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Topic: Burger King in Russia Issues its own Cryptocurrency based on Waves (Read 1880 times)

full member
Activity: 448
Merit: 100
cryptotal
This is interesting. Sooner more stores will open its doors to crypto payments  Smiley
hero member
Activity: 770
Merit: 500
Lol. The blockchain runs on whopper burger sales. One burger every ten seconds so one coin every ten seconds. So how long to make 1 billion burgers ? xP

In the article there are people posting from face book. One said he bough 100k tokens. Where would he have bought them ?

as my understanding it is like a reward points system that every time you buy whopper you will receive whoppercoin that you can suddenly exchange into their item. I cant say that this will be a currency, it is like in 7 eleven that they have they so called reward card that everytime you buy you will received a points and you can redeem item using it. Burger king Gen. Director say that they will just test the system first so it have a 50-50 that they will release some of this son. BUT for me it is a good news as the growing adoption of crypto are being test in some physical store. Thanks for sharing!

Yep it is like a reward system. This is one of the very many ways bitcoin can be implemented.
hero member
Activity: 1918
Merit: 564
It is not a surprise when everyone is jumping on the cryptocurrency trend.  Besides creating a token inside a wave platform is kinda easy Tongue .   What I like on these concept is that this coins serves as points whenever they bought whooper burger.  Kinda loyalty reward Grin.  Well, unlike several token, at least this kind of token is backed by actual goods Cheesy The Whooper Burger!
full member
Activity: 182
Merit: 100
as my understanding it is like a reward points system that every time you buy whopper you will receive whoppercoin that you can suddenly exchange into their item. I cant say that this will be a currency, it is like in 7 eleven that they have they so called reward card that everytime you buy you will received a points and you can redeem item using it. Burger king Gen. Director say that they will just test the system first so it have a 50-50 that they will release some of this son. BUT for me it is a good news as the growing adoption of crypto are being test in some physical store. Thanks for sharing!
hero member
Activity: 770
Merit: 605
interesting move, this will promote the use of cryptocoins. the crypto coins provides a lot flexibility in the usage as compared to the cash.
sr. member
Activity: 966
Merit: 264
Representatives of Burger King fast food restaurants, who have recently announced the launch of a new cryptocurrency “Whoppercoin”, have been called in to the prosecutor's office in Moscow to explain the nature of their digital currency and how it works.

According to a representative of Burger King, prosecutors reminded that only operations in rubles are legal in Russia, and asked them to write an official statement that the company did not conduct a mass issue of "Whoppercoins."

Burger King has announced that it is now offering its own cryptocurrency, launched on the Waves blockchain platform, in August 2017.

https://coinidol.com/prosecutors-vs-burger-king-in-russia/

sr. member
Activity: 434
Merit: 250
Waves it's pretty good and awesome platform I seen in cryptoworld it's quit easy to create token inside waves platform even it charges some waves to create token if venture like Burger King create coins inside waves it will surely increase waves value based on transaction.
full member
Activity: 392
Merit: 101
dApps Development Automation Platform
Associating crypto in fastfood chains is really a good idea and convenient as well especially for people you are capable of paying them thru coins. If this will truly push, and this news really holds some Truth, then it's a good way to introduce crypto world to a lot of people since burger king is a known fastfood chain. And this news will truly pump some waves.
member
Activity: 70
Merit: 10
Companies of this size take part in the world of coin is very interesting for parties waves ,,
Payments using good idea tokens, and many investors will invest.
sr. member
Activity: 560
Merit: 269
Hmmm... Interesting idea. This must be good since burger king is one of the most popular fast food chain in the world. This is the sign that Waves market is alive competing with bigger markets like Bitcoin and Ethereum and i know this is just the beginning. I know Waves has the potential to compete with huge markets because the platform is very interesting to investors.
full member
Activity: 336
Merit: 111
it seems a really good news. next big news will be if Burger King use this for other countries too than waves will rise like litecoin. i guess this will pump waves to 10$.
sr. member
Activity: 532
Merit: 251
I understand that waves is very popular in Russia. But it needs a popularity in other countries as well. Asians and Europeans have more money than Russians to pump the coin Cheesy
full member
Activity: 588
Merit: 104
It is really good to hear that kind of news about waves platform. Waves platform is getting more popular day by day and even big companies aware about waves. I am sure after a few months many big companies will use tokens based on waves platform. And there will be so many of them so we will not be able to open new topics for each one   Smiley
hero member
Activity: 560
Merit: 500
Do you believe that eventually all businesses will have their own cryptocurrencies?
It's possible but most probably only big companies will have their own cryptocurrency. Not all company affords to create a new cryptocurrency of their own or not all company can hire one to create a coin. I really hope those who wont create their own crypto will use other coins present in the market today so that many of the cryptocurrency coins who are not used in real life today will be used in the future.
sr. member
Activity: 378
Merit: 250
Do you believe that eventually all businesses will have their own cryptocurrencies?
sr. member
Activity: 448
Merit: 252
very interesting. this way anyone in Russia can now pretty much do manual token mining by proof of burger eating
sr. member
Activity: 342
Merit: 250
I love how the minute there is news about omisego and mcdonalds the price explodes.

But not with waves and burgerking  Cheesy Cheesy Cheesy
sr. member
Activity: 616
Merit: 252
Waves is ahead of its competitors once again! After the NSD, Moscow Stock Exchange, Gazprom Bank they now partnered with Burger King.

Where does it end for Waves? The moon?
full member
Activity: 174
Merit: 100
Great news! I love Burger King!
full member
Activity: 462
Merit: 115
Interesting read, thank you for sharing. I will be happier if the stores accept Bitcoin instead.

As badass it would be to pay for your Whooper with Bitcoin, wouldn't the fees associated with the transaction be a big incentive not to go through with the transaction? 
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