NASDAQ-listed FAT Brands accepts Bitcoin for franchise payments 5 seconds ago

cryptonews
04-03

FAT Brands, an iconic restaurant chain listed on the Nasdaq, has added cryptocurrency to its accepted payment methods.

The global restaurant franchising company announced the move via a press release on April 2, noting that it now officially accepts Bitcoin (BTC) for royalty payments. The company now supports BTC for franchise payments at its more than 2,300 locations worldwide.

FAT is the parent company of Round Table Pizza, Fatburger, Johnny Rockets, Twin Peaks, and 14 other restaurant franchises across the globe. It launched in 2003 with the acquisition of Fatburger, a West Coast burger chain.

The move to add Bitcoin for royalty payments makes FAT Brands the first company in the restaurant franchise industry to adopt crypto amid growing mainstream interest.

“Over the years, Bitcoin has transformed into a mainstream asset and, as a Company, we see great value in expanding our forms of payments for our franchisees, especially for our international partners, who make up over 20 percent of our portfolio,” Thayer Wiederhorn, chief operating officer of FAT Brands, said in a statement.

FAT Brands plans to use Bitcoin to streamline and simplify the payment process across its franchise network. The company’s 18 restaurant brands also include Marble Slab Creamery, Fazoli’s, Great American Cookies, Smokey Bones, and Hot Dog on a Stick.

“We look forward to utilizing Bitcoin as an efficient tool for streamlining and simplifying the payment process and are excited to be at the forefront of this evolution in embracing Bitcoin as it continues to grow in popularity,” Wiederhorn added.

Notably, it’s not the first company to accept Bitcoin, Ethereum (ETH) and other cryptocurrencies. However, the move strengthens the franchise chain’s potential to tap into a market teeming with opportunity as financial and technological innovation takes root.

Some of the global brands that accept cryptocurrency payments include Travala, Nike, GameStop and Best Buy.

You might also like: GameStop completes $1.5B sale, eyeing Bitcoin acquisition

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10