Cafe Turns Into Crypto Haven! This Thai Cafe Gives 'Crypto-Related Advice' Alongside Coffee And Cakes

The most buzzing financial term all around the world right now is Cryptocurrency. From NFT fever to crypto-coins taking investors on a rollercoaster ride, it's all happening in the crazy crypto world.

But what about getting crypto advice while sipping your coffee at a cafe? That is exactly what a cafe in Thailand has started doing. It is giving crypto-related advice to customers!

Reuters

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Cafe Turns Into Crypto Haven

The HIP Coffee & Restaurant in Thailand has been providing information related to digital assets which has hence turned into a haven for cryptocurrency traders, with screens displaying the latest market movements and investment advice.

Customers at the cafe can be seen staring at their laptops, nervously sipping coffee, or taking a bite of their favourite cake.

Through this setup, cryptocurrency traders in Thailand get to exchange information, which they believe gives them a good chance of success in the otherwise volatile crypto market.

As per what a Reuters report quoted about a cryptocurrency trader, Detnarong Satianphut said that this initiative was ¡°interesting for me since I get to meet others who share my interests¡±.

Another trader Apakon Putnok reportedly said that the presence of so many screens was beneficial, as it helped them analyze a trade, consider the factors behind a crash and make decisions accordingly.

Here's a video of the cafe showing its multiple screens, as tweeted by Reuters.

HIP Coffee & Restaurant in Thailand has become home to cryptocurrency traders, adding screens showing the latest market moves. The caf¨¦ also offers free crypto investment consulting and is planning on starting its own cryptocurrency coin https://t.co/euQwYACQk4 pic.twitter.com/mFGLruh1i7

¡ª Reuters (@Reuters) January 31, 2022

Also Read: World's First NFT Restaurant To Open In New York In 2023

Reuters

Number Of Customers Have Doubled

This cafe opened in the year 2013. And ever since the cryptocurrency data panels were installed in the cafe in 2020, the number of customers has reportedly doubled!

Even customers who used to come only on weekdays are now frequently visiting the cafe every day. The concept of showing crypto-related information has attracted a following of dedicated customers who visit on a regular basis.

Planning To Launch Own Crypto

The cafe's manager, Oakkharawat Yongsakuljinda, had stated that apart from providing free investment advice, they also plan to launch their own cryptocurrency coin soon!

A few weeks ago, Thailand's financial authorities too, had announced plans to regulate the usage of digital assets as a payment mechanism.

Following that, Thailand had announced that it had agreed to scrap a 15% cryptocurrency tax a few days ago, after fierce opposition from traders as well as cryptocurrency proponents in the country. This has certainly been good news for the booming cryptocurrency industry in Thailand.

Also Read: Top Crypto Exchanges See Upto 59% Jump In Sign-ups Post Budget 2022 Despite Crypto Tax

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