The food operators accept payment in Bitcoin and Ethereum, two of the world's top cryptocurrencies
BEAM 4 Dec, 2017
Every morning, two discrete stalls at a food centre deep in Bandar Puchong Utama serving Malaysian popular dish such as curry mee and fish head noodles.
However, the stalls which sit beside each other exhibit a particular characteristic. Displayed on their glass panes is a sign that reveals they accept payment in Bitcoin and Ethereum, two of the world's top cryptocurrencies.
Andrew Leong, the 29-year-old son of Mr and Mrs Leong who run the two stalls, is a member of the cryptocurrency community in Malaysia.
"We are the first stall in Malaysia to accept both Bitcoin and Ethereum as payment," he declares.
A handful of other outlets in Malaysia, featuring a nasi kerabu stall in the bayous of Kelantan and JEQ in the House cafe in Section 17 in Petaling Jaya, have been recognizing payment in cryptocurrency, however solely restricted to Bitcoin.
On the other hand, there have only been a handful of customers who have actually purchased their noodles with cryptocurrencies since accepting Bitcoin payments about a month earlier.
"But in 5 years time, we believe everybody will be choosing cryptocurrencies as payment. So, we wish to be there first," shares the finance and business graduate, who's working for an asset management company.
However, with Bitcoin having exceeded the rate of US$ 10,000 (RM40,910) a coin and being identified as one of the largest bubbles in the monetary world, is there a concern that some Malaysians are purchasing it at this price?