Yogurt vending company accepts cryptocurrency using Coinbase wallet

Canadian Vending
March 13, 2018
By Canadian Vending
San Diego, CA – Reis & Irvy’s, Inc. said it will be the world’s first mainstream vending machine company to accept cryptocurrencies in exchange for a frozen yogurt and ice cream products.

The vending robots will be equipped with the capability to accept several types of cryptocurrencies including: Bitcoin, Bitcoin Cash, Litecoin and Ethereum, said the company, a subsidiary franchise concept of Generation NEXT Franchise Brands, Inc., in a news release. The first robots will arrive at nearly 1,000 locations in the United States this spring and summer.

The user interface on the robots shows customers a colourful and interactive 10-inch iPad touchscreen on which they may place their frozen yogurt and ice cream orders with a choice of flavours and toppings. At the checkout screen, customers will have the option to pay with cash, credit card, Apple Pay, Google Wallet or crypto payment.

In what Generation NEXT Franchise Brands called a “groundbreaking technology,” the robots will automatically generate a QR code for customers to scan using their Coinbase wallet on their mobile device.

“Not only is using the Coinbase app easy and fun, but it is fast,” said Nick Yates, chairman of Generation NEXT. “Although it can vary, our initial tests show that the software takes less than five seconds to process for Bitcoin Cash and Litecoin transactions. Additionally, these cryptocurrencies boast a low transaction fee of only three cents or less.”

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