shell and Santos for a while. According to him, when the price of BTC went up, he did not have to work anymore because he was basically rich, so he decided to start a company that could help the ecosystem, a project driven by passion most of all.
He has been using crypto to pay for most of his meals recently, so helping projects like this one are important because they will help more people to be able to do the same and this will end up improving their lives in the future.
His company was actually so successful that even Binance decided to invest in it. The CEO and founder of Binance, Changpeng Zhao, was a big fan and made an investment of over $3.5 million USD in the company. Both him and Yeoh speak from time to time now and Zhao is among the board of directors of the company.
Now, they wish to make crypto adoption and usage increase all over the world. In fact, the company was behind the creation of the crypto-friendly project at the Airport of Brisbane, so TravelbyBit is an important BTC company in Australia.
The main idea is that the airport would welcome the travelers who landed there and that they would not need to worry about exchange rates because they could simply use BTC instead.
Bitcoin has the potential to be a real global currency and companies like Binance, Origin Kebabs and TravelbyBit are doing their best to push this technology into mainstream adoption.