Sacramento startup, Food Token, is adding another way local restaurants can accept payment – cryptocurrency. Brian Barton, founder of Food Token, shared his journey with KCRA 3, inspired by his frustrations with traditional banking, leading to the idea for Food Token.”I want to do my banking with a restaurant. I don’t need a bank in between,” he said.In 2024, approximately 17% of American adults say they have invested in or own cryptocurrencies.Food Token is already operational in select Sacramento restaurants, including Jim Boys, Brookfield’s, Chocolate Fish, and Beach Hut Deli. Barton explained that the platform allows restaurants to accept the five major cryptocurrencies.Barton also addressed concerns about security for consumers.“From the restaurant’s point of view, the restaurant is never seeing the cryptocurrency. The restaurant is just accepting it just as they would a digital gift card,” Barton said. Barton noted that convincing restaurants to do something new has been an uphill battle, particularly when it’s about a new field like cryptocurrency. Sacramento was chosen as the launch site for Food Token due to its status as the “farm-to-fork capital” and Barton’s personal connection to the area. “We want to find a use case first for restaurants in the Sacramento area and for consumers in the Sacramento area,” Barton said, emphasizing the importance of understanding local needs before expanding.For those interested in using Food Token, Barton encouraged restaurants to reach out via their website, offering a straightforward way to start accepting cryptocurrency.”We only charge $0.10 per transaction, unlike Visa and Mastercard,” he said, highlighting the financial benefits for restaurants.As cryptocurrency continues to gain popularity, Food Token aims to simplify the process for both consumers and restaurants, paving the way for a new era of digital payments in the restaurant industry.See more coverage of top California stories here | Download our app | Subscribe to our morning newsletter | Find us on YouTube here and subscribe to our channel
Sacramento startup, Food Token, is adding another way local restaurants can accept payment – cryptocurrency.
Brian Barton, founder of Food Token, shared his journey with KCRA 3, inspired by his frustrations with traditional banking, leading to the idea for Food Token.
Advertisement
“I want to do my banking with a restaurant. I don’t need a bank in between,” he said.
In 2024, approximately 17% of American adults say they have invested in or own cryptocurrencies.
Food Token is already operational in select Sacramento restaurants, including Jim Boys, Brookfield’s, Chocolate Fish, and Beach Hut Deli. Barton explained that the platform allows restaurants to accept the five major cryptocurrencies.
Barton also addressed concerns about security for consumers.
“From the restaurant’s point of view, the restaurant is never seeing the cryptocurrency. The restaurant is just accepting it just as they would a digital gift card,” Barton said.
Barton noted that convincing restaurants to do something new has been an uphill battle, particularly when it’s about a new field like cryptocurrency.
Sacramento was chosen as the launch site for Food Token due to its status as the “farm-to-fork capital” and Barton’s personal connection to the area.
“We want to find a use case first for restaurants in the Sacramento area and for consumers in the Sacramento area,” Barton said, emphasizing the importance of understanding local needs before expanding.
For those interested in using Food Token, Barton encouraged restaurants to reach out via their website, offering a straightforward way to start accepting cryptocurrency.
“We only charge $0.10 per transaction, unlike Visa and Mastercard,” he said, highlighting the financial benefits for restaurants.
As cryptocurrency continues to gain popularity, Food Token aims to simplify the process for both consumers and restaurants, paving the way for a new era of digital payments in the restaurant industry.
See more coverage of top California stories here | Download our app | Subscribe to our morning newsletter | Find us on YouTube here and subscribe to our channel