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!
140 sats \ 1 reply \ @grayruby 7 Nov
Never been to this restaurant but definitely heard of it.
Bank run on potato skins. Hilarious.
reply
It’s a staple here in USA
reply
This is just poor planning.
reply
Reminder that gift cards are basically privately issued fiat.
reply
Yeah it allows businesses to side step expensive payment providers like credit and debit cards
reply
Starbucks is actually a bank.
reply
69 sats \ 0 replies \ @random_ 11h
And McDonalds is a real estate company.
reply
Airlines too