Inside ‘Chai Ada’, the first café in UK to accept cryptocurrency

moneycontrol.com:

A London café, owned by a Pakistani man, accepts cryptocurrency as a form of payment, the first to do so in the United Kingdom.

Called “Chai Ada”, the outlet serves several varieties of tea and coffee as well as south Asian favourites like biryani, chicken tikka, parantha and halwa. They accept seven types of cryptocurrencies, including Bitcoin, Ethereum, dogecoin and Shiba Inu.

The theme of “Chai Ada” is urban truck art. The art work at the café has been done by Pakistan artists.

Chai AdaAn futuristic Pakistani truck-art themed café in London, which accepts payment in 7 #Crypto currencies including #Bitcoin #Ethereum #dogecoin #shiba #XRP & sells its #NFTs. It’s also planning to venture into metaverse pic.twitter.com/GAlSWwHlRn

Tayyab Shafiq, the owner of the café, said their model is that of non-fungible token (NFT) franchising.

“If you acquire our NFTs, we give you a 10% lifetime discount,” Shafiq said. “This is the first café in the world that is set to be launched in metaverse.”

Shafiq acknowledged that there were risks associated with highly-volatile cryptocurrencies but said he believed that they are the future.