Burger King in Venezuela will soon be allowing Bitcoin as a form of payment. According to Cointelegraph, a single Burger King branch, which is located in the Sambil area of Caracas, now accepts Bitcoin as well as altcoins Ether (ETH), Litecoin (LTC), Binance Coin (BNB), and Dash. The restaurant also accepts stablcoin Tether (USDT).
Dash reported that 40 locations will soon be accepting Bitcoin for payments. Ryan Taylor, Dash Core Group CEO, stated:
“Dash usage continues growing at a rapid rate in Venezuela, as it provides an alternative that is a more reliable payment method and store of value. We are happy to collaborate with Cryptobuyer to keep growing the Dash ecosystem and serve Burger King and its customers.”
It was noted that Burger King will be using Cryptobuyer’s platform to provide Dash as its pilot crypto payment method in Venezuela. Cryptobuyer CEO, Jorge Farias, confirmed:
“The growth of Cryptobuyer in South America, especially in Venezuela, is another example of how this region is ahead of the curve in adopting cryptocurrency as a real method of payment. Venezuela portraits a mix of situations that make it a perfect ground to deploy real-world cryptocurrency solutions, such as hyperinflation, cash shortages, deteriorated banking and communication infrastructure. The factors,in conjunction with the government’s initiative to use cryptocurrency as a payment method, will push use and adoption of these cutting-edge technologies, and we are really proud to lead this push.”
Dash then added that Burger King has been training its teams and stores during the past weeks and will slowly roll out Dash payments into all stores in Venezuela.