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Restaurant Bored & Hungry stopped accepting payments in cryptocurrency

A themed restaurant in California, named after the Bored Ape Yacht Club cryptocurrency project, has stopped accepting ApeCoin and Ethereum from visitors.

Bored & Hungry was originally opened to reflect the bored monkey project aesthetic of the Bored Ape Yacht Club (BAYC). The walls are adorned with memes and NFT images in the form of collectible token characters. Recognizable drawings are present even on the dishes. In April, the restaurant announced that it would accept payments in APE and ETH.

However, after almost three months, the restaurant stopped accepting payments in cryptocurrencies. The restaurant employee explained that this was due to the recent collapse of the cryptocurrency market, when Bitcoin fell below $20,000 and Ethereum fluctuated around $1,200 – these coins fell more than 70% from their all-time highs. It is not known whether guests of the establishment will be able to pay with cryptocurrencies again in the near future.

When local journalists tried to talk about it with visitors, most of them showed no interest in cryptocurrencies. Many noted that despite the availability of digital currencies for making payments, they continue to use regular dollars. Others have suggested that crypto holders simply do not want to spend Ether on food, wanting to keep their assets in hopes of growth. One of the visitors said that he started going to this restaurant simply because he was attracted by the atmosphere of the place. But he did not even suspect that the institution was dedicated to collectible tokens until his sons told about it.

On the theme of Bored Ape Yacht Club, not only restaurants are opened, but films are also made. In April, the cryptocurrency exchange Coinbase announced that it was going to shoot a trilogy, where monkeys from the BAYC collection will act as the main characters.

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