Canada-based Middle Eastern restaurant chain Tahini’s has converted all of its cash reserves into bitcoin. The company says bitcoin offers a much better alternative to cash savings.
From Cash Savings to Bitcoin
Middle Eastern restaurant chain Tahini’s has announced via Twitter that its entire cash reserves have been converted into bitcoin. Tahini’s is a small company that started in London, a Canadian city in southwestern Ontario. The Mediterranean restaurant chain currently operates four locations, with three franchise locations about to open up in Ontario. The company tweeted on Tuesday:
We just converted our entire cash reserves that were originally used as savings into bitcoin.
Tahini’s proceeded to explain the reasons behind its decision to convert all of its cash reserves into the cryptocurrency. “Going through the crisis of March business was tough on us & people were scared to go out to eat,” the company described, adding that times were tough and many people were let go at the time they were trying to expand their…