If surging inflation numbers can’t drive the Canadian Finance Committee towards Bitcoin, perhaps Tahini’s Mediterranean restaurant can. Covered: Tahini’s CEO Dishes Orange Pill To Canadian Finance Committee Local Business Loves Bitcoin Tahini’s restaurant used to be known strictly for its Canadian chicken shawarma cuisine, however, after the CEO took a trip down the Bitcoin rabbit […] The post Canadian Finance Committee Hears $10 Billion Bitcoin Pitch From Local Restaurant appeared first on CryptosRus.

Canadian Finance Committee Hears $10 Billion Bitcoin Pitch From Local Restaurant

If surging inflation numbers can’t drive the Canadian Finance Committee towards Bitcoin, perhaps Tahini’s Mediterranean restaurant can.

Covered:

  • Tahini’s CEO Dishes Orange Pill To Canadian Finance Committee
  • Local Business Loves Bitcoin

Tahini’s restaurant used to be known strictly for its Canadian chicken shawarma cuisine, however, after the CEO took a trip down the Bitcoin rabbit hole, he made it a mission to turn his restaurant into a shining example for Bitcoin. Now, he’s making the case for Canadian officials to do the same.

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Tahini’s CEO Dishes Orange Pill To Canadian Finance Committee

The Canadian House of Commons Finance Committee recently held a zoom call with Tahnini’s CEO Aly Hamam. On the call, Hamam proposes that the Financial Committee embraces Bitcoin as legal tender in the country to follow in the footsteps of El Salvador, who made the digital currency legal tender in the country back in June 2021.

He highlights that Bitcoin could be used to develop a new and improved financial system, rather than spending energy trying to replenish an outdated model. He notes that Canada’s two leading industries, energy, and finance, can be integrated with Bitcoin to create a better system: he suggests that Canada sell excess energy to the Bitcoin network for 30-40 cents per kilowatt-hour as opposed to letting that energy go to waste.

Additionally, Hamam told the Financial Committee that it should invest $10 billion in Bitcoin in order to strengthen the country’s balance sheet. Since 2012, the Canadian dollar has depreciated more than 22% against the US dollar, so Canadians have certainly been feeling the pressures of inflation over the past decade.

While no decision has been made from the pitch, the Committee now certainly has some considerations to weigh.

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Local Business Loves Bitcoin

Tahinis is no stranger to Bitcoin and the crypto asset class. Back in August 2020, when Michael Saylor infamously converted his public company’s balance sheet entirely to Bitcoin, Hamam basically decided to pull a Michael Saylor on his restaurant himself by converting the entirety of its balance sheet to Bitcoin.

The company gained exposure by buying the Grayscale Bitcoin Trust (GBTC), which as of November 2021, flipped gold’s largest asset manager.

This is the first example of a chain restaurant making such a move, and certainly one that Saylor appreciates.

Tahini’s has made a splash in the Bitcoin space, catching the attention and support of thousands of Bitcoiners on the internet. It just goes to show that the Bitcoin community is there and at the ready to throw support behind anyone trying to push the Bitcoin standard forward.

Like El Salvador, Tahini’s ideas can serve as an example to all local restaurants what a Bitcoin-based company can look like.

The only question crypto investors probably have now is…when is Tahini’s getting listed in the US?

The post Canadian Finance Committee Hears $10 Billion Bitcoin Pitch From Local Restaurant appeared first on CryptosRus.