Cryptocurrencies are going mainstream in a big way, and it is amusing for crypto watchers to encounter the wide acceptance of cryptocurrencies across retail joints and online portals.
Pizza hut just announced that it would accept cryptocurrencies for the payment of pizza in outlets across Venezuela.
CryptoBuyer and Pizza Hut Partnership
Crypto buyers, a digital assets company, announced the launch of service by Pizza hut in Venezuela, revealing that it has partnered with Pizza Hut for payments processing in Venezuela as the giant food chain steps into cryptocurrency space.
Pizza lovers can now get their favorite pizza and drinks and pay in crypto tokens like Bitcoin, Dash, and XPT. As per Richard Elkhouri, the CEO of Pizza Hut Venezuela, The company is attempting to get on pace with technological advancements in the world. And as the world transforms, the Pizza behemoth is using technology to maintain and evolve in the market. Pizza Hut, the US-based Pizza delivery giant, is one of the most popular and widespread Italian food chains in the world.
With PayPal announcing support for Bitcoin and other cryptocurrencies, doors for ‘use of crypto; as a mode of payment in day-to-day life. Most recently, Travala announced travel gift cards for cryptocurrencies, and PayPal announced allowing the use of Bitcoin for funds across its 28 Million merchants.
Crypto adoption in Venezuela
South American countries are topping their cryptocurrency game in a massive way, with many food outlets accepting cryptocurrency as a payment mode. Reportedly Burger king, church chicken, and other famous food chains already accept Bitcoin and other cryptocurrencies in this Latin American country.
With such a global food chain allowing its customers to buy food items with cryptocurrencies, it is evident that the leading brands recognize the value and future potential of Bitcoin and other cryptos as a financial changemaker. Venezuela is currently under massive economic disturbance, with the financial systems crippling and its national currency drowning against the dollar. Thus there is high adoption of cryptocurrency in the nation; understanding the same, major companies are now extending their support for crypto payments to tap into a larger customer base.
The information discussed by The Coin Magazine is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Do your due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright The Coin Magazine All rights reserved.