Buying food with BTC | Bitcointalksearch.org

Abiky

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Quote from: famososMuertos on August 10, 2023, 04:37:31 PM

I don't know why the belief that only the United States or El Salvador are the only places where bitcoin is accepted or, to top it off, the first world countries.

I can tell you that there are places (Global) where they accept bitcoin via Binance, e.g.. that is, you could pay with any crypto, it's obvious.

Nowadays you can pay with bitcoin anywhere in the world, literally, obviously you have to get the right place, not everyone puts out the ads.

On the other hand, it does not make you a better bitcoin user to pay strictly with bitcoin, the fact of trading with bitcoin helps, so in some countries arbitration allows significant gains.

In fact, that same situation is what has made many commercial establishments accept bitcoin, they earn with the subsequent trade of bitcoin to Fiat or cryptos such as USDT, sometimes it is not that they are adopting bitcoin for their premises or it is the alternative means of payment, No, they just see profit.

fM (̿▀̿ ̿Ĺ̯̿̿▀̿ ̿) ̄

The adoption of BTC for payments is a very delicate subject. After all, merchants and/or businesses don't want to be flagged as tax evaders by the government. Those that let their customers know they accept BTC, it's probably because they accept Fiat on the side. A Bitcoin-only business will bring unwanted attention by the government itself. At least, Bitcoin holders are not left "empty-handed".

I don't mind if the merchant converts BTC to Fiat, as long as he accepts it as payment method. One way or another, this benefits the crypto economy. I'd say most businesses accepting BTC are those without a physical presence (online). This is normal, since Bitcoin is still in the early days. Once the Lightning Network takes off, we might see BTC being accepted almost everywhere (grocery stores, restaurants, gas stations, etc). Who knows what the future will bring to long-term BTC holders like me? Just my opinion

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I don't know why the belief that only the United States or El Salvador are the only places where bitcoin is accepted or, to top it off, the first world countries.

I can tell you that there are places (Global) where they accept bitcoin via Binance, e.g.. that is, you could pay with any crypto, it's obvious.

Nowadays you can pay with bitcoin anywhere in the world, literally, obviously you have to get the right place, not everyone puts out the ads.

On the other hand, it does not make you a better bitcoin user to pay strictly with bitcoin, the fact of trading with bitcoin helps, so in some countries arbitration allows significant gains.

In fact, that same situation is what has made many commercial establishments accept bitcoin, they earn with the subsequent trade of bitcoin to Fiat or cryptos such as USDT, sometimes it is not that they are adopting bitcoin for their premises or it is the alternative means of payment, No, they just see profit.

fM (̿▀̿ ̿Ĺ̯̿̿▀̿ ̿) ̄

Abiky

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Quote from: Darker45 on August 08, 2023, 11:59:07 PM

My impression is that a place where you can more or less live with Bitcoin alone is basically experimental, at least for now. I think an economy that is solely revolving around Bitcoin remains imaginary. At this point in time, Bitcoin's level of adoption is not yet ripe for it.

I went to what is called the Bitcoin island here in my country. Indeed, you can pay your food, drinks, hotel, tattoo, and others with Bitcoin. However, just as probably true in El Salvador, Bitcoin remains an alternative to fiat.

There's a reason why despite Bukele's strong support for Bitcoin, he simply can't replace the USD with it. The best that he could do is to declare Bitcoin as another legal tender, alongside the USD.

I think the main issue is Bitcoin's price volatility. If it wasn't because of that, governments would've ditched Fiat already. Yet again, they'll be losing power/control over people's financial life. Given the circumstances, BTC will remain an alternative to Fiat forever.

At least, we won't be left "empty handed". As long as it's possible to spend BTC for food somewhere, nothing else matters. With Bitcoin's ever-rising popularity, I'm pretty sure there will be more merchants and/or businesses accepting it in the future. Who knows if they will use the Lightning Network for cheap and near-instant BTC payments? Just my opinion

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Quote from: KiaKia on August 03, 2023, 11:49:48 AM

How much food are you going to buy to make your one time purchase worth it? I would not want to spend 3$ on food and use half a dollar to make payment, if I go out to but food at a restaurant in my country the charges is like 0.10$ or even lower in my fiat to dollar rate.

It's cool to order food using Bitcoin but if I have to do it I will have to buy foods, not just the little that will fill up my stomach, maybe 10$ or 20$ worth of food, this won't make me feel like I am spending too much on the transaction for food.

I think he doesn't care about the fees at all so any amount of purchase will do to him because he said what important for him is to completely get rid of the fiat. For us who only want to try it because we are curious how it works and we think it's cool, we still mind the fees and we want to make sure that each transaction we make are worth it.

I'm literally like you actually so I think I will bring a company to eat in a restaurant if its about food. If not, I will just buy a two-week or a month-long worth of grocery. Unfortunately, there are no Bitcoin merchants yet in my place. The one that I know are from a far away places like I need to ride a plane or a boat first in order to get there.

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Quote from: Abiky on August 08, 2023, 11:00:50 PM

Quote from: Poker Player on August 04, 2023, 03:21:14 AM

What are you going to do? Save the fiat and spend the Bitcoin? It doesn't make sense. The only way it would make sense is if you get all or most of your income in Bitcoin, to avoid converting to fiat so you can spend but not even 1% of people are in that situation.

That would be the dream. Getting paid in BTC instead of Fiat. But I guess we're "lightyears" away before seeing this become a reality. Governments simply won't abandon Fiat in favor of Bitcoin. If there's only one place where you can buy almost anything with BTC, that would be El Salvador. That's assuming every business and/or merchant accepts the cryptocurrency there.

It would be nice to visit El Salvador just to live the dream of living only on Bitcoin. You will get the freedom you deserve without worrying about inflation, or bad decisions from both the central bank and the government. Who knows if future generations will be able to buy food with BTC at a supermarket or restaurant anywhere in the world? Just my opinion

My impression is that a place where you can more or less live with Bitcoin alone is basically experimental, at least for now. I think an economy that is solely revolving around Bitcoin remains imaginary. At this point in time, Bitcoin's level of adoption is not yet ripe for it.

I went to what is called the Bitcoin island here in my country. Indeed, you can pay your food, drinks, hotel, tattoo, and others with Bitcoin. However, just as probably true in El Salvador, Bitcoin remains an alternative to fiat.

There's a reason why despite Bukele's strong support for Bitcoin, he simply can't replace the USD with it. The best that he could do is to declare Bitcoin as another legal tender, alongside the USD.

Abiky

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Quote from: Poker Player on August 04, 2023, 03:21:14 AM

What are you going to do? Save the fiat and spend the Bitcoin? It doesn't make sense. The only way it would make sense is if you get all or most of your income in Bitcoin, to avoid converting to fiat so you can spend but not even 1% of people are in that situation.

That would be the dream. Getting paid in BTC instead of Fiat. But I guess we're "lightyears" away before seeing this become a reality. Governments simply won't abandon Fiat in favor of Bitcoin. If there's only one place where you can buy almost anything with BTC, that would be El Salvador. That's assuming every business and/or merchant accepts the cryptocurrency there.

It would be nice to visit El Salvador just to live the dream of living only on Bitcoin. You will get the freedom you deserve without worrying about inflation, or bad decisions from both the central bank and the government. Who knows if future generations will be able to buy food with BTC at a supermarket or restaurant anywhere in the world? Just my opinion

YOSHIE

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Quote from: Abiky on August 03, 2023, 08:31:04 AM

Do you know of any restaurants and/or supermarkets in the US and abroad that sells food for BTC? It would be nice to avoid Fiat altogether and use BTC to buy our life necessities. The only place I could think of is El Salvador with its acceptance of Bitcoin as legal tender. It's likely every merchant and business there accepts BTC as payment method. I don't know about the US and developed countries. Could someone enlighten me? Thanks in advance.

My area has several restaurants and shopping places that provide payment by Bitcoin, but I have never done that, because the restaurant provides two payment methods fiat and Bitcoin.

However, I once asked my friend, you pay for food in a restaurant with Bitcoin, he said yes, but from a good point of view, we don't need cash, but on the downside there are also, such as higher fees, sometimes the food we buy at restaurants is cheaper than Bitcoin transaction fees, my friend said if we buy in large quantities, maybe Bitcoin payments are better, but if you buy food for 1-2 people, it's better to pay using cash / fiat.

Conclusion: from the experience that I have seen and my friends, buying food in large quantities may be good with Bitcoin, Bitcoin payments for food depend on what food is purchased, not all food can be paid for with Bitcoin, considering that the cost is more expensive than the food purchased.

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Quote from: Nrcewker on August 04, 2023, 05:49:40 AM

You can only find Bitcoins accepted in restaurants, if those restaurants are in countries where Bitcoins are legalised. In many countries Bitcoins are not regulated, hence the restaurant owners can’t set up a payment through Bitcoins. They need follow the rules set by the government. Yes it’s common to see small businesses accepting Bitcoins in the countries like El Salvador, as there, they encourage the usage of the coins.

So far I have never been to El Salvador and tried in-person bitcoin payments at a restaurant. Maybe this will happen to me in the future especially when I find a restaurant that accepts bitcoin as a means of payment - but I tend to keep the secret that I am a bitcoin user.

I don't care until when I have to use fiat to pay - it's not a big deal because fiat will always be accepted everywhere. Bitcoin is great for adoption - but I wouldn't prioritize it as a means of payment so far. Bitcoin is an alternative option for me - meaning it's probably the last option I would use if I didn't want to involve fiat as a means of payment.

Potato Chips

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Quote from: Abiky on August 03, 2023, 08:31:04 AM

Do you know of any restaurants and/or supermarkets in the US and abroad that sells food for BTC?

I just saw this post and I don't think yelp.com has been mentioned. I recommend looking into it specially if you're in the US because afaik it is most used in the said country.

As you can see, they have an "Accepts Cryptocurrency" filter you can use.

The problem is, there is no bitcoin specific filter but you could always ask the restaurant prior to your visit. My guess is there's a good chance a lot of them accept BTC since it's the most popular.

Lastly, since LN has been mentioned as well, there's a really good directory for it, see: https://lightningnetworkstores.com/?tags=food

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Quote from: komisariatku on August 03, 2023, 10:34:19 AM

Yes, for occasional purchases, $0.7 might not be a problem. But if I make purchases frequently enough, like eating 3x a day, $0.7 is going to be a serious problem for me. especially for me it only takes $3 for a meal so $0.7 is a lot as it seems like 20% of my meal cost.

You gave an example of transactions that are below $200, and now you mention transactions of $3 that are in the category of micro transactions and it definitely does not make sense to use Bitcoin on-chain transactions for payment in such conditions if the fee is in the amount of 5-10% of the total amount and if you do several such transactions per day.

Quote from: komisariatku on August 03, 2023, 10:34:19 AM

Btw, sorry if this is off topic, but honestly I'm curious if bitcoins are effective for everyday purchases? Maybe someone who has lived in a country where bitcoin is legal as a means of payment can share their experience with bitcoin. I have a thought that bitcoins are not effective for everyday purchases due to high transaction fees and busy network so they often get delayed but that is just my opinion, I have never had any real experience using bitcoins for daily transactions.
~snip~

In such situations, we have the option to pay using LN, which is instant and cheap, and in the examples of El Salvador or the island of Boracay, we see that it works. Of course, users need to be further educated with such a payment method, but the payment process through LN has already been simplified quite a bit when it comes to certain wallets that support it.

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Quote from: komisariatku on August 03, 2023, 08:52:06 AM

Quote from: Abiky on August 03, 2023, 08:31:04 AM

Do you know of any restaurants and/or supermarkets in the US and abroad that sells food for BTC? It would be nice to avoid Fiat altogether and use BTC to buy our life necessities. The only place I could think of is El Salvador with its acceptance of Bitcoin as legal tender. It's likely every merchant and business there accepts BTC as payment method. I don't know about the US and developed countries. Could someone enlighten me? Thanks in advance.

I never thought of buying products that have cheap prices with bitcoins. Transaction fees will look very expensive for transactions under $200. Especially if every time you pay you have to wait for the transaction to be confirmed by the network, it takes a long time. Even though I love bitcoin, in some cases, using bitcoin is not a solution but a new problem.

But I'm not against your wish to find a restaurant that can pay with bitcoins. In my country bitcoin is banned as a means of payment and can only be owned as an asset so I can't recommend anything to you. But if I may ask, wouldn't you find it expensive to buy a cheap product with a transaction fee of around $0.5? In my opinion using fiat is cheaper and free of transaction fees if you use the same bank network

There aren't any stores in my area that accept bitcoin payments, but honestly, I wouldn't be willing to do that if we could use bitcoin for payment. I don't want to pay more while making money is getting harder and harder, and inflation is suffocating us. It makes no sense when we have to spend extra money just to use bitcoin. This really goes against our savings plan. Bitcoin is more suitable as an asset than a currency, why are people so stubborn about it?

Nrcewker

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You can only find Bitcoins accepted in restaurants, if those restaurants are in countries where Bitcoins are legalised. In many countries Bitcoins are not regulated, hence the restaurant owners can’t set up a payment through Bitcoins. They need follow the rules set by the government. Yes it’s common to see small businesses accepting Bitcoins in the countries like El Salvador, as there, they encourage the usage of the coins.

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Quote from: komisariatku on August 03, 2023, 08:52:06 AM

Quote from: Abiky on August 03, 2023, 08:31:04 AM

Do you know of any restaurants and/or supermarkets in the US and abroad that sells food for BTC? It would be nice to avoid Fiat altogether and use BTC to buy our life necessities. The only place I could think of is El Salvador with its acceptance of Bitcoin as legal tender. It's likely every merchant and business there accepts BTC as payment method. I don't know about the US and developed countries. Could someone enlighten me? Thanks in advance.

I never thought of buying products that have cheap prices with bitcoins. Transaction fees will look very expensive for transactions under $200. Especially if every time you pay you have to wait for the transaction to be confirmed by the network, it takes a long time. Even though I love bitcoin, in some cases, using bitcoin is not a solution but a new problem.

But I'm not against your wish to find a restaurant that can pay with bitcoins. In my country bitcoin is banned as a means of payment and can only be owned as an asset so I can't recommend anything to you. But if I may ask, wouldn't you find it expensive to buy a cheap product with a transaction fee of around $0.5? In my opinion using fiat is cheaper and free of transaction fees if you use the same bank network

It feels so good for op to spend btc to buy things he is interested on, I'm sure he is already aware of the transaction fee , as far as op can afford it he is free of spending btc the way he wants. After all btc is money that can also be spent like other currency. People have different plans what to do with their btc.

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I have seen some places that accept Bitcoin. Like a burger place I went to the other day, but it was run by a private individual who accepted bitcoin for payments, and in a cab recently as well. But in these threads I always say the same thing:

Quote from: Abiky on August 03, 2023, 08:31:04 AM

It would be nice to avoid Fiat altogether and use BTC to buy our life necessities.

What are you going to do? Save the fiat and spend the Bitcoin? It doesn't make sense. The only way it would make sense is if you get all or most of your income in Bitcoin, to avoid converting to fiat so you can spend but not even 1% of people are in that situation.

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Quote from: lovesmayfamilis on August 04, 2023, 02:28:03 AM

There are plenty of places where people will happily accept bitcoins and give you food as long as you are solvent.

Thanks for letting me know, actually I guessed it from the conditions of my country but after doing research now it's clear that condition in other countries are totally different and people are willing to accept in shops and restaurants too

Quote

But as for the topic itself, at the moment I don’t see the need to pay with bitcoins for a cup of coffee or a bowl of soup. But I would definitely treat my friends to in good restaurant with payment in bitcoins. Spending Bitcoin on cheap food doesn't seem very sensible to me.

average price of Coffee in many countries are 2$-4$ according to google and i think it still cheap and I will not like to pay less than 20$. Bitcoin lightning network is then best suitable option buying cheap food.

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Quote from: Gladitorcomeback on August 03, 2023, 01:38:53 PM

I don't think there is any restaurant like this in US or European countries right now, which can sell you food for bitcoins.

Have you tried reading people's posts right after the OP's question? There are plenty of places where people will happily accept bitcoins and give you food as long as you are solvent. Sometimes it is useful to read about what, all the same, there is a discussion about.
But as for the topic itself, at the moment I don’t see the need to pay with bitcoins for a cup of coffee or a bowl of soup. But I would definitely treat my friends to in good restaurant with payment in bitcoins. Spending Bitcoin on cheap food doesn't seem very sensible to me.

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I probably won't do it like you, I mean, I'll probably just use bitcoin for online orders or high value items and can't use fiat. For items like daily necessities, I don't want to use bitcoin because I have to pay unnecessary transaction fees. Furthermore, because of its volatility, I don't want to use it every day. I don't want to use bitcoin to pay when its volatility makes me pay more, whereas with fiat I won't lose anything. To be honest, bitcoin is no longer suitable to be a currency because of its volatility, it is more suitable as an asset.

ChiBitCTy

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I mean you can always get a credit/debit card which pays back rewards points in the form of satoshis. I know some of my buddies use those. I have to say while living in Chicago, I never saw too many stores, let alone grocery stores that accept bitcoin as payment. I did see a few places like food stands and a family owned convenience store that did, but never any major grocery stores. I think we will see this more commonly...eventually, though.

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Quote from: Bushdark on August 03, 2023, 07:12:42 PM

Quote from: gunhell16 on August 03, 2023, 12:18:12 PM

If I, for example, have a lot of Bitcoin, I will not pay my Bitcoin just for food, but if I use fiat as payment, that is what I will do. Because why would I do that? if I know for myself that in the coming year 2024 each Bitcoin will be more than 100k$.

It will just look like a waste of money for me to pay Bitcoin for food. I guess it's just common sense as a long-term holder of Bitcoin.

Using part of your Bitcoin to buy food or make payments online does not mean that one is stupid or one does not know what he is doing. This is a way to promote the use of Bitcoin without any harm. Since we can always convert our fiat to Bitcoin online and use it to buy goods or our necessities online, it is a good move and it will show other Bitcoin investors that this is a true way to transact using Bitcoin.

I can decide to convert most of my fiat holding to Bitcoin and keep using it to buy things online rather than using our normal fiat to do the same thing. When other people see us or notice that we always buy things online using Bitcoin, they would want to follow the same foot steps promoting the use of Bitcoin as a payment method.

Rather than holding there is a need of small spending so to keep up the circulation as well as to spread the goodness about bitcoin. As said above it is true that people get triggered to use things that are being used by others. Bitcoin is given importance as an investment over a regular spending currency. Over time when the acceptance and adoption level increases, people will get used to it.

Being part of an advancement we should have our contribution. Myself used to spend converting bitcoin to cash as we don't have much of stores and online services accepting bitcoin and other cryptocurrencies. Most of the bitcoin and cryptocurrencies that involves into direct spending were on gambling platforms.

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Quote from: gunhell16 on August 03, 2023, 12:18:12 PM

If I, for example, have a lot of Bitcoin, I will not pay my Bitcoin just for food, but if I use fiat as payment, that is what I will do. Because why would I do that? if I know for myself that in the coming year 2024 each Bitcoin will be more than 100k$.

It will just look like a waste of money for me to pay Bitcoin for food. I guess it's just common sense as a long-term holder of Bitcoin.

Using part of your Bitcoin to buy food or make payments online does not mean that one is stupid or one does not know what he is doing. This is a way to promote the use of Bitcoin without any harm. Since we can always convert our fiat to Bitcoin online and use it to buy goods or our necessities online, it is a good move and it will show other Bitcoin investors that this is a true way to transact using Bitcoin.

I can decide to convert most of my fiat holding to Bitcoin and keep using it to buy things online rather than using our normal fiat to do the same thing. When other people see us or notice that we always buy things online using Bitcoin, they would want to follow the same foot steps promoting the use of Bitcoin as a payment method.

panganib999

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Some wallets/cryptocurrencies partnered up with Starbucks to accept bitcoin and crypto payments, that's one. If you're looking for specific spots in other countries I'd suggest you use CoinMap.org for it. It's fast, simple to use and gets the job done. Otherwise just carry a P2P wallet/exchange app with you like binance to make sure you don't lose money on the go cause for the most part cryptocurrency's not that known yet in the outside world so most establishments wouldn't offer bitcoin payments and all that, so just in case you're going in a different country raw without any fiat on you, be sure to carry some on the go cryptocurrency you can easily exchange without issues, unless you wanna wash dishes and all that lmao.

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Quote from: Abiky on August 03, 2023, 08:31:04 AM

Do you know of any restaurants and/or supermarkets in the US and abroad that sells food for BTC? It would be nice to avoid Fiat altogether and use BTC to buy our life necessities. The only place I could think of is El Salvador with its acceptance of Bitcoin as legal tender. It's likely every merchant and business there accepts BTC as payment method. I don't know about the US and developed countries. Could someone enlighten me? Thanks in advance.

Hmm, it will be good and way more effective and cheap with the lightning network, But unfortunately, we are very far away from such type of the adoption of Bitcoin in the payment mode because first of all, it requires the official country recognization than state recognization and than hot civilians demand and preference. All this is currently not possible except for a few cases where the seller or the service provider itself provides some sort of such transection approval/acceptance.

In developed countries this adoption level can be way faster in my region or the under developed countries it doesn't see in at least 10 to 15 years such type of adoption because here people even don't except digital payment frequently, they always prefer the cash, at least most of the times.

n0ne

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Last year Boracay Island situated in Philippines have become a bitcoin island as adoption and acceptance of bitcoin on different services continue to increase. The inspiration of the Boracay island is from the El Salvador Bitcoin beach. Though it is a small island with population around 15k residents the island have got the beaches that attracts thousands of visitors. This had made it a better business region and for the same reason it is possible to see good number of businesses and restaurants accepting bitcoin.

Obari

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Quote from: OmegaStarScream on August 03, 2023, 08:34:02 AM

You should be able to find the ones that accept bitcoin directly on CoinMap. otherwise, you will have to use gift cards from bitrefill or some other gift card provider that accepts bitcoin, but this obviously only applies to big companies.

Lol
Im.sorry i had to laugh but what is the essence of using gift cards and I think if he buys a gift card with his coins and it might not be same rate when it's time to use and rather than using gift cards to make physical purchase, we can use other means but not gift cards and I also buy and sell just incase you think I'm speaking ill about my business 😌

I don't know of the united states but I think su ce they have bitcoin machines in the United States, then it will be easier to used and spend ones cryptocurrency but the best way you can get solutions to your question is getting out and making inquiries from those vendors directly.

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Quote from: Abiky on August 03, 2023, 08:31:04 AM

Do you know of any restaurants and/or supermarkets in the US and abroad that sells food for BTC? It would be nice to avoid Fiat altogether and use BTC to buy our life necessities. The only place I could think of is El Salvador with its acceptance of Bitcoin as legal tender. It's likely every merchant and business there accepts BTC as payment method. I don't know about the US and developed countries. Could someone enlighten me? Thanks in advance.

Mentioning El Salvador made me remember once the bitcoin City. Sometime last year, I was seeing bitcoin City everywhere in the forum and I am surprised how the wave faded away. I think the bitcoin City was situated in the El Salvador. But then of government was actually in charge, it should be long term project which will develop in a moderate pace.

I also remember I have once read a thread where someone was living only on bitcoin spending. He doesn't spend fiat.

WatChe

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Quote from: gunhell16 on August 03, 2023, 12:18:12 PM

If I, for example, have a lot of Bitcoin, I will not pay my Bitcoin just for food, but if I use fiat as payment, that is what I will do. Because why would I do that? if I know for myself that in the coming year 2024 each Bitcoin will be more than 100k$.

It will just look like a waste of money for me to pay Bitcoin for food. I guess it's just common sense as a long-term holder of Bitcoin.

The biggest hurdle in daily adoption of Bitcoin is its fee and speed issue. Bitcoin is fine if you are paying something big and you can afford high fee or can wait for the settlement to take place. Until such issues are fixed we have to rely on fiat for our daily like buying food or cup of coffee.

There is an alternate solution to fix this problem in the form of Lightning network. But some how that solution is not able to take off.

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Quote from: Abiky on August 03, 2023, 08:31:04 AM

Do you know of any restaurants and/or supermarkets in the US and abroad that sells food for BTC? It would be nice to avoid Fiat altogether and use BTC to buy our life necessities. The only place I could think of is El Salvador with its acceptance of Bitcoin as legal tender. It's likely every merchant and business there accepts BTC as payment method. I don't know about the US and developed countries. Could someone enlighten me? Thanks in advance.

Great news for Bitcoin lovers. Bitcoin accepting many restaurant it is also good news for cryptocurrency market. Because a currency Being established or successful when it’s usability increase. When people use bitcoin then bitcoin has been successful we tell that. Many many thanks for US because they started using bitcoin as a payment system in restaurant. In future ohers many country and many big big company will Start using bitcoin as a payment system. Then bitcoin will be more popular and established i think. I also think in future many country will accept bitcoin and and many country will declare Bitcoin as a legal currency. So t think Bitcoin's future is bright there has no doubt.

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Quote from: Abiky on August 03, 2023, 08:31:04 AM

Do you know of any restaurants and/or supermarkets in the US and abroad that sells food for BTC? It would be nice to avoid Fiat altogether and use BTC to buy our life necessities. The only place I could think of is El Salvador with its acceptance of Bitcoin as legal tender. It's likely every merchant and business there accepts BTC as payment method. I don't know about the US and developed countries. Could someone enlighten me? Thanks in advance.

Currently, this is only possible in countries that have embraced bitcoin and accept it as legal tender.
But in countries that are currently still hindered by regulation it is quite difficult including in my country.
Indeed, some time ago there was one area that provided this to add to the attractiveness, especially since the area is often visited by tourists, but at this time, payments using bitcoin and other cryptocurrencies are a little difficult because new regulations have emerged. Even though for now bitcoin can still be one of the investment tools but for payments it is still prohibited in my country.

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Quote from: Abiky on August 03, 2023, 08:31:04 AM

Do you know of any restaurants and/or supermarkets in the US and abroad that sells food for BTC? It would be nice to avoid Fiat altogether and use BTC to buy our life necessities. The only place I could think of is El Salvador with its acceptance of Bitcoin as legal tender. It's likely every merchant and business there accepts BTC as payment method. I don't know about the US and developed countries. Could someone enlighten me? Thanks in advance.

~~I don't think there is any restaurant like this in US or European countries right now, which can sell you food for bitcoins.~~ After reading and using search engine happy to see that USA and other European countries made a good job and food could ne buy in restaurants easily by paying btc.At present. Many countries are trying to legalize Bitcoin, and they believe that Bitcoin should be used as a currency for transactions, but it is not all that simple. This will happen, but it will take time, but some countries, and the banking sector, try to create various barriers to this happening because the success of Bitcoin could cause a big blow to their fiat currency.

In my opinion, fiat is the best option for small transactions. While Bitcoin would be a useful mechanism for larger transactions. lets suppose we have to buy 5$ food then we have to pay 0.5$ fee which is not looking good. Bitcoin is best option for sending money to overseas and will save time and tax but for low transaction fiat is best.

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Quote from: Abiky on August 03, 2023, 08:31:04 AM

Do you know of any restaurants and/or supermarkets in the US and abroad that sells food for BTC? It would be nice to avoid Fiat altogether and use BTC to buy our life necessities. The only place I could think of is El Salvador with its acceptance of Bitcoin as legal tender. It's likely every merchant and business there accepts BTC as payment method. I don't know about the US and developed countries. Could someone enlighten me? Thanks in advance.

In my the number of stores that are accepting Bitcoin as a payment increases significantly compared to the past years when there are only small businesses that are accepting Bitcoin most of the time, they are just individual business owners that are just bitcoin investors as well. You could probably find a lot of websites accepting Bitcoin already where you could easily find food to buy, but to be honest I dont really a fan of Bitcoin as a way to buy something because I just dont think it is already suitable for that just because of its nature and the volatile market price of Bitcoin.

I mean I do buy Bitcoin for investment only, and I really think that Bitcoin is suitable as an investment because of the market cycle and its volatile market price, yes it is a risky investment but if you know what you are doing you could easily make a significant amount of profit just investing in Bitcoin. Using Bitcoin on your every transaction just means that if the market price drops you lose money because you spending your Bitcoin its like selling your Bitcoin at a low price, unlike fiat money which has a stable market price even though we have inflation it is more suitable for transactions.

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It's a good idea to choose Bitcoin for payments either you buy food or anything and it will cause more adoption and obviously very impressive for Bitcoiners who wants to use directly. As Bitcoin is a Currency it should be used by this way.

But my point is why I will pay a decent transection fees for every single transections and it will affect if the payment amount is small. You have to pay almost 0.5$ for every transections and you have to wait a little for confirmations. I am really observing some barrier to implement Bitcoin as a payment method for small amounts. If you ask me then I will surely convert it to fiat by using P2P exchange and then I can use it for every small transections. Even P2P exchange fees and converting to fiat fees are really too low. But I appreciate your decision for Bitcoin Payment but it should be higher payment amounts. Otherwise you can use lightening network which will cause you a very lower transection fees and faster transection speed.

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Well I think you could search online about restaurant that accept Bitcoin as mode of payment in your specific area. Because here in my country, even if you search there's only a few businesses that accept Bitcoin worse is that is too far from my place so it might be a same scenario to you. I don't know you could convert your Bitcoin to fiat money to avoid the hassle of finding restaurant wtih Bitcoin transaction.

And also if you're gonna pay why not just bother using fiat right? I mean we all know that Bitcoin has a lot more potential than USD so save yourself an inconvenience. But if you're really trying to find one just to use Bitcoin for payment as an experience then go for it. Hope you can find some in your place because here is too seldom to have Bitcoin in any transaction.

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no, it's hard to use bitcoin just to cover low transactions because they would be very expensive compared to their actual value when using another form of payment. Especially each time you pay, it takes a long time to confirm the payment. While bitcoin is special, there are some situations where it's better not to use bitcoin at all.

If you have a desire to find a restaurant that accepts Bitcoin, I cannot help because in my country owning and using Bitcoin is considered an asset only. Rarely see them using it as a form of payment. But instead I have also seen them prioritize using cryptocurrencies such as altcoins matic, tron or stable coins.

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Quote from: Abiky on August 03, 2023, 08:31:04 AM

Do you know of any restaurants and/or supermarkets in the US and abroad that sells food for BTC? It would be nice to avoid Fiat altogether and use BTC to buy our life necessities. The only place I could think of is El Salvador with its acceptance of Bitcoin as legal tender. It's likely every merchant and business there accepts BTC as payment method. I don't know about the US and developed countries. Could someone enlighten me? Thanks in advance.

I have seen fast food restaurants and delivery services offer their food and/or services for Bitcoin or other cryptocurrencies (Although usually the majority was Bitcoin). But I am talking about cheap food chains which do not take the restaurant business as serious as 5 star restaurants. I have yet to see a middle to high class restaurant have a Bitcoin payment option. Maybe because profit margins are slim enough as it is and if they were to lose money on dips, then they would have a hard time paying their staff and bills? Stability must be achieved before Bitcoin can be taken more serious as a payment option. And stability can only be achieved if Bitcoin is widely adopted. In fact, I would go as far as to even say it should be globally adopted.

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Quote from: KiaKia on August 03, 2023, 11:49:48 AM

How much food are you going to buy to make your one time purchase worth it? I would not want to spend 3$ on food and use half a dollar to make payment, if I go out to but food at a restaurant in my country the charges is like 0.10$ or even lower in my fiat to dollar rate.

Yes, I agree with you on this point. It does not make sense to buy food for a small amount and pay a fee of 0.5-1$ for one meal, for example.

There must be large portions of food or the quality of food is very expensive otherwise you are likely to charge as much as the price of the food.

In such cases, for small payments, it is better to use the Bitcoin Lightning Network, but unfortunately this option is only available on a very limited scale.

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Quote from: OmegaStarScream on August 03, 2023, 08:34:02 AM

You should be able to find the ones that accept bitcoin directly on CoinMap. otherwise, you will have to use gift cards from bitrefill or some other gift card provider that accepts bitcoin, but this obviously only applies to big companies.

You're right about that. I won't be able to find small businesses and/or merchants there. But thanks anyways. It's good to know that there are plenty of big companies supporting the cryptocurrency. Maybe the list will grow in the future as Bitcoin becomes more popular?

Quote from: komisariatku on August 03, 2023, 08:52:06 AM

I never thought of buying products that have cheap prices with bitcoins. Transaction fees will look very expensive for transactions under $200. Especially if every time you pay you have to wait for the transaction to be confirmed by the network, it takes a long time. Even though I love bitcoin, in some cases, using bitcoin is not a solution but a new problem.

But I'm not against your wish to find a restaurant that can pay with bitcoins. In my country bitcoin is banned as a means of payment and can only be owned as an asset so I can't recommend anything to you. But if I may ask, wouldn't you find it expensive to buy a cheap product with a transaction fee of around $0.5? In my opinion using fiat is cheaper and free of transaction fees if you use the same bank network

Yes. I've figured the only way to buy low-value items would be through the Lightning Network. The high on-chain fees will make you lose a lot of money in the process. It's really not feasible. I can't figure why adoption for the LN is still low when it's been around for a few years now. Maybe because it's more difficult to use? Let's hope BTC reaches a new ATH so more merchants and/or businesses join the game. Wink

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If I, for example, have a lot of Bitcoin, I will not pay my Bitcoin just for food, but if I use fiat as payment, that is what I will do. Because why would I do that? if I know for myself that in the coming year 2024 each Bitcoin will be more than 100k$.

It will just look like a waste of money for me to pay Bitcoin for food. I guess it's just common sense as a long-term holder of Bitcoin.

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Quote from: Abiky on August 03, 2023, 08:31:04 AM

Do you know of any restaurants and/or supermarkets in the US and abroad that sells food for BTC? It would be nice to avoid Fiat altogether and use BTC to buy our life necessities.

Not from there but will share my experience a bit. As much as I want to forcefully use some of my btc into buying things, I've only seen a few merchants and they're not that big business but only stalls in some malls. So, if you can't find anything just like mine then browse over online shops or restaurants that does delivery and maybe from there you'll find a shop that accepts BTC.

Quote from: Abiky on August 03, 2023, 08:31:04 AM

The only place I could think of is El Salvador with its acceptance of Bitcoin as legal tender. It's likely every merchant and business there accepts BTC as payment method. I don't know about the US and developed countries. Could someone enlighten me? Thanks in advance.

That's true and despite I am not from there, I've seen a couple of videos where you can even pay Mcdonalds with bitcoin.

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Quote from: Abiky on August 03, 2023, 08:31:04 AM

Do you know of any restaurants and/or supermarkets in the US and abroad that sells food for BTC? It would be nice to avoid Fiat altogether and use BTC to buy our life necessities. The only place I could think of is El Salvador with its acceptance of Bitcoin as legal tender. It's likely every merchant and business there accepts BTC as payment method. I don't know about the US and developed countries. Could someone enlighten me? Thanks in advance.

People who could do this comfortably outside of regions where Bitcoin is legal tender are likely bitcoiners (true & passionate ones) who understand Bitcoin and know how best to use it without feeling like criminals or getting into trouble with the authorities.
A typical bitcoiner would probably take the route of the pizza guy by offering to deliver foods made at home to choice addresses of fellow forum/community members. But it's important that the sellers are well known old and reputable members who are true bitcoiners. Not the kind of people who would treat Bitcoin as fiat and announce to the whole world and their countrymen that they accept Bitcoin here.

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How much food are you going to buy to make your one time purchase worth it? I would not want to spend 3$ on food and use half a dollar to make payment, if I go out to but food at a restaurant in my country the charges is like 0.10$ or even lower in my fiat to dollar rate.

It's cool to order food using Bitcoin but if I have to do it I will have to buy foods, not just the little that will fill up my stomach, maybe 10$ or 20$ worth of food, this won't make me feel like I am spending too much on the transaction for food.

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Many people in the midst of the bitcoin fever wanted to appear in the news next to the trend: the growing bitcoin. Therefore, they sought to introduce bitcoin payment at them services. But the trouble is that legally it's hard to do. Even in countries where bitcoin is legalized, there is not always enough legal practice to absolutely accurately and legally carry out the simplest transactions, like buying coffee.
Difficulties of this kind:
What if you are dissatisfied with the product or service and demand a refund?
Then seller have to return to you the amount in the amount of bitcoin?
Or an amount equivalent to fiat money at time of selling?

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I have seen that in cities with a large community of Bitcoin enthusiasts it is possible to find some restaurants and shops that accept Bitcoin as payment, areas with a higher concentration of tech startups and cryptocurrency enthusiasts tend to offer this option. But I feel that on a national level, the adoption of Bitcoin as a method of payment in supermarkets and restaurants has not yet reached a significant level, clearly due to the volatility and the lack of regulatory filtering... What I have noticed is that in New York They are more open in accepting Bitcoin, if you are in this city, I will give you this link where they indicate several restaurants where you can buy with BItcoin.

Source: https://www.benzinga.com/markets/cryptocurrency/22/10/29346501/crypto-friendly-restaurants-are-cropping-up-in-nyc-here-are-our-recommendations

On the other hand, abroad, such as in the United States, the adoption of Bitcoin as a payment method varies by country... Some countries may have a greater acceptance of cryptocurrencies due to factors such as favorable regulations or the need for a payment alternative. solutions and I would say that the best currently would be Germany, Japan and clearly El Salvador.

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Quote from: komisariatku on August 03, 2023, 10:34:19 AM

Yes, for occasional purchases, $0.7 might not be a problem. But if I make purchases frequently enough, like eating 3x a day, $0.7 is going to be a serious problem for me. especially for me it only takes $3 for a meal so $0.7 is a lot as it seems like 20% of my meal cost

Btw, sorry if this is off topic, but honestly I'm curious if bitcoins are effective for everyday purchases? Maybe someone who has lived in a country where bitcoin is legal as a means of payment can share their experience with bitcoin. I have a thought that bitcoins are not effective for everyday purchases due to high transaction fees and busy network so they often get delayed but that is just my opinion, I have never had any real experience using bitcoins for daily transactions.

For transactions in large numbers, let alone across countries, we seem to agree that the use of bitcoin is very effective and transaction costs look very cheap compared to the fiat system.

You can use the lightning network which is cheaper in terms of costs, if sending from the onchain network it will be very expensive if you often make transactions but currently the lightning network has been widely implemented in a restaurant that accepts bitcoin.

Yes, I also have no experience in bitcoin transactions for everyday buying food or whatever and it is only available in certain regions with fairly wide adoption in their country, as I said the lightning network is a solution for cheaper costs, so if someone, for example, often makes transactions to buy something with bitcoin then the lightning network is the solution.

I saw some media spread how someone paid something with bitcoin using LN.

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Quote from: Abiky on August 03, 2023, 08:31:04 AM

Do you know of any restaurants and/or supermarkets in the US and abroad that sells food for BTC? It would be nice to avoid Fiat altogether and use BTC to buy our life necessities. The only place I could think of is El Salvador with its acceptance of Bitcoin as legal tender. It's likely every merchant and business there accepts BTC as payment method. I don't know about the US and developed countries. Could someone enlighten me? Thanks in advance.

There are more to this but here are few companies that accepts bitcoin payment online https://buybitcoinworldwide.com/who-accepts-bitcoin/ once you've subscribed to them, ensure that you make a decision to select your payment option as lay with bitcoin, it is very easy and still getting more comfortable for people to see where they can make their online transactions in bitcoin and purchase goods and other materials, food and groceries where payment can be allowed in bitcoin, i know of the meldives resort accepting bitcoin for payment, some educational institutions as well and many more together with El-Savador where bitcoin is a legal tender.

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Though I've never set foot in El Salvador, one fascinating tale I came across involved someone purchasing coffee with Bitcoin there. This story serves as a vivid reflection of how Bitcoin has become a fully embraced currency in the country, without any restrictions whatsoever.

https://youtube.com/shorts/fa9xB69jZk0?feature=share

Regarding the progress of other nations, like the US or any other country you mentioned, it's crucial to note that the decision to adopt Bitcoin as a payment alternative has no bearing on a country's level of advancement. Each nation holds the prerogative to decide whether Bitcoin deserves to be considered as an alternative payment method. Such determinations are entirely subjective and rest on the shoulders of the respective leaders of the concerned nation.

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Quote from: Abiky on August 03, 2023, 08:31:04 AM

I don't know about the US and developed countries. Could someone enlighten me? Thanks in advance.

If you will plan to visit the Philippines, There’s a beach island here that accepts Bitcoin on many establishments as move to spread Bitcoin. The island name is Boracay and it’s the most beautiful beach island here in the PH. Many people called it Bitcoin island due to its strong support to Bitcoin.

You can read full details here: https://thechainsaw.com/business/bitcoin-island-boracay-philippines/

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Quote from: komisariatku on August 03, 2023, 10:34:19 AM

Yes, for occasional purchases, $0.7 might not be a problem. But if I make purchases frequently enough, like eating 3x a day, $0.7 is going to be a serious problem for me. especially for me it only takes $3 for a meal so $0.7 is a lot as it seems like 20% of my meal cost

Lucius was actually referring to the $200 you hinted, i would say it would be carefree to actually make a purchase of such things at such price using any electronic means that’s is even fiat transfer or credit card because the fee will certainly be a worth after. The only way will be paying through paper money.

Quote

Btw, sorry if this is off topic, but honestly I'm curious if bitcoins are effective for everyday purchases? Maybe someone who has lived in a country where bitcoin is legal as a means of payment can share their experience with bitcoin. I have a thought that bitcoins are not effective for everyday purchases due to high transaction fees and busy network so they often get delayed but that is just my opinion, I have never had any real experience using bitcoins for daily transactions.

For transactions in large numbers, let alone across countries, we seem to agree that the use of bitcoin is very effective and transaction costs look very cheap compared to the fiat system.

Bitcoin isn’t effectively ok if you’re definitely buying stuffs of low cost like below $10 dollar but aside that it seems ok. Also most of these businesses will surely have the lightening network integrated which is key to saving one from paying too much and also makes transactions faster. But aside that it is not ok to pay using bitcoin for frivolous things. I even advice it usage only on cross border transactions or when fiat payment will be a stress

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Quote from: Abiky on August 03, 2023, 08:31:04 AM

Do you know of any restaurants and/or supermarkets in the US and abroad that sells food for BTC? It would be nice to avoid Fiat altogether and use BTC to buy our life necessities. The only place I could think of is El Salvador with its acceptance of Bitcoin as legal tender. It's likely every merchant and business there accepts BTC as payment method. I don't know about the US and developed countries. Could someone enlighten me? Thanks in advance.

I heard that Rotan Island in Caribbean accepts bitcoin widely and bitcoin can be used to pay for whatever thing you want to buy in Rotan. They have a large bitcoin community on the Island so using bitcoin in their restaurant is accepted.

In my country bitcoin is illegal and I have never thought of using bitcoin for buying foodstuff because you can only use it in some businesses that accept bitcoin secretly. I don't think that we can deal without using fiat in this world because bitcoin and fiat goes hand in hand.

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Quote from: Abiky on August 03, 2023, 08:31:04 AM

Do you know of any restaurants and/or supermarkets in the US and abroad that sells food for BTC? It would be nice to avoid Fiat altogether and use BTC to buy our life necessities. The only place I could think of is El Salvador with its acceptance of Bitcoin as legal tender. It's likely every merchant and business there accepts BTC as payment method. I don't know about the US and developed countries. Could someone enlighten me? Thanks in advance.

As far as I know Burger King accepts payment through Bitcoin. But I don't know about any other restaurant. However, I have come to know about some restaurants by article from Google, but I am not sure how true they are. 5 Restaurant that accept Bitcoin as there payment I have some faith in these 5 restaurants accepting Bitcoin which is why I shared this article link here. But I am confused about the restaurants other than Burger King

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Quote from: Lucius on August 03, 2023, 10:10:22 AM

The value of the transaction has nothing to do with fees, but depends on some other factors such as the number of inputs/outputs (the size of the transaction) and the current state of the mempool. This means that if you were to buy food for $200 now (paid in BTC) and it was a standard-sized transaction, you would pay about $0.70 for a priority transaction.

Yes, for occasional purchases, $0.7 might not be a problem. But if I make purchases frequently enough, like eating 3x a day, $0.7 is going to be a serious problem for me. especially for me it only takes $3 for a meal so $0.7 is a lot as it seems like 20% of my meal cost

Btw, sorry if this is off topic, but honestly I'm curious if bitcoins are effective for everyday purchases? Maybe someone who has lived in a country where bitcoin is legal as a means of payment can share their experience with bitcoin. I have a thought that bitcoins are not effective for everyday purchases due to high transaction fees and busy network so they often get delayed but that is just my opinion, I have never had any real experience using bitcoins for daily transactions.

For transactions in large numbers, let alone across countries, we seem to agree that the use of bitcoin is very effective and transaction costs look very cheap compared to the fiat system.

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Quote from: Abiky on August 03, 2023, 08:31:04 AM

~snip~
Could someone enlighten me? Thanks in advance.

If @Faisal2202 managed to find the answer to your question, I doubt that you couldn't do the same, it's about the basics of using a search engine.

I will not repeat what is already on the links in the previous posts, but as far as the EU is concerned, the Dutch city of Arnhem is known as Bitcoin City and they say that you can buy almost anything for BTC there, including food.

Quote from: komisariatku on August 03, 2023, 08:52:06 AM

I never thought of buying products that have cheap prices with bitcoins. Transaction fees will look very expensive for transactions under $200.
~snip~

The value of the transaction has nothing to do with fees, but depends on some other factors such as the number of inputs/outputs (the size of the transaction) and the current state of the mempool. This means that if you were to buy food for $200 now (paid in BTC) and it was a standard-sized transaction, you would pay about $0.70 for a priority transaction.

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Quote from: Abiky on August 03, 2023, 08:31:04 AM

Do you know of any restaurants and/or supermarkets in the US and abroad that sells food for BTC? It would be nice to avoid Fiat altogether and use BTC to buy our life necessities. The only place I could think of is El Salvador with its acceptance of Bitcoin as legal tender. It's likely every merchant and business there accepts BTC as payment method. I don't know about the US and developed countries. Could someone enlighten me? Thanks in advance.

I posted something in the german part of the forum 2 days ago. It is about the fast food company Subway, which accepts bitcoin in Germany. Not all stations, but there are over 100. Here is my posting and the report in the Media about it: Re: BTC Akzeptanz bei PayPal, Tesla, Amazon, Twitter, Mastercard, Sparkasse ... There you can buy your sandwich, which is not cheap, but they are food and drinks.

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If I am not wrong, Subway and Burger King are accepting Bitcoin and other crypto payments. They use the Flexa payment network to get it processed. El Salvador is in a different universe, everything and anything can be paid off with Bitcoin, completely avoiding the usage of Flat. Starbucks also has Bitcoin payments accepted, depending on the store location. And in groceries, Whole Foods Market is the one which accepts Bitcoin.

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Quote from: Abiky on August 03, 2023, 08:31:04 AM

Do you know of any restaurants and/or supermarkets in the US and abroad that sells food for BTC? It would be nice to avoid Fiat altogether and use BTC to buy our life necessities. The only place I could think of is El Salvador with its acceptance of Bitcoin as legal tender. It's likely every merchant and business there accepts BTC as payment method. I don't know about the US and developed countries. Could someone enlighten me? Thanks in advance.

I never thought of buying products that have cheap prices with bitcoins. Transaction fees will look very expensive for transactions under $200. Especially if every time you pay you have to wait for the transaction to be confirmed by the network, it takes a long time. Even though I love bitcoin, in some cases, using bitcoin is not a solution but a new problem.

But I'm not against your wish to find a restaurant that can pay with bitcoins. In my country bitcoin is banned as a means of payment and can only be owned as an asset so I can't recommend anything to you. But if I may ask, wouldn't you find it expensive to buy a cheap product with a transaction fee of around $0.5? In my opinion using fiat is cheaper and free of transaction fees if you use the same bank network

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There are only few which directly accepts BTC as payment method but many food companies accept btc indirectly. Like first you have yo buy gift cards using BTC and then using those gift cards you could buy food.

You could buy Food at Starbucks and Whole Foods Market -->Source
You could buy groceries directly from these stores -->Source

My suggestion for you is: Buy all the groceries at once like in bulk this will save your transactions fee of BTC and also a good gesture towards savings. You should use BTC wisely as i also know food is necassary too but spending of BTC should be strategic. Only thing came to my mind in terms of food is gift cards are best way.

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You should be able to find the ones that accept bitcoin directly on CoinMap. otherwise, you will have to use gift cards from bitrefill or some other gift card provider that accepts bitcoin, but this obviously only applies to big companies.

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Do you know of any restaurants and/or supermarkets in the US and abroad that sells food for BTC? It would be nice to avoid Fiat altogether and use BTC to buy our life necessities. The only place I could think of is El Salvador with its acceptance of Bitcoin as legal tender. It's likely every merchant and business there accepts BTC as payment method. I don't know about the US and developed countries. Could someone enlighten me? Thanks in advance.

Topic: Buying food with BTC (Read 432 times)