DC Coffee Shop Tests Crypto Payments With Coinbase, Offering Discounts for USDC Purchases

Compass Coffee, a DC-area coffee chain, partners with Coinbase to accept USDC stablecoin payments at one location, offering 90% off to customers paying in USDC
Move is a test case for mainstream adoption of crypto payments at small businesses and busting negative rep among regulators
Coinbase hopes to showcase crypto as a solution to an antiquated financial system with high hidden fees
Compass loses 3.75% of revenue to credit card fees, hopes crypto payments can boost margins and local economy
If successful, Compass plans to roll out USDC payment option to its other locations; Coinbase hosting summit to highlight real-world crypto applications