Cryptocurrency

P2P marketplace Bistroo adds crypto payments to platform – Yahoo Finance Australia


Bistroo, the Netherlands-based food ordering platform has become the first of its kind to embrace cryptocurrency and blockchain.

Today, Bistroo announced Bitcoin, Ethereum, and Binance Coin (BNB) has been added to the list of cryptocurrencies including Litecoin and Bitcoin Cash, that merchants can accept payment with.

Existing payment options include fiat currency and the platform’s native BIST token.

A collaboration with CoinPayments, a digital currency payment solution, has enabled token holders to spend BIST at any of CoinPayments’ 100,000 merchants which operate in over 200 countries.

Following a successful raise of $8m in May, Bistroo has firmly stamped its place as trailblazers in the P2P food marketplace.

Bas Roos, CEO, and co-founder of Bistroo said Bistroo is heading for the top with its crypto payment initiative.

“Bistroo is on a mission to set ourselves up on the global stage with our unique business model,” he said.

“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.”

The platform launched in 2020 and has already processed $2.3m in orders and helped merchants reach over 25,000 customers.

For those in the public who has not yet experienced crypto payments, they can be made in the demo store through the official Bistroo website.

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