Blockchain-based P2P Food Marketplace Bistroo (BIST) Unveils Support for Crypto Payments

Blockchain-based P2P Food Marketplace Bistroo (BIST) Unveils Support for Crypto Payments

October 28, 2021

Blockchain-based peer-to-peer food ecosystem Bistroo today introduced support for merchant payments in bitcoin (BTC), ether (ETH), Binance Coin (BNB), litecoin (LTC), and bitcoin cash (BCH).

Bistroo Introduces Support for Crypto Payments

In an announcement made today, blockchain-powered P2P marketplace for food and beverages Bistroo (BIST) stated that its merchants can now accept payments in leading cryptocurrencies such as BTC, ETH, LTC, BCH and BNB.

The support for the aforementioned cryptocurrencies offers Bistroo users more options to pay for the platform’s products and services, along with the option to pay with fiat currency and the Bistroo’s native token BIST.

Notably, Bistroo raised more than $8 million in May 2021 and subsequently partnered with Coinpayments to enable BIST token holders to spend the token at any of Coinpayments’ 100,000 merchants in more than 200 countries the world over.

In a bid to foster cryptocurrency adoption, Bistroo currently does not charge commission on all crypto payments to ensure the merchants receive most of their returns while consumers get to enjoy a discount on their order. Further, if a customer chooses to pay with BIST, they get to enjoy a higher discount.

Commenting on the development, Bas Roos, the CEO and co-founder of Bistroo, said:

“Bistroo is on a mission to set ourselves up on the global stage with our unique business model. The future is moving towards a protocol economy where parties can directly interact with each other, and Bistroo is taking the first steps in that direction, offering a better value proposition for the food ordering platform market. Enabling our users to transact in crypto is an integral part of that journey.”

What is Bistroo?

Bistroo aims to help the restaurants that are finding it difficult to sustain their business despite the boom in the food and beverages industry. Most restaurants make less than ideal revenue due to high fees on food merchants imposed by the top food ordering platforms.

In contrast, Bistroo offers a P2P marketplace for food operators and customers to eliminate the money-conscious middlemen. Bistroo was launched in 2020 and, to date, has aided merchants reach more than 25,000 customers and process over $2.3 million in orders.

Bistroo gives merchants complete control over their payments, menu configuration, orders, promotions, and analytics. Moreover, merchants registered with Bistroo can transact directly with customers and receive their payments instantly when the orders are placed.

Any restaurant or food operator mulling listing on Bistroo will benefit from the option to integrate cryptocurrencies into their payment services. Additionally, they would also tap the various other benefits of a P2P marketplace.

Over the long-term, Bistroo aims to establish itself as a global leader in PaaS e-commerce technology for restaurants and food shop. The platform also allows users to make crypto payments in the demo-store via the testnet here.

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