Canadian restaurant chain has converted all of its cash reserves to Bitcoin

The company stated that it does not intend to withdraw money from cryptocurrency until it is needed forcurrent needs.

Canadian restaurant chain Tahini's announcedabout transferring all of your cash reserves to Bitcoin. According to a company representative, fiat currency is losing its value and attractiveness due to its oversupply in the economy. At the same time, Bitcoin allows you to save money, as it is a “true free savings technology.”

“As a company, we have decided to store all excess cash reserves in Bitcoin because it offers a solution superior to fiat currency storage,” Tahini’s said.

The company added that they will usebitcoin to save reserves until the money is needed for current needs. A spokesperson for the restaurant chain added that it was able to maintain profitability despite the crisis caused by the spread of COVID-19.

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