Bored Ape Themed Restaurant In LA Stops Accepting Crypto As Payment

That was fast. Only two months since its official launch, the Bored Ape-themed fast food restaurant — “Bored & Hungry” — has stopped accepting cryptocurrency as payment.

What Happened: According to Hypebeast, the restaurant has been forced to stop accepting payment in ApeCoin (CRYPTO: APE) and Ethereum (CRYPTO: ETH) in light of the market volatility that caused sharp drawdowns in the assets’ prices.

See Also: Is Bitcoin Dead?

Bored & Hungry, a 1,700-square-foot restaurant based in Long Beach, California, opened on April 9 after owner Andy Nguyen purchased the Bored Ape Yacht Club #6184 NFT. The company likened the concept of the first “Bored Ape” restaurant to Smashburger, but "powered by Trill Burgers and Beleaf Burgers — two IRL (In Real Life) concepts that Nguyen is bringing together under his Bored Ape brand.”

Nguyen’s team later enlisted rapper and NFT advocate Snoop Dogg to help launch a Bored Ape-themed dessert bar inspired by the rapper’s NFT avatar “Dr. Bombay.”

Price Action: APE was trading at $4.80, down 7.31% in the last 24 hours, according to Benzinga Pro. ETH was trading at $1,188, down 2.91% over the same period.

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Fast Food Restaurant Inspired By Bored Ape NFT Stops Accepting Crypto As Payment