Global News and Digital
Insights for the Food and Grocery Industry

Cryptocurrency might become the alternative digital payment method at grocery stores

As cryptocurrency is the latest financial payment service available, food retailers might be installing kiosks and ATMs that are able to process bitcoins in about 5000 locations. Blockchain technology is increasingly used by shoppers, especially women aged 45 and older. Payment firm PayPal also enabled bitcoins as a digital payment variant. Experts predict the bitcoin payment method can attract about 100-200 customers into grocery stores who won’t enter the store otherwise.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

GroceryGeniuses

All Posts

GroceryGeniuses

Curated News and Digital
Insights for the Food and Grocery Industry

HealthGeniuses
IndustryGeniuses
MetaGeniuses
FashionGeniuses
ConsumerGeniuses

GroceryGeniuses

The global food and grocery retail industry is expected to surpass $17T by 2027, expanding at an annual rate of 5%. During this time, digitisation is set to transform the entire food value chain from farm to fork. Our weekly newsletter covers innovations and disruptions in food and grocery industry.

GroceryGeniuses is managed by IndustryGeniuses (A place where industries meet innovation). We are rolling out content platforms for the world’s hottest industries such as Food & Grocery Retail, Consumer Goods and Healthcare. For each of these key industries, we support industry leaders as they roll out next generation digital initiatives.

IndustryGeniuses team brings practical domain knowledge of working with 300+ tech startups and brands over the past decade.

© 2024 IndustryGeniuses Ltd. All Rights Reserved.