You've probably heard of cash-only cafes, but one Singaporean establishment is taking the complete opposite approach by going completely cash-free and rejecting debit and credit cards as well in favor of cryptocurrency payments, making it the world's first cryptocurrency cafe.
The Ducatus Cafe is in many ways a regular cafe where customers can purchase coffee, tea, food and snacks, but only accepts cryptocurrency payments. But this cafe happens to be owned by Ducatus, a cryptocurrency firm. This means the cafe doesn't just accept Bitcoin payments but also takes payments based on its in-house cryptocurrency Ducatus.
This venture is a fabulous example of how businesses can set up their very own in-house payment cryptocurrencies for convenience, increased customer retention and reduced banking fees.