Pizza Hut in Venezuela to Start Accepting Bitcoin for Pies

Suzat

November 30, 2020 3:47 pm

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Pizza Hut, an American based popular pizza chain has begun accepting cryptocurrency payments in all stores in Venezuela. On November 27, a crypto service firm CryptoBuyer tweeted that Pizza Hut stotes in the South American national now accepts crypto as a form of payment for food and drinks. The initiatives follow the crypto firm partnering with Mega Soft to drive adoption in Venezuela by facilitating crypto payments at more than 20,000 shops and businesses. 

Richard ElKhouri, General Director for Venezuelan operations of the pizza chain, in an interview said:

“Pizza Hut nowadays cannot be detached from these technological advances and all those incorporating new approaches for daily necessities. It is important that we accommodate young people, modern adults, and people technologically knowledgeable.”

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.”

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