Bored Ape-Themed Restaurant No Longer Accepts Bitcoin & Cryptos?

Vinod Dsouza
bayc restaurant bored and hungry

The Bored Ape Yacht Club-themed restaurant ‘Bored & Hungry’ made headlines earlier this year for being the first restaurant to fully embrace the crypto and NFT culture. The joint also announced that it will accept Bitcoin, Ethereum, ApeCoin, and other cryptos as a form of payment. However, The Los Angeles Times reported that the market crash took a toll on the restaurant and they’re no longer accepting cryptos.

Bitcoin is around the $20,000 mark while Ethereum is hovering around $1,200. The crypto crash wiped away profits from the restaurant, which is currently keen on taking fiat only, reported LA Times.

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The leading daily reported that all signboards in the restaurant which proudly proclaimed they accept cryptocurrencies have been removed. It also reported that their marketing words Bitcoin, Ethereum, and ApeCoin are no longer seen at the joint. They quoted a restaurant employee answering if they accept cryptos as, “Not today, I don’t know.”

The news about the restaurant not accepting cryptos spread like wildfire in the crypto and NFT space. The word on the street remained negative and hurt its prospects of being an ‘NFT and crypto friendly’ restaurant.

However, its owner, Andy Nguyen responded on Twitter today assuring that the restaurant still accepts cryptocurrencies. He called the recent articles published against the restaurant ‘not accepting’ cryptos “fake news”.

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“Lmao! Fake news! Why on earth would we stop accepting crypto at @BoredNHngry? We would just adjust the crypto pricing to match USD,” he tweeted. The owner assured diners, “We still and always will accept ETH & ApeCoin at our store.”

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Did People Pay Cryptos At Bored Ape Yacht Club Themed Restaurant?

Source: Los Angeles Times

LA Times had also revealed that not many diners pay using cryptos at the restaurant and choose cash and cards instead.

“Yes, Ethereum is a currency in a way where you can exchange NFTs and stuff. But as far as buying food and all that, maybe not. People want to hold onto their Ethereum. They’re not gonna want to use it.” said a crypto-enthusiast diner to the leading daily.

However, the restaurant has not disclosed how many transactions happened using cryptos at the outlet.