No, this isn't some strange unrelated "burger king". This is the real one, in Russia.
As more real-world businesses start to adopt cryptocurrency, even Burger King has considered the option. I'm sure it'd be better if they just accepted STEEM or Litecoin, or maybe even GOLOS, but Bitcoin is a start.
"The main difficulty is tax issues, rather than integration ... You'll be able to pay with cryptocurrency in the future", - said General Director of "Burger King Russia" Dmitry Honey.
On the 10th of August, Burger King Russia will be announcing the winner of their request for tender - after reaching out for companies to provide them a good Bitcoin payment solution in-store and possibly online.
Maybe they'll get tired of the long confirmation times, and someone will tell them about STEEM. Fast food isn't so fast when you wait 1 hour for 1 confirmation on Bitcoin.
It's unknown whether they will expand Bitcoin payments to other parts of the world, Burger King is a large multi-national corporation, and many of the regional companies operate rather autonomously (have you seen the strange food items they sell in Japan for example? Image above of the dark burgers they sell in Japan).
It could be that this stays in Russia, it could be that Bitcoin is a massive flop and they just drop it, maybe they'll try some other cryptocurrencies, or maybe it'll be so successful they start to roll it out across the world.
Source 1: https://ria.ru/economy/20170628/1497432428.html
Source 2: http://www.newsbtc.com/2017/06/28/burger-king-russia-will-enable-bitcoin-payments-later-year/
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More and more companies accepting the crypto. I bet the banksters are getting mad. This is a huge game changer. Burger king is a massive corporation. But what we really need is that small to mid companies and stores start to accept cryptos. Thats where the real money is.
Perhaps it's good that the big guys adopt it and prove the market at the same time the smaller and mid-sized ones do it. When the big guys catch on, I bet that's when you'll see a lot more adoption. Especially if the big guys can figure out a way to circumvent fees etc. that are charged by some of the card/processing companies.
Black cheese.
I honestly think that this is the way that the world is going. In the UK, we have contactless payments (I don’t know if this is available in other countries). It allows us to pay for shopping that is under £30 by placing our card ‘around’ the card reader.
Contactless payments in my eyes seem ridiculously insecure for the time that we are in. Crypto currency has to be the way to go, and I’m surprised it hasn’t taken off sooner!
I mean damn, I forgot the recovery password to my Bitcoin wallet, and I was forced to wave that money goodbye, With no hope of rescuing the wallet. Now that is what I call security!!
Actually contactless payments are more secure than you think. In some cases they're more secure than Chip&Pin and especially magstripe.
Contactless payments make a one-time transaction with the merchant. They cannot bill you in the future if you use contactless.
The only information you can get from a contactless card without being an actual authorized merchant is the card number and expiry date. Nothing else. Those details are pretty much useless without your name and the CVV code.
Compare this to Magstripe, which gives away all of your details permanently to the merchant, or chip&pin which can also be used to authorize future payments, not just one-time.
While I'm an advocate for cryptocurrency payments, the FUD around contactless is irritating. Contactless payments are actually closer to cryptocurrency payments than any other method, simply because they're one-time authorizations.
There have been no known cases of contactless fraud in the UK, it's practically a myth. If you're seriously concerned, all you need to do is get an RFID-proof wallet, I believe you can even just line your wallet with tinfoil and it becomes practically impossible to grab any details.
Disclaimer: I do not work for any banks, VISA, or Mastercard. I pay for almost everything online with cryptocurrency where possible, however in-person almost everything is paid for with my contactless cards. In the years of me having several contactless cards, with a normal leather wallet (not RFID-proof), I have never experienced any form of fraud on those cards. Even when going through busy areas such as Manchester Picadilly and London Victoria/Euston.
Thank you for your reply. I understand your point of view, and yes, in that respect Contactless is a lot safer.
I use contactless where ever I can, purely because I cannot trust ATM's or other peoples eyes whilst I am at the checkout.
contactless payment have been around for awhile and it's certainly not something new. If we could use a different sort of payment, ie. bitcoin or eth for cross-border purchases, that will fundamentally change the game of economics. Imagine checking your phone on the internet, realizing that a TV cost 200 bucks cheaper (assuming same quality and brand) in asia due to differences in currency fluctuation.
Business owners who are not taking advantage of technology will soon find themselves going out of business.
That's exactly it ! I have a friend over in the UK too and he's been using that card . Also that same friend introduced me to steem and said to me : " boy , this is going to be a new industrial revolution ".
I Guess that includes how you want to pay for it too :))
Nice
Great news and thanks for sharing!
Anyone numbers about Revenues in Russia and how many franshises there are?
It would be awesome if more countries would follow.
It seems to me that Russia has decided to join the cryptocurrency movement instead of fighting it. Good for Russia :)
Great news! Slowly, but surely cryptocurrency is going mainstream! Thanks
Lol, I wrote an article regarding this about three hours ago @goldkeys. I'm on the right track, great post.
Those black buns..that's what ya get if you pay in BitcoinDark
That's so cool! It will definitely help people become more aware of cryptocurrencies.
.
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that is good news, with every passing day comes a new too good to remain like yesterday's
Like you quote!
Also, like the fact of Russia and other nations waking up/ adopting BTC and crypto.
That s great news , any big company getting involved it's a step in the right direction
great stuff @someguy123 ! hope this trend expands as much as possible! followed an upvoted! :)
Something like this could make cryptocurrency take off and make it much more difficult for mind control (government) and the elite to interfere with its growth. This in my opinion would cause a striking upturn in the value of crypto vs Federal Reserve Notes which are ar giant Ponzi scheme. Thanks for the news.
I am glad to be apart of the new way of making payments online or offline.
Going digital is like the first time in history when people trade goods for services being apart of a new thing which is so massive is really great.
My future grandchildren may not have the experience of using fiat currency in their lives. This calls for a woot woot!.
The big problem are those evil and wicked scammers who sit and plan how to get people's money.
Steemit and steaming is great and is in my opinion allowing us to move just a little bit closer to the ideal world.
Thanks for the comment .
The ideal world... we are waiting to get in full speed.
Upvote to you.
Although it may be in Russia and I want it to be across the globe but this is a great starting place. I hope it is a great success is Russia so it stars getting rolled out across the world
That's awesome, the more transactions used to actually purchase items the better, this is great for all crypto!
Also what is going on with those black burgers/cheese?
Well just read the same article, 0,001 btc for a burger.
We might be renaming it "Burger Ch-Ching"
nice post @someguy123
good information
Too good to be true :)
Good news. Now we know where all BTC are hidden!!!
great post upvoted
Go BItcoin! Everyone will cave and accept your currency
Not sure about the black buns though
Hi awesome Info thank you!
Hopefully Tim Hortons jumps on too, they're under the same umbrella now.
Bitcoin for Timbits - lets start a petition fellow Canadians ! :P
Yes, I like
Yay for Burger King and crypto! But Kuro? Who was in the design kitchen when that one came up?
Great news for the future of crypto currencies I guess,but I'm still new to this and learning as I go (what's with the black buns?)
Wow! I love it! Good on them
Holy shit, its happening boys!
makes sense since there trying to implement ETH and other crypto currency into there banking system
or maybe we are starting to see a shift away from conventional currency, but while governments cant tax it easily or monitor spending it will always be a push against accepting it as a bona fide currency for purchasing goods and services.
Youre kidding.... im not sure if this is a joke post or not
Because I was sure for the longest that BTC and other coins were either banned or were on some large gray lane when it came to using them, they werent outright illegal but people were told to stay away from them
I do not eat at burger king but I do like seeing new places currently accepting bitcoin. Living in Hawaii, there are not many places here where you can use BTC as a form of payment... Unless you are purchasing from online sources.
Thanks for this informative post about BTC
nobody will and can stop BTC
Believe it or not SteemOn :))
I had the same thought except to use the Mark's Singularity Drive and it's super computing processors.
OK , but i have no clue what the Mark's Singularity Drive is !
would u like to explain ? THanx
https://steemit.com/science/@doctortesla/mark-compromised This is part one non of it will make sense unless you see the diagrams and equations coming in part 2
Awesome!!
Can't wait till more and places start using bitcoin
Many countries is trying the new currencies but the people in my living place still don't know about it at all. I really want to let the people around me know about that.
Why wouldn't they accept a faster exchange crypto?
Woow those Japanese burgers look scary!
Burgerking accepting crypto is great news, but we have to remind that we are still not there yet!
this has big potentials! BTC will get their act together and with Segwit things will be a breeze, but if BK see's the benefit this may expand to other countries like a wild fire and im sure at that point you'll be able to pay in other cryptos even steem if we can get into the top 10 again which we will
That's amazing. If they implement that here I will get so... fat.
Wow, I have a friend who works for Burger King, I'll ask her about this and let you know what I find
This is huge for the crypto world. More and more people are starting to realize the convenience of cryptocurrency. Yes, bitcoin isn't the best option right now, but it's definitely a step in the right direction.
This is a huge one! Presumably Burger King was looking for a market to test bitcoin payments in as an experiment, and for whatever reason Russia won. We already know Putin met with Vtalik recently, perhaps the laws there are good for cryptocurrency?
These normal,These money of the future