Only 6% Of UAE’s F&B Patrons Keen to Adopt Crypto Payment: Oracle -Breaking
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© Reuters. Only 6% Of UAE’s F&B Patrons Keen to Adopt Crypto Payment: Oracle- Oracle’s survey on the F&B industry in UAE reveals crypto payments are a slow burner.
- Respondents in the UAE are only willing to accept crypto payments at restaurants.
- 56% respondents prefer to pay with cash, credit/debit or card.
UAE is at the forefront in blurring the boundaries between real and virtual worlds thanks to the fast-paced metaverse.
Where on one hand an increasing number of Food and Beverage (F&B) outlets are embracing cryptocurrencies enabling diners to pay for their meals from their digital wallets. On the other hand, the findings of a recent survey published by Oracle (NYSE:) suggest that only 6% of respondents are willing to adopt crypto as a mode of payment in the F&B business.
Although there are many restaurants,…
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