Crypto

Corporate Adoption: Restaurant Chain Everbowl Embraces The Bitcoin Standard

Another dining establishment business is including Bitcoin to its balance sheet. On Everbowl’s site, they declare “At everbowl, we believe the key to life is motion,” and they’re putting their cash where their mouth is. Under the Bitcoin requirement, a brand-new phase awaits this California-based “quick-serve restaurant chain with over 50 locations.” Are they accepting the future of company or is this simply a trick?

Related Reading | You Won’t Believe What Bitcoin Jungle Is Building In Costa Rica

As Jeff Fenster, Everbowl‘s creator and CEO, informed Yahoo! Finance

“We’ve concluded that running the business exclusively on cash isn’t the most advantageous, nor the safest, method of running a business in 2022 and beyond. Also, I understand that it is still early in terms of corporate adoption, as well as governmental adoption of Bitcoin, but we plan to make a contribution to this cause by leading with our example.”

A couple of months earlier, Bitcoinist brought you Tahinis’ story, which shares a comparable sensation as Everbowl‘s: 

“Business was booming again, but the owners were studying Bitcoin and the nature of money and the financial system. They understood what was happening. “it was apparent to us that cash didn’t have the same appeal. That eventually with all the excess cash circulating the economy that cash would be worth less.”

There’s no doubt that money will gradually deserve less, however, will it end up being useless?

Everbowl Is Taking A Stand

It’s not main yet, however obviously, Everbowl will use their staff members the choice to be paid in Bitcoin. This is a brand-new frontier that not Tahinis nor MicroStrategy has actually touched. In his current interview with Michael Saylor, Jack Dorsey verified that Block pays Spiral BTC staff members in BTC, however that’s a speculative business laser-focused on Bitcoin advancement. 

Everbowl is another animal entirely, and Fenster believes the future is now:

“A disruptive growth company should always position itself ahead of the pack and take the lead by adopting new technologies early rather than late. We believe it’s a matter of “when,” not “if,” that Bitcoin Standard will end up being the Gold Standard.”

BTC rate chart for 02/05/2022 on Bittrex | Source: BTC/USD on TradingView.com

The Loss Of Purchasing Power

As it occurred with MicroStrategy and Tahinis, the factor for Everbowl ‘s switch to the Bitcoin standard had to do with inflation. The government’s widespread cash printing is decreasing the value of everybody’s reserves, it’s as easy as that. Once once again, Jeff Fenster:

 “As CEO, it is my responsibility to constantly keep an eye out for threats facing the company. In light of the excessive debasement of the U.S. dollar coupled with a 39-Year high inflation rate, we knew we had to rethink our treasury strategy. Upon learning more about the Bitcoin Standard and exploring the path ahead, it became more apparent that our organization must adopt it. The value of the cash within our company is eroding at an unsustainable rate. I strongly encourage all business leaders to at a minimum do their own research on Bitcoin to better understand the strategy.”

Related Reading | MicroStrategy Is The Sole Driver Of Bitcoin Corporate Treasury Balance Growth

That’s secret, do your own research study and choose appropriately. To embrace the Bitcoin basic needs conviction, and just numerous hours of research study can offer you that. There are no faster ways. That being stated, you don’t need to be MicroStrategy or Block to include Bitcoin to your business’s balance sheet. Medium and small companies can likewise benefit significantly from this method, as Tahinis and now Everbowl will reveal. 

This is how Bitcoin wins. From the ground up.

Featured Image by Eiliv-Sonas Aceron on Unsplash  | Charts by TradingView



Michael Evans

Professional writer, editor, and producer with over a decade of experience. I'm an experienced editor who has written for a variety of publications, and I specialize in editing non-fiction articles, news, and business blogs.

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