Blackbird urges US Congress to set rules for crypto payments in restaurants
- —Blackbird: processing a crypto payment costs a restaurant 2.5% versus 6% for card payment
- —The FlyNet network will this month let restaurants build apps in exchange for a fee starting at 1.5%
- —Blackbird operates in 6 US markets, including New York, Los Angeles and San Francisco
- —Leventhal urged Congress to provide clear crypto rules after a bill failed in the Senate
Why it matters: The case shows small-business demand for crypto payments, but scale depends on regulatory rules stalled in the Senate.
Source: Bing News (crypto query)