Gilbert Clerget, who owns and operates Café Triskele alongside his wife, was eager to accept cryptocurrency as a form of payment at his establishment. By accepting bitcoin, Clerget both avoids credit card fees and gives the cafe another way to be visible to customers.
LEE — After enjoying a nice meal at Café Triskele, you can now either pay with credit card, cash or bitcoin.
Café Triskele, at 150 Main St. in Lee, is the first restaurant to accept cryptocurrency as payment in Berkshire County. However, more retailers could soon follow, as point-of-sale platforms begin to make crypto compatible with their systems.
Cryptocurrency is a digital, decentralized form of money that is traded via blockchain, which is a digital ledger held across multiple computers that keeps track of transactions. The layers of redundancy while recording transactions are intended to safeguard the currency, and the digital aspect allows anyone to put money in crypto.
Crypto also acts like a stock, gaining and losing value based on the volume of transactions a given token sees.
As the digital currency has spread beyond its niche appeal, more people are accepting crypto as a valid form of payment. For the most part, this has been limited to online platforms only accepting the most established digital coins, like bitcoin, one of the first crypto tokens.
But companies like Square, which more than 200,000 stores in the United States use for their point-of-sale system, have begun adding bitcoin to the list of options when customers check out.
Gilbert Clerget, who owns Café Triskele with his wife, sees the new way to pay as a win-win, as paying in Bitcoin circumvents credit card charges and…
Read More: This Lee restaurant is now accepting bitcoin to pay for meals. Here’s how
