April 23, 2024

Burger King restaurant chain in Venezuela starts accepting cryptocurrencies

Bitcoin and several other cryptocurrencies have joined the list of payment methods at Burger fast food restaurantsKing in Venezuela.

Support for cryptocurrencies is realized through a partnership with the processing service Cryptobuyer.

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In addition to Bitcoin, payment is available in Ether (ETH), Litecoin (LTC), Binance Coin (BNB) and Dash (DASH), as well as Tether (USDT).

Currently, you can pay with cryptocurrencies only in one branch of Burger King in Caracas, however, in 2020 the company plans to expand the option to all 40 establishments in the country.

One user posted on Twitter a photo taken at the cryptocurrency-receiving branch of Burger King

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Venezuela is still acutethe economic crisis, which the government of Nicolas Maduro partially solves by using the national cryptocurrency El Petro and restricting access to foreign currency.

In some cases, El Petro is eventhe only way to pay for a number of important services, such as passport fees. In addition, at the end of 2018, the Venezuelan government began transferring pension savings to El Petro.

It is noteworthy that not so long ago representativesDash claimed that this altcoin was the most popular in Venezuela, but there was no actual confirmation of this. The level of adoption of cryptocurrencies by local merchants remains quite low.

In October last year, it was reported that Bitcoin restaurants in Germany began to accept bitcoin as payment.