Large Coffee Chain Based In D.C. Will Now Accept Crypto As Payment

March 20, 2024 12:36 pm Comments

Veteran-owned coffee brand Compass Coffee has announced it will now accept cryptocurrency as a payment method.

Compass Coffee, which has 16 stores in the D.C. area has partnered up with Coinbase to offer their customers the option to pay with USDC.

The move by Compass makes the coffee chain the first coffee chain in the D.C. area to accept cryptocurrency as a form of payment.

At one location, customers will receive a whopping 90% off on their orders when using USDC.

Here’s what Fox Business reported:

A test case for mainstreaming cryptocurrency is coming to a local coffee chain in the nation’s capital, FOX Business has learned.

Compass Coffee, a veteran-owned coffee brand with sixteen stores in the D.C. area, is partnering with the U.S.’s largest crypto exchange, Coinbase, to offer customers the option to pay for their morning brew with USDC, a so-called “stablecoin,” a form of cryptocurrency that works like a digital dollar. Compass is the first D.C. cafe to accept payments in USDC.

On Wednesday, customers who pay with USDC at Compass’s Half Street location will get 90% off their orders as well as a non-fungible token, a type of digital asset, that can be used to redeem a free tin of coffee branded with the Coinbase and Compass logos.

The move is the latest example of how crypto is slowly making its way to Main Street, with U.S. businesses opening up to the idea of accepting cryptocurrency as a payment option.

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