Food Court in Singapore Accepts Cryptocurrency Payments

Asia Blockchain Review
July 18, 2019

Kopitiam, a food court operator for Singaporean shopping malls, has revealed that it recently developed a platform which will allow customers to make payments in cryptocurrencies such as Bitcoin.

Food Merchants Embraces Bitcoin 

According to Blockonomi, Kopitiam is currently accepting payments in Bitcoin (BTC) and Ether (ETH), as its self-serving stations at food courts have been connected to a digital payment system that also accepts crypto.

This platform, called KOPItech, lets customers pay with crypto for meal orders on the system. Kopitiam chief Alden Tan disclosed that more than S$370,000 has been invested in upgrading the KOPItech platform. 

“Allowing cryptocurrencies will help us to learn more about this segment of the payment system. This group of customers may grow in the future, so this is what we want to attract. We are always mindful of how we could add more customers to the food court,” said Tan.

Catering to Customers with Cryptocurrency

Tan noted that the company took three years to plan and develop the project, as Kopitiam seeks to leverage the increasing popularity of cryptocurrencies in order to attract more customers to its services.

The chain’s new system is part of the company’s efforts to stand out from competitors in the food and beverage business, and to cater to the changing behaviors of customers.

“We wanted to do something different and ride on the trend of technology […] From the data analysis, we will be able to think of something that can serve them more, be it offering food delivery, or expanding on some payment mode that I think will bring more customers to the outlet,” said Tan.

Source: https://blockonomi.com


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    2020: Managing the Expectations of Blockchain Related Hype
    As blockchain technology evolves, the ecosystem for a lot of things is advancing as time goes by. So...

    February 22, 2020

    Is Blockchain the Saviour that Healthcare Needs?
    2019 saw almost USD$4 billion worth of healthcare data breaches, but it's not all doom and gloom, as...

    February 19, 2020

    MESTECC Launches 130 Technology Initiatives for 2020
    In line with the “Own It. Do It. Ace It.” campaign, the Ministry of Energy, Science, Technology, Env...

    February 17, 2020

    Australian Government Unveils National Blockchain Roadmap
    The national blockchain roadmap is all about progressing the country towards a blockchain-empowered ...

    February 17, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us