Copyright © 2015 Netcoins Inc. Confidential. page 1 of 2
How works + Two Scenarios where Bitcoin can benefit Restaurants
Online Bitcoin Checkout Option at DELL Computers
One-Tap Bitcoin Payment at Restaurant
Michael Vogel, CEO www.goNetcoins.com
[email protected] 604.812.5286
Michael Vogel, CEO of Netcoins
Copyright © 2015 Netcoins Inc. Confidential. page 2 of 2
, a typical Bitcoiner Tom
32.7 years old
Male
Income > $100,000 annual
(35% > $100K, 26% > $125K)
Reasons: Curiosity, profit, technology
Finds Bitcoin intellectually rewarding
(70% learned about cryptography)
*source: Quantcast survey, 2014
Two Scenarios Where Retailers & Restaurants can
benefit from Bitcoin
2.) Tom currently eats elsewhere on Friday nights, but he heard that Brickhouse Grill & Bar offers small amounts of Bitcoin to buy at its locations, so he goes to check it out after work.
After dinner, Tom buys $5 in Bitcoin which he receives automatically via SMS. $5 is added to his dinner bill.
Tom is so impressed with the staff & service at the Brickhouse, he and his friends now go to there instead for their Friday night meetup, where they usually spend around $170 on dinner & drinks.
1.) Tom has never been to the Brickhouse Grill & Bar, usually preferring fast food for weekday lunches, but a “Bitcoin Accepted Here” sticker in the window piques his interest to try them out.
He decides to go there for lunch & tries the signature steak.
Tom is so impressed with the staff & service at the Brickhouse, he decides to hold his company’s next team dinner there.
Important Takeaway: Bitcoin is a mobile payment platform. Although customers pay in Bitcoin, regular dollars still get deposited into the company’s business bank account like any other payment.
Where can you spend Bitcoin? Dell, Expedia, Microsoft, Sandman Hotels, Waves Coffee, and 100,000+ businesses. Companies love Bitcoin because it is an instant payment without risks of chargebacks, without credit card fees, and because of its ideal demographic: tech-savvy, high income.
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