USD/BTC = $76,335
Block 869,313
From Snacks Newsletter:
Since TGI Fridays filed for bankruptcy, its franchisees have worried that customers are going to rush to redeem $50M worth of unused gift cards that never expire. Their value is said to exceed TGIF’s available cash, sparking fears of a bank run on potato skins.
The double edge sword of using gift cards!
Never been to this restaurant but definitely heard of it.
Bank run on potato skins. Hilarious.
It’s a staple here in USA
Reminder that gift cards are basically privately issued fiat.
Yeah it allows businesses to side step expensive payment providers like credit and debit cards
Starbucks is actually a bank.
And McDonalds is a real estate company.
Airlines too
Not a joke, folks.
https://fifthperson.com/starbucks-operates-like-a-bank/
This is just poor planning.