Llandudno Restaurant Is “The First In Wales” To Accept Cryptocurrency To Pay For A Meal

An Italian restaurant claims it is the “first in Wales” to accept multiple cryptocurrencies as payment. Romeos Ristorante Italiano in Llandudno has embraced the growing trend and will now allow people to pay for their meals using popular and growing digital coins – including Bitcoin, Ethereum and XRP.

Unlike cash, cryptocurrency is completely digital and can be used to buy goods and services – but is often redeemed for a profit online if the price has risen. A cryptocurrency is a digital-only token. It uses cryptography to regulate how tokens are created, how they are traded, and how secure they are.

Speaking to North Wales Live, business owner Stefano Milo said: “We have simplified the checkout process with crypto. “The customer will simply select the crypto they wish to spend, scan the QR code at checkout and send the equivalent amount in cash and the app will determine the exact exchange value of the bitcoin required.

Read more: Five Travelodge hotels in North Wales offer jobs

“We will operate the same menu and the prices will remain the same so for the customer there is no difference other than the method of payment. “Moving the business forward and using this payment method as an additional payment helps grow the cryptocurrency network, which I predict by 2025 will be around 1 billion users due to rapid adoption .”

“I sincerely believe that crypto is the future, and that’s how it will evolve. “We are an Italian restaurant created almost 30 years ago, founded by my father, which I took over 10 years ago. ”

He came up with the crypto plan at a dark time for the company. He explained: “During the Covid lockdown we closed up shop and I found a hobby and started learning cryptocurrency.

“After many months of research and sleepless nights not knowing where the business was headed due to the pandemic, I dedicated my time to having a back-up plan in case of a worst-case scenario. “Recently back from a bitcoin conference in Miami, I have made some new connections and now plan to bring it to North Wales, making my restaurant the first in Wales to accept cryptocurrency as a method of payment.



The only change for the customer will be the method of payment, while the prices remain the same.

Cryptocurrencies do not use or need a central bank or government to control or manage them. Bitcoin was the first cryptocurrency created and all cryptocurrency transactions are stored on a public, global list or ledger.

This means that records are stored in different places (nodes) at once. They are exchanged electronically without a central party or intermediary needing to approve the transaction.

Cryptocurrencies and decentralized finance tokens can be extremely volatile, so your money can go down as well as up in the blink of an eye. Investing is not a guaranteed way to make money, so make sure you know the risks and can afford to lose money.

Bitcoin’s value was boosted and hit record highs in 2021 after receiving support from Tesla founder Elon Musk.

Bitcoin’s value was boosted and hit record highs in 2021 after receiving support from Tesla founder Elon Musk.

If you invest, your money will not be covered by the Financial Services Compensation Scheme (FSCS), which protects up to £85,000 of your savings in the event of a business going bankrupt. You also cannot go to the Financial Ombudsman Service if you have a problem.

Companies offering crypto-assets must now be registered with the Financial Conduct Authority (FCA) and anyone investing in cryptocurrencies should check before investing.

We wish to give thanks to the writer of this write-up for this outstanding web content

Llandudno Restaurant Is “The First In Wales” To Accept Cryptocurrency To Pay For A Meal


Explore our social media accounts and other related pageshttps://metfabtech.com/related-pages/