Burger King Outlets in Venezuela Starts Accepting Bitcoin


January 4, 2020 9:22 pm

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Bitcoin has reached to Burger King outlets in Venezuela as a new partnership over cryptocurrency payments at the fast-food chain. According to a tweet by the Burger King branch in the Sambil area of Caracas now accepts Bitcoin, along with altcoins Ether, Litecoin, Binance Coin and Dash as well as stablecoin Tether.

A total of 40 locations will follow suit in 2020, according to a blog post from Dash executives about the move. 

Cryptobuyer is a Panama-based cryptocurrency merchant gateway startup that also runs a fleet of Bitcoin ATMs. It offers conversion of cryptocurrency funds for businesses, which it then pays out in fiat currency. 

The company’s tweet says:

“We are pleased to announce our commercial alliance with @BurgerKingVE.”

Venezuela has been suffering from major economic turmoil, giving rise to efforts to boost cryptocurrency usage. The government has shunned borderless payment methods, imposing heavy restrictions on foreign currency access. Petro the highly controversial state-backed cryptocurrency, is the official weapon of choice for combating the crisis. 

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