The State of the Crypto-Markets is Affecting Many Businesses

As a result of the cryptocurrency market crashing, Bored Ape-themed restaurant, Bored & Hungry has stopped taking cryptocurrency as payment.

A restaurant called Bored & Hungry adopted the aesthetics of cryptocurrency trends, including adorning Bored Ape cups and plates with non-fungible tokens (NFTs).

Bored Ape-Themed Restaurant to Suspend Crypto

The LA restaurant Bored and Hungry has begun using US dollars again as its only form of payment.

Before the historic market crashes that wiped out millions of investor dollars and destroyed entire cryptocurrency coins. The LA Times reported that when the fast-food restaurant first opened in April of 2022, it also accepted bitcoins.

The restaurant’s initial design included plates featuring Bored Ape NFT artwork and walls filled with memes to reflect all the aesthetics connected with the cryptocurrency era.

The restaurant made the announcement about accepting Ape and Ethereum in April.

FIRST RESTAURANT TO ACCEPT ETH & $APE!!!!!! WE DID IT!!! pic.twitter.com/8DshJ2uI4v

— Bored & Hungry (@BoredNHngry) April 9, 2022

LA Times sent Andy Nguyen multiple emails inquiring about the move, but he did not respond. An employee of Bored & Hungry refused to provide more information on their recent suspension of crypto payments when the publication reached out.

A member if the staff told the LA Times that when Bored & Hungry was first introduced in April, clients did not really care and mostly ignored the crypto payment option.

Cryptocurrency businesses have begun laying off workers since the massive market collapse and Congress has even taken the first steps toward regulating the sector for the first time ever.

According to the story, patrons and buger enthusiasts didn’t seem to be bothered by the restaurant’s reversal of crypto payments.

“Yes, Ethereal is a currency in a way where you can exchange NFTs and stuff … but as far as buying food and all that, maybe not,” a crypto investor told the LA Times.

Some people did not understand the emerging form of money to bother with it because of its complexity, while others are eager to hold onto their Ethereum for when the market shifts.

Although the crypto market has fallen, there are still many consumers looking to buy cryptocurrencies.