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15000 Restaurants in France Accepts Crypto Payments

restaurant accepting cryptos

October 12, 2020 | 

445 Views | 

JOHN K MWANIKI | 

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The cryptocurrency world has been growing at unprecedented levels. Its adoption in the mainstream world has been improving. One of the groundbreaking adoptions is acceptance by a restaurant chain in France. 

Just Eat, one of the leading online food ordering platforms, allows users to pay using Bitcoin. The platform supports more than 1500 restaurants on its website. It means the crypto users don't have to worry about using fiat currencies on the platform. They can use the currencies right from their online wallets on any of the restaurants. The move goes a long way in improving cryptocurrency adoption in the European nation. 

The change on Just Eat comes after its acquisition by the giant group, Takeaway.com. Adopting cryptos is one of the changes that come with new management. Takeaway.com had been accepting Bitcoin and other cryptocurrencies since 2017

The new management has also seen an upgrade to the platform's website. It has also expanded the payment methods to other digital payment options. The platform now supports Apple Pay and Google. It has also retained traditional payment methods like credit cards, PayPal, and Cash. 

How Paying with Bitcoin at the Restaurants Work

Paying with Bitcoin on the platform is straightforward. The account provides for various payment methods when placing an order. Select the Bitcoin option. The site will transfer you to the Bitpay website. From where you choose your preferred crypto wallets and exchanges.

Bitpay supports various crypto tokens; BTC, ETH, BCH, XRP, GUSD, and PAX. It also has most of the popular wallets like Binance, Bitfinex, and BitMEX. The Atomic, Ballet, BitGo, and Bitcoin core are also available. 

After choosing a wallet, the site prompts you to choose the preferred crypto. In the case of Bitcoin, you choose between BTC and BCH. Afterward, it presents to you a QR code to complete the transaction. 

You are redirected to the Just Eat website once the payment is successful. The order reflects on the system and is then sent to the restaurant of choice. The transaction using Bitcoin does not come with any transaction fees. The site calculates the price of Bitcoin depending on the current price in Bitpay. 

The process might seem a little tedious. In real sense, it is quite simple. You complete all the transactions within one go. You only need to have all your details on the device as needed. 

The site also provides for the cancelation of orders. It, however, doesn't refund through the cryptos. 

It instead refunds the paid amount in Euros into the user's bank account. The amount refunded will depend on the rates at the time of making an order. 

Not using real-time exchange rates protects the platform from the volatility risks. They can then concentrate on their core service of food delivery.  

What do Restaurants in France accepting Bitcoin mean to the Crypto World?

Using cryptocurrencies for online payments is becoming the in-thing. Access to payment processing options is becoming more widespread. The same applies to the crypto wallets and Bitcoin exchanges. It is only a matter of time before using cryptos becomes a normal thing. It would seem like using other digital payment methods like PayPal. 

The adoption by the restaurants in France acts like the needed test. As a new payment method, users are yet to gain confidence. There are several grey areas the users are yet to establish. Some of the concerns are as simple as how to go about paying using Bitcoins. They can also be as complex as refund policies and exchange rates. 

For now, the users can rely on what happens with Just Eat to see if Bitcoin use is ideal. They can compare the convenience and the costs involved. They also have the option to try out different cryptocurrencies the platform supports. In the end, they can decide whether to use cryptos or stick to traditional payment methods. 

There is a higher chance of success. Takeaways.com comes with the needed experience. For that, it will act as a virtual currency adoption catalyst. It will have an impact on the hospitality industry. Most tourists find it cumbersome to exchange funds into the local fiat currency. With merchants accepting Bitcoin, tourists avoid the hectic exchange process. 

The coin will also attract many users for the needed high liquidity.

Reasons for the Increase in Crypto Mainstream Use

The prospects of Bitcoin becoming mainstream has been on for some time. Some publications even believe they would achieve this in 2020. These sources site a weakening dollar as the main reason for Bitcoin becoming mainstream. 

The effects of Coronavirus have been massive on the fiat currencies. They have lost so much value as the economy slumps. Cryptos, on the other hand, have been on the gain pattern. Most consumers now prefer digital currency

The other pull towards cryptos is the increased regulations. Most traders have avoided cryptos due to the risks involved. The coins have been a hub for criminal activities and scams. 

The regulations make it more reliable. Users get to understand the operations and assured safety. Already the regulations are attracting the institutional investors.  

The growth of both centralized and decentralized crypto tools is also vital. Users get to choose preferred tools depending on their needs. Several tools also help in enhancing secure and speedy transactions.

Bottom Line 

Just Eats accepting Bitcoin orders is huge to the digital currency world. Founded in 2001, the platform partners with over 240,000 restaurants. It is fast becoming a global brand. It has presence in the UK, New Zealand, Australia, Italy, Denmark, Spain, Norway, and Ireland. It is also getting a footing in the South American markets of Mexico and Brazil. 

The acquisition by Takeaway looks like an ideal business. Having been accepting the virtual currencies, it has everything to make Bitcoin work. 

The launch of crypto payment is also the way to go for other merchants. Digital currencies are on the verge of becoming mainstream. They are undergoing regulations like never before. Soon enough, several other entities will be headed the crypto way. It only takes Just Eat's platform to succeed. 

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