Earn Cryptocurrency for Dining At Hooters, Other US Fast Food Chains

Hooters Will Offer Customers Cryptocurrency for Dining In

Cryptocurrencies are all the rage these days. Even as Bitcoin — the most pop cryptocurrency past far — has been shedding dollars off its toll, people still remain interested in cryptocurrencies as an investment. After all, Bitcoin did post a 1600% increase in value last year. Every bit a result, Blockchains have go something stock markets are in love with, and companies are making total use of this interest.

Last month, the company Long Island Ice Tea rebranded as Long Blockchain, leading its stock price to triple in value, and now, Chanticleer Holdings — a company with a minority stake in Hooters America, and a number of burger chains to its name — has announced that it's shifting its rewards program to the Blockchain. A evolution that has caused its stock price to ascent past fifty%.

Chanticleer Holdings owns a number of burger chains in the United States, including a number of Hooter's restaurants. All of the restaurants that come under Chanticleer Holdings will now offer cryptocurrency every bit rewards to its customers.

According to Chanticleer's CEO Michael Pruitt, "Mobivity Merit is existent cryptocurrency, leveraging the same infrastructure and principles of bitcoin, Ethereum, Ripple, litecoin."

Mobivity Merit — the cryptocurrency on offer — volition allow customers to easily spend their rewards points at other burger chains, and even trade the currency if they want, giving customers more flexibility every bit to what they can do with their rewards.

The new rewards program will start rolling-out in mid-2018, and Chanticleer expects to offer the Blockchain based rewards in all of its restaurants by the end of this twelvemonth.

Whether or non this new rewards system is loved past customers as much as it is being loved by the stock market place remains to be seen. Nonetheless, even attempting a feat such as this in a market that has been highly tied-downward as far as rewards systems go, is a big achievement in and of itself. That doesn't, however, diminish the fact that Chanticleer needs this step to work out. The company isn't one of the multi-billion behemoths of the world; it'southward market cap is only $12 1000000 — a number that'southward lower than fifty-fifty the market cap of a cryptocurrency similar Dogecoin ($1 billion).