Whether you’re getting a black coffee, buying a t-shirt, or using its coworking space, the only option to pay at the “Crypto Currency Cafe” in Prague is, well, with crypto.
James Putra, Product Strategy Leader at TradeStation and self-proclaimed blockchain fanatic, joined Cheddar from the space. He points out that the cafe, which accepts Bitcoin and Litecoin, doubles as an institute where people “can understand what’s happening” with the technology.
“I’ve met people that are novice to very hard-core crypto enthusiasts,” he said. “I’ve even met a barista that has a chip planted [in her hand] that activates her cryptocurrency wallet.”
This cafe is one of many vendors accepting crypto payments. CoinMap, incidentally also based in Prague, provides a digital map that allows users to locate options across the world.
Putra says that Europe has been particularly receptive to the digital currencies.
“I've been in London, and Munich, and also in Prague … whether you’re walking through the streets and you see a cryptocurrency ATM, [or] you find a place like this cafe where you can actually spend the cryptocurrency,” he said. “People are looking for more ways to be involved.”
For full interview [click here](https://cheddar.com/videos/paying-for-coffee-with-crypto).
As the country watches the financial situation and monitors decisions from the Federal Reserve, many may be re-evaluating what to do with their money, with interest and mortgage rates at some of the highest levels seen in decades. Mark Hamrick, Washington bureau chief and senior economic analyst with Bankrate, joined Cheddar News to provide tips on your money management as monetary policy continues to change.
A Dutch recruitment firm found that only 42% of employees who have been laid off this year actually received severance, down from 64% who received severance in 2021.
Direct deposit delays due to a human error that happened last week have resulted in some customers still not receiving their paychecks.
Nestle is reportedly investing $100 million in food delivery startup Wonder Group.
Arturo Béjar testified before a Senate subcommittee on Tuesday about social media and the teen mental health crisis, hoping to shed light on how Meta executives, including Zuckerberg, knew about the harms Instagram was causing but chose not to make meaningful changes to address them.
Nike is suing two of its competitors for alleged patent infringement.
Uber missed analysts' projections for earnings per share and revenue this past quarter. Cheddar News takes a closer look at the numbers and explains what to expect for the rest of the fiscal year.
Cheddar News breaks down some of the top business stories to look out for, including WeWork's bankruptcy filing and fast-fashion retailer Shein reportedly expecting a $90 million valuation upon its market debut. Plus, a new EV truck will have a backup gas generator.
WeWork has filed for Chapter 11 bankruptcy protection.
Bumble, the female-focused dating app, announced that Whitney Wolf Hurd, the company's founder and CEO, will step down in January.
