A growing number of investors have also backed bitcoin as an alternative to other assets, while more companies, like Microsoft, Overstock, Home Depot and Whole Foods, have started accepting bitcoin as well.
Diner demand for contactless experiences is also significant.
Chamber of Commerce, existing online payment processors usually offer a 1% or less transaction fee for cryptocurrency, which is less than most credit card fees.
The Internal Revenue Service classifies bitcoin as property, for example, meaning spending it is essentially the same as selling it and someone paying with bitcoin could owe on capital gains taxes at the point of transfer.
A Subway franchisee started accepting bitcoins as payment as early as 2013, for example, and it has yet to become a preferred method of payment at the chain or elsewhere.
As more restaurants like Landry’s start to accept cryptocurrencies, however, that learning curve could shrink as more consumers get used to the payment method.