This cafe accepts CRYPTO as a form of payment

Published: 23:43 EST, 3 January 2022 | Updated: 02:32 EST, 4 January 2022 By Carina Stathis For Daily Mail Australia

Crypto Coffee in Brisbane has embraced the growing trend and named menu items after popular digital coins – including Bitcoin, Ethereum and Ripple.

A local café is the first of its kind in Australia to accept cryptocurrency as a form of payment.

Unlike cash, cryptocurrency is completely digital and can be used to buy goods and services – but is often exchanged for a profit online if the price has increased.

Customers can also get $20 worth of Bitcoin after visiting the café and signing up to the new cryptocurrency platform, Swyftx. 

Crypto Coffee in Brisbane is one of the first cafes in Australia to accept cryptocurrency as a form of payment

Unlike cash, cryptocurrency is completely digital and can be used to buy goods and services but is often exchanged for a profit online if the price has increased

Fresh salads with avocado and chicken, fruit smoothies along with speciality coffee is also available.

The all-day menu includes XRP (Ripple) smashed avo on toast, Doge BLT sandwich and ETH (Ethereum) ham, cheese and tomato toastie.

Prices range from $6 for two slices of Shiba toast to $18.90 for a huge Crypto breakfast complete with two poached eggs on sourdough toast, mushrooms, sausages, avocado and bacon.

But in order to buy, trade and use cryptocurrency, consumers need to use specific platforms, like Swyftx which is the newest in the country.

Customers can also get $20 worth of Bitcoin after visiting the café and signing up to the new cryptocurrency platform, Swyftx

In order to buy, trade and use cryptocurrency, consumers need to use specific platforms, like Swyftx which is the newest in the country

Open seven days a week, Crypto Coffee will likely pave the way for future cafes to start using the digital currency as an alternative payment option.

The café also accepts cash and eftpos.

In a YouTube video, finance expert Queenie Tan said crypto’ comes from the word cryptography, the art of solving puzzles, while ‘currency’ is a means of exchange for goods and services.

Unlike physical currencies such as the Australian or US dollar, cryptocurrency is completely digital and ‘decentralised’ – meaning it’s not controlled by any banks or government.

Before diving into how to buy cryptocurrency, it’s essential to understand what it is and why it’s a popular talking point in the digital sphere. 

Queenie uses Swyftx which has relatively low fees of 0.6 per cent and no deposit or withdrawal fees – though some alternatives include CoinSpot and Crypto.com. 

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