Everbowl, a California-based handmade superfood brand, has stated that it will transition its business operations to a Bitcoin standard. It will convert its cash reserves to the flagship cryptocurrency. According to a statement released by the California-based superfood chain, Everbowl has performed research and spoken with advisors about its potential choices to shift its treasury into BTC and how to run the firm utilizing a bitcoin standard. Everbowl’s founder and CEO, Jeff Fenster, was cited as saying: “We’ve concluded that running the business exclusively on cash isn’t the most advantageous, nor the safest, method of running a business in 2022 and beyond.” Fenster said that they are still early in terms of business adoption, as well as a governmental embrace of Bitcoin. The company intends to make a contribution to this cause by leading by example. He added that a disruptive growth firm should always put itself ahead of the pack and seize the lead by adopting new technology early. According to Fenster, the bitcoin standard will eventually become the gold standard. Everbowl’s treasury policy was changed in light of extreme debasement of the US dollar paired with a 39-year high inflation rate, which saw the value of the cash within the corporation degrade at an unsustainable rate. Fenster believes that other company executives should perform their own research on bitcoin. In near future, the corporation intends to pay its st...
