You Can Now Buy Burger King Meals with Bitcoin in Venezuela

Remember back in 2017 when Burger King made its own cryptocurrency? It’s true. It was called the WhopperCoin -- and you could get your very own just by buying a Whopper. The only catch was that you had to go to Russia to do it. The Whoppercoin came and went in a matter of months. But Burger King is back at the crypto game -- this time with the king of crypto: Bitcoin.

Date: 
January 07, 2020
Read time: 
2 minutes

You Can Now Buy Burger King Meals with Bitcoin in Venezuela

Date: 
January 07, 2020
Read time: 
2 minutes

Remember back in 2017 when Burger King made its own cryptocurrency? It’s true. It was called the WhopperCoin -- and you could get your very own just by buying a Whopper. The only catch was that you had to go to Russia to do it. The Whoppercoin came and went in a matter of months. But Burger King is back at the crypto game -- this time with the king of crypto: Bitcoin.

Remember back in 2017 when Burger King made its own cryptocurrency? It’s true. It was called the WhopperCoin -- and you could get your very own just by buying a Whopper. The only catch was that you had to go to Russia to do it. The Whoppercoin came and went in a matter of months. But Burger King is back at the crypto game -- this time with the king of crypto: Bitcoin.

No wonder Burger King opened its doors to the king of crypto and its close cohorts. Demand in Venezuela for alternative currencies is not just a luxury for those with cash to speculate -- for some Venezuelan locals … cryptocurrencies are a necessity.

On Dec. 30 it was announced that a single Burger King branch in the Sambil area of Caracas would start allowing hungry customers to pay for their meals with Bitcoin And not just Bitcoin. That single Burger King would also accept Ethereum (ETH), Litecoin (LTC), Binance Coin (BNB), Dash (DASH), and the stablecoin Tether (USDT).

Not a Fluke

It’s not a mistake, people. The following day, on December 31st, the official DASH blog confirmed the partnership. In fact, according to that blog post from the executives at Dash (Decentralized Cash), a total of 40 locations will follow along throughout 2020.

All this is thanks in part to a company called Cryptobuyer. Cryptobuyer is a Panama-based cryptocurrency merchant gateway. They are a startup but they already service myriad Bitcoin ATMs. It’s booming business in Latin America.

Are you New to Cryptocurrency? The 5 Best Ways to Buy Bitcoin in 2020

As our vigilant readers know, Venezuela and her people are still suffering from major economic turmoil. Their government banned borderless payment methods as well as going forward with imposing heavy restrictions on all foreign currency.

What’s a Venezuelan to do?

They can’t use foreign fiat easily. Their national currency, the Bolivar, is grossly inflated. And their President Maduro insists they use the Petro. 
The Petro -- dear reader -- is the state-backed cryptocurrency of Venezuela. It’s highly controversial. For good reason. Unlike most cryptocurrencies -- it’s highly centralized. And rather than being backed by mathematics and code -- each Petro is backed by one barrel of oil. Worst of all, it’s required for essential services -- like passports.

No wonder Burger King opened its doors to the king of crypto and its close cohorts. Demand in Venezuela for alternative currencies is not just a luxury for those with cash to speculate -- for some Venezuelan locals … cryptocurrencies are a necessity.

Posted by R.R. Hauxley

R.R. Hauxley traveled around the world ... 1 year on 1 Bitcoin. 20 countries, 12 months, 1 Bitcoin. He wrote a book about it: Stolen Wallets and Where to Buy Them. Along the way he met and interviewed the sharpest, brightest minds in crypto today: Vitalik Buterin, Charlie Lee, and more. Today Rafael educates the crypto curious and delves further into the incredible world of blockchain.

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