Crypto is now part of your daily coffee run, via a café in inner suburban New Farm, Brisbane. This one-of-a-kind venture – Crypto Coffee – allows patrons to pay with funds from a crypto wallet, using a business model developed in partnership with cryptocurrency platform Swyftx.
Crypto Coffee uses crypto in all its transactions, removing banks from the equation entirely. Cryptocurrency platform Swyftx, based in the Queensland capital, helped bring the idea to life, removing currency conversion hurdles and helping to convert crypto newbies by offering A$20 worth of bitcoin to new Crypto Coffee customers.
How to Buy Your Coffee with Crypto?
Simply sign up to Swyftx with the QR code in-store. Once customers have a wallet, staff will help them place their orders. Swyftx also provides Crypto Coffee with links to live currency price charts that are displayed alongside the menu board.
All meals on offer at the café follow the crypto theme, adding extra novelty to the experience. Options include Shiba toast, Doge BLT, and the BTC chipotle chicken toastie.
Word of mouth has been Crypto Coffee’s best promotional tool, with LinkedIn also spreading the news to the Queensland University of Technology (QUT), whose blockchain course further publicised the café. Crypto Coffee’s Instagram page garnered immense interest in the weeks prior to the café’s opening, further fuelling awareness of the venture.
Crypto Coffee is located at 572 Brunswick St, New Farm.
Crypto Moves into the Mainstream
Australia-wide, more and more industries are accepting crypto as a means of payment. These include online shopping, house renovations, solar installation and luxury properties. An example of the latter is a 2021 sale of a A$8 million Brisbane mega-mansion in a deal that allowed the use of crypto alongside standard payment methods for the purchase.