When you visit new rooftop bar Fable Melbourne you can pay for your glass of Chardonnay or gin and tonic with cryptocurrencies.
Accepting payment via cryptocurrencies is part of an emerging global trend in the retail and hospitality industries.
Fable Melbourne’s owner Gehan Rajapakse – who also owns Sofitel, Marrakech, Rah Bar, Club 23 and Crown Casino – is also the CEO of precog.finance, a cutting edge, AI-assisted crypto trading platform.
He has been working on the capability to offer crypto as a payment option since before the venue opened in November.
“We are so thrilled to be able to provide this option for our clientele at Fable Melbourne,” Gegan says.
“Blockchain technology is revolutionising the way we interact, and now even how we engage in commerce with greater efficiency and transparency.
“Very exciting for brick and mortar merchants like us to be able to plug into this capability.”
Cryptocurrencies accepted at Fable Melbourne include Bitcoin, Ethereum, Tether and a number of other currencies.
With Starbucks USA announcing its acceptance of cryptocurrency in November last year, this new announcement from Fable Melbourne may signify a rising acceptance of crypto in Australia’s hospitality and retail industries.
Simon Moser is a director at Polygrowth, a global leading European crypto communications agency.
“It’s really exciting that physical stores in Australia are starting to offer cryptocurrency payment options,” Simon says.
“Global adoption of digital currencies in brick-and-mortar is still relatively slow, so we applaud Gehan Rajapakse and his team at Fable Melbourne for leading the way.
“The increasing availability of crypto payments is more important now than ever and can lay the foundation for a future decentralised economy that benefits consumers and businesses alike.”