- Oracle’s survey on the F&B industry in UAE reveals crypto payments are a slow burner.
- Only 6% of UAE respondents are willing to adopt crypto payments in restaurants.
- 56% of respondents still prefer conventional payment options such as cash, credit/debit card.
With the breakneck speed of the ever-expanding metaverse, UAE stands at the forefront of blurring the lines between the virtual and real world.
Where on one hand an increasing number of Food and Beverage (F&B) outlets are embracing cryptocurrencies enabling diners to pay for their meals from their digital wallets. On the other hand, the findings of a recent survey published by Oracle suggest that only 6% of respondents are willing to adopt crypto as a mode of payment in the F&B business.
While the number of restaurants a …