Pierre Poilievre, Conservative Party Candidate for Prime Minister of Canada Pays Lunch With Bitcoin via Lightning Network
Pierre Poilievre, a Conservative Party candidate for Prime Minister of Canada, has been a strong supporter of Bitcoin and recently used the flagship cryptocurrency to buy lunch at a popular crypto-friendly restaurant.
Poilievre can be seen in social media videos using the Lightning Network, the cryptocurrency’s layer-two scaling solution, to send a payment to Tahinis, a small family-owned restaurant chain that has invested all of its cash reserves in BTC.
The restaurant chain was founded by brothers Aly and Omar Hamam, who claim that exposure to bitcoin has been critical to the chain’s growth in the face of the COVID-19 pandemic and soaring inflation. Other companies have used Tahinis’ bitcoin-standard strategy, including the Nasdaq-listed business intelligence company MicroStrategy, which has over 125,000 BTC in its treasury.
In addition, the restaurant chain has installed bitcoin machines in each location to encourage employees and customers to purchase cryptocurrency. It does not accept BTC payments, however, in order to encourage people to hold.
According to CBC News, Poilievre is attempting to gain the support of the broader cryptocurrency community by running a pro-crypto campaign. He said:
“Government is ruining the Canadian dollar, so Canadians should have the freedom to use other money, such as bitcoin.”
The Canadian PM candidate has argued that choice and competition can “give Canadians better money and financial products,” while also allowing them to “opt-out of inflation with the ability to opt-in to cryptocurrencies.”
Poilievre has stated that he hopes to work with provinces to eliminate the “cobweb of contradictory rules” surrounding crypto regulations while avoiding a crackdown on the space because securities regulatory responsibility is a provincial matter in Canada.
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