Updated: Dec 31, 2020
Back in 2015, Zhang and Lee were college roommates in Canada who loved Guangxi noodles. Zhang started making the “Taste of Guangxi” and sales are expected to reach $1 million this year.
Zhang and Lee
They realized 70% of their customers were tourists from Asia, including China, Vietnam and Philippines. They found that these tourists typically do not have a Visa card or Canadian dollars. Some customers would leave because their payments were declined.
“It’s time to change. I think there are many people with a lot of crypto currency, but they don’t have many places to spend it,” Lee said. “We are the first restaurant in Toronto to accept cryptocurrencies. It’s much easier than we originally thought. You can start accepting crypto payments on day one with MugglePay.”
Zhang added, “Celo is providing a financial system for the unbanked in Asia. We will accept Celo and we are pretty sure crypto currencies like Celo will lure new and younger customers though crypto payment systems.”
MugglePay aims to make crypto payment easy to access and empower billions of people by 2025. We’re excited to be part of Zhang’s journey and help her reduce the cost of payment from 5% to less than 1%. There are more than 2600 merchants on the MugglePay platform and we are willing to have them accept cUSD and increase the adoption of cryptocurrencies.”
For more information on MugglePay, visit https://mugglepay.com.
Author: The MugglePay team