You May Be Able To Pay Your Restaurant With Bitcoin Sooner Than You Think

By on January 31, 2018 in ArticlesHow Much Does

As the knowledge and popularity of Bitcoin continues to rise, more and more people and businesses are accepting the cryptocurrency. There is even a Miami condo on the market right now that will only sell to a buyer using Bitcoin.

The next industry to take the digital payment might be the restaurant world. American businessman and TV personality Tilman Fertitta recently said his company is looking into accepting the currency.

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Fertitta is the CEO owner of Houston-based Landry's Inc., which owns Rainforest Cafe, Morton's Steakhouse, Bubba Gump Shrimp Co., and many more.

"We try to always be on the cutting edge," he said in an interview. "If I'm a betting man, I'm expecting [Bitcoin] is here to stay."

While Warren Buffett has voiced that he believes the entire digital currency movement will end badly, Fertitta does not view these currencies all that different than physical currencies.

"People say they're kind of invisible," he continued. "Well, all money's kind of invisible—it's just a number on a paper. If you draw it out of a bank account, it's the same thing."

Fertitta, a college dropout, worked in a number of roles in multiple industries prior to opening his first restaurants.

"A lot of folks give up too soon," he added. "You have to keep fighting until someone shuts your door down."

After years spent dreaming of owning a NBA franchise, the 60-year-old purchased the Houston Rockets for $2.2 billion last year.

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