Only 6% Of UAE’s F&B Patrons Keen to Adopt Crypto Payment: Oracle

2022.05.19 17:46

Only 6% Of UAE’s F&B Patrons Keen to Adopt Crypto Payment: Oracle

• 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 (NYSE:ORCL) 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 …

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