December 5, 2022

Corporate Adoption: Restaurant Chain Everbowl Embraces The Bitcoin Standard

3 min read

Another restaurant business is adding Bitcoin to its balance sheet. On Everbowl’s website, they declare “At everbowl, we believe the key to life is motion,” and they’re putting their money where their mouth is. Under the Bitcoin standard, a brand-new phase awaits this California-based “quick-serve dining establishment chain with over 50 areas.” Are they welcoming the future of business or is this simply a trick?

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As Jeff Fenster, Everbowl’s founder and CEO, told Yahoo! Financing:

“We’ve concluded that running business solely on money isn’t the most beneficial, nor the best, approach of running a service in 2022 and beyond. Also, I understand that it is still early in terms of corporate adoption, along with governmental adoption of Bitcoin, but we plan to make a contribution to this bring on by leading with our example.”

There’s no doubt that money will gradually be worth less, however, will it end up being worthless?

Everbowl Is Taking A Stand

It’s not main yet, however apparently, Everbowl will use their staff members the alternative to be paid in Bitcoin. This is a brand-new frontier that not Tahinis nor MicroStrategy has actually touched. In his recent interview with Michael Saylor, Jack Dorsey confirmed that Block pays Spiral BTC workers in BTC, but that’s a speculative business laser-focused on Bitcoin development.

Everbowl is another animal altogether, and Fenster thinks the future is now:

“A disruptive growth company should always place itself ahead of the pack and take the lead by embracing new technologies early rather than late. We believe it’s a matter of “when,” not “if,” that Bitcoin Standard will end up being the Gold Standard.”

BTCUSD price chart for 02/05/2022 - TradingView

 BTC price chart for 02/05/2022 on Bittrex|Source: BTC/USD on The Loss Of Purchasing Power

As it occurred with MicroStrategy and Tahinis, the reason for Everbowl’s switch to the Bitcoin requirement involved inflation. The federal government’s widespread cash printing is decreasing the value of everybody’s reserves, it’s as easy as that. When again, Jeff Fenster:

“As CEO, it is my obligation to continuously keep an eye out for dangers facing the company. Because of the extreme debasement of the U.S. dollar paired with a 39-Year high inflation rate, we knew we had to reassess our treasury technique. Upon learning more about the Bitcoin Standard and checking out the course ahead, it became more obvious that our organization needs to embrace it. The worth of the cash within our business is deteriorating at an unsustainable rate. I highly motivate all magnate to at a minimum do their own research study on Bitcoin to much better comprehend the method.”

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That’s key, do your own research and choose accordingly. To embrace the Bitcoin requirement needs conviction, and just hundreds of hours of research can provide you that. There are no shortcuts. That being said, you do not have to be MicroStrategy or Block to add Bitcoin to your business’s balance sheet. Medium and small companies can likewise benefit considerably from this technique, as Tahinis and now Everbowl will show.

This is how Bitcoin wins. From the ground up.

Included Image by Eiliv-Sonas Aceron on Unsplash|Charts by TradingView