In Thailand, Café Serves Coffee and Investment Advise Serving
2022-02-06
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1A restaurant in northeast Thailand has become a center for traders of cryptocurrency.
2A cryptocurrency is a form of digital money that is not regulated by any central bank.
3HIP Coffee & Restaurant is a café that serves coffee and food.
4But it has setup screens showing the latest price information on cryptocurrency markets for its customers.
5The café also offers investment advice to go along with its coffee and cake.
6Detnarong Satianphut is a 35-year-old cryptocurrency trader and a customer at the café.
7He told Reuters, "It's exciting for me to be here because I get to meet people who share the same interests."
8He added, "We (traders) get to exchange information because in the trading world we are coming up against millions of people."
9Cryptocurrencies have started becoming more popular in Thailand.
10The latest official data suggest that as much as $7.62 billion in digital currency was traded in November.
11In January, Thailand said it would start to regulate the use of digital currencies as payments.
12Officials warned of risks to the country's economic system.
13The HIP café has been in business since 2013.
14The eatery began setting up its cryptocurrency information screens in 2020.
15Since then, workers said the number of customers has doubled.
16HIP café's supervisor is Oakkharawat Yongsakuljinda.
17He said the cafe provides a chance for people in the surrounding Nakhon Ratchasima province to get involved in investing.
18The café offers free investment advice and is planning on starting its own cryptocurrency coin.
19Customers say trading in the café gives them the best chance of success in an insecure market.
20The value of the most well-known cryptocurrency, bitcoin, recently dropped to a six-month low.
21I'm Jonathan Evans.
1A restaurant in northeast Thailand has become a center for traders of cryptocurrency. A cryptocurrency is a form of digital money that is not regulated by any central bank. 2HIP Coffee & Restaurant is a café that serves coffee and food. But it has setup screens showing the latest price information on cryptocurrency markets for its customers. The café also offers investment advice to go along with its coffee and cake. 3Detnarong Satianphut is a 35-year-old cryptocurrency trader and a customer at the café. He told Reuters, "It's exciting for me to be here because I get to meet people who share the same interests." He added, "We (traders) get to exchange information because in the trading world we are coming up against millions of people." 4Cryptocurrencies have started becoming more popular in Thailand. The latest official data suggest that as much as $7.62 billion in digital currency was traded in November. 5In January, Thailand said it would start to regulate the use of digital currencies as payments. Officials warned of risks to the country's economic system. 6The HIP café has been in business since 2013. The eatery began setting up its cryptocurrency information screens in 2020. 7Since then, workers said the number of customers has doubled. HIP café's supervisor is Oakkharawat Yongsakuljinda. He said the cafe provides a chance for people in the surrounding Nakhon Ratchasima province to get involved in investing. 8The café offers free investment advice and is planning on starting its own cryptocurrency coin. 9Customers say trading in the café gives them the best chance of success in an insecure market. The value of the most well-known cryptocurrency, bitcoin, recently dropped to a six-month low. 10I'm Jonathan Evans. 11Jiraporn Kuhakan reported on this story for the Reuters news service. Jonathan Evans adapted this story for Learning English. 12__________________________________________ 13Words in This Story 14screen -n. the flat part of a television or computer that shows images or text 15customer -n. someone who buys goods or services from a business 16regulate -v. to make rules or laws that control (something)