With the proliferation of crypto spending debit cards, it’s easy enough to buy a cup of coffee with your bitcoins. The problem is that the purchase comes with a huge tax headache. Crypto sales of any kind, including using bitcoins for purchases, are treated as capital gains for tax purposes. So if you buy that cup of coffee every day, you’re looking at over 100 pages of tax forms, according to Nicholas Anthony, a research fellow at the Cato Institute, a libertarian think tank. Saying “the process is almost tailor-made to discourage the use of alternative currencies,” Anthony noted that “capital gains taxes require you to tell the Internal Revenue…
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Where did it come from and how was it made? Restaurant Toks is betting customers want to know (Photo: TripAdvisor).Mexico’s Restaurant Toks tracking coffee on blockchain
Simba Chain’s smart-contract-as-a-service platform is helping the casual dining chain track the source and sustainability of the coffee it serves
Restaurant Toks, a casual dining chain with 208 locations across Mexico, has teamed up with blockchain provider Simba Chain and the University of Notre Dame to create a distributed application to register and track every coffee bean it has "purchased, processed, packaged, and sold."
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Blockachaino: Nestlé brews consumer coffee blockchain
The food giant has expanded its use of IBM Food Trust blockchain technology to deliver full transparency on the provenance of a steaming cup of joe
Swedish coffee aficionados can trace their arabica beans back to their place of origin after Nestlé expanded its use of blockchain technology to its Rainforest Alliance Certified Zoégas brand
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Commerce Secretary, Dr. Anup Wadhawan activating coffee e-marketplace in New Delhi (Image supplied by India's Ministry of Commerce).India launches blockchain marketplace for coffee
By tracing coffee from beanfields to cups, the goal is to build a stronger brand while doubling the income of poor farmers
India’s commerce secretary launched a blockchain-based marketplace app for trading Indian coffee during a video conference on Thursday. A pilot project carried out in partnership with the Coffee Board of India and the International Coffee Organization, the marketplace app’s goal is to reduce the number of intermediaries between coffee growers and buyers, build farm-to-cup traceability, and help farmers increase their incomes by as much as 100 percent, said Commerce Secretary Anup Wadhawan during the video conference on March 28.
