January 27, 2022

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

The company said that they are not going to withdraw money from the cryptocurrency until they are required for current needs.

Canadian restaurant chain Tahini's announcedtransferring all of your cash reserves to bitcoin. According to a company representative, fiat currency is losing its value and attractiveness due to its surplus in the economy. At the same time, bitcoin allows you to save funds, as it is "a true technology of free saving."

“As a company, we decided to store all surplus cash reserves in bitcoin because it offers a solution that is 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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