But tbh i dont like the idea to spend my bitcoins to buy coffee or snacks. They are my investments. I can not say my grandchildren that i drank mocha and ate biscuits for a few mBTCs, when bitcoin price reaches to 100k usd
Topic: Burger King to Accept ... - page 2. (Read 1753 times)
It is a good new for sure.
But tbh i dont like the idea to spend my bitcoins to buy coffee or snacks. They are my investments. I can not say my grandchildren that i drank mocha and ate biscuits for a few mBTCs, when bitcoin price reaches to 100k usd
But tbh i dont like the idea to spend my bitcoins to buy coffee or snacks. They are my investments. I can not say my grandchildren that i drank mocha and ate biscuits for a few mBTCs, when bitcoin price reaches to 100k usd
As usual, more fake news from the Coin Telegraph. 99.99% of the articles being published in that website are fake. It will be great if Burger King accepts Bitcoin. But it is not going to happen in the near future, especially in Russia.
At first I really thought the news was true until I read your comment and got curious as it is indeed controversial. It may well be indeed fake news.
It may have been good news after all if it was true because it means another company, this time, a large worldwide food chain is accepting bitcoin as payments. But I also find it difficult to imagine spending bitcoin for a piece of burger. That might not be actually worth it. I have always thought that simple day to day transactions are good for fiat money. One does not have to wait for any confirmation and no transaction fees either.
Burger king is a great company, we're considering approaching Burger King to be a retail partner for our merchant app!
Are they going to mandate all their branches around the world to start accepting bitcoin or they would stay in russia for now? Tho i am excited for this because i am a burger king fan i am kinda afraid to pay more in fees than the burger that i've paid
Just checked with a Russian friend yesterday, and he told me that the Burger King employees in Vernadskogo Avenue have no idea about Bitcoins or the news that BK is going to accept BTC. As usual, it looks like the Coin Telegraph is churning out fake news in order to increase the readership.
I think the other had the good point but we will see what will be the changes after end of this month.
But i think there are still some alternative ways like here in my country that we can use the wallet which is we can pay instantly.
If they can make a local bitcoin wallet the same as in my country they can also deal instantly and without a fee for transaction.
If you know the company coins.ph here in my country i am using their wallet in paying bills or someone who use the same bitcoin wallet without any delay in transaction.. So business like burger and accepting small transaction will not be a problem because its already been tested here n my country.
But if you are use a wallet not a local wallet like electrum blockchain or any wallet not allow to send no fee and instant to the same company wallet not a good to pay like in burger business. I heard that coinbase can be use the same wallet as here in my country. Coinbase to coinbase will be instant and without a fee but never tested yet because coinbase is always unavailable i was transfer all my funds to electrum.. but i heard they are the same as in our local wallet..
But i think there are still some alternative ways like here in my country that we can use the wallet which is we can pay instantly.
If they can make a local bitcoin wallet the same as in my country they can also deal instantly and without a fee for transaction.
If you know the company coins.ph here in my country i am using their wallet in paying bills or someone who use the same bitcoin wallet without any delay in transaction.. So business like burger and accepting small transaction will not be a problem because its already been tested here n my country.
But if you are use a wallet not a local wallet like electrum blockchain or any wallet not allow to send no fee and instant to the same company wallet not a good to pay like in burger business. I heard that coinbase can be use the same wallet as here in my country. Coinbase to coinbase will be instant and without a fee but never tested yet because coinbase is always unavailable i was transfer all my funds to electrum.. but i heard they are the same as in our local wallet..
I don't think this would even work, cheap things are still payed faster with paper.
Russian Burger King restaurants are due to start accepting Bitcoin as a payment method this summer, reports state on Wednesday.
According to local news resources, a Moscow branch of the burger chain has started piloting Bitcoin payments, with officials now confirming a nationwide rollout.
Uznay Vse states the unnamed branch accepted a Bitcoin transaction on Tuesday this week, which represents “the first official reports of Bitcoin payments for goods and services in Russia.”
Burger King has also begun the hunt for an IT professional able to implement the relevant software.
“Several programs need to be written which will allow restaurant tills to speak to the Android and iOS apps and allow customers to pay with cryptocurrency,” Uznay Vse continues.
Russia is becoming an increasingly pro-crypto environment this year, with Finance Ministry deputy Alexey Moiseev saying this week that such currencies may be legally traded on exchanges if subject to “appropriate regulations.”
Source : https://cointelegraph.com/news/burger-king-to-accept-bitcoin-in-russia-this-summer
According to local news resources, a Moscow branch of the burger chain has started piloting Bitcoin payments, with officials now confirming a nationwide rollout.
Uznay Vse states the unnamed branch accepted a Bitcoin transaction on Tuesday this week, which represents “the first official reports of Bitcoin payments for goods and services in Russia.”
Burger King has also begun the hunt for an IT professional able to implement the relevant software.
“Several programs need to be written which will allow restaurant tills to speak to the Android and iOS apps and allow customers to pay with cryptocurrency,” Uznay Vse continues.
Russia is becoming an increasingly pro-crypto environment this year, with Finance Ministry deputy Alexey Moiseev saying this week that such currencies may be legally traded on exchanges if subject to “appropriate regulations.”
Source : https://cointelegraph.com/news/burger-king-to-accept-bitcoin-in-russia-this-summer
Are they going to mandate all their branches around the world to start accepting bitcoin or they would stay in russia for now? Tho i am excited for this because i am a burger king fan i am kinda afraid to pay more in fees than the burger that i've paid
It won't work in reality as everything needs to be done in 90 sec.
If that. Remember though, Ed Snowden still lives in Moscow and he is technically savvy and he has worked well within a team environment before. Maybe he's helping the cause move faster over there.
What kind of nonsense? What kind of burger is king?
Seems the likelihood of this news to be true is quite small, considering the source. Still, would have been nice if only microtransactions are still a thing. The King accepts the King of Crypto. That would have been a cool headline and would have gone far familiarizing people with bitcoin.
Considering how fierce is the competition between Burger King and McDonald's in my area, I would say that BK will gain a lot of new users if they accept crypto-payments. The total number of cypto-users in the world has crossed the 10 million mark, and this is no longer an insignificant amount.
This is assuming bitcoin gets through the problem with transaction time and high fees. Maybe they can also start accepting other cryptos?
That's how businesses go anyway, you need to expand your market. It'll take some guts for a chain to be the first to accept bitcoin and other alts but if it does make a difference in their earnings and other chains see it, then they'd jump the bandwagon.
Fastfood would be one of the best places to start using bitcoins since almost everyone eat there every now and then. We want bitcoin to be more visible.
Confirmation time is not a problem, if they use a payment processor such as BitPay. But the fees is a big problem. Where I live, VISA is charging a fees of 1.8%, with a minimum of just around $0.03. The minimum fee for using BTC is around BTC0.0015, which comes to around $3.60. This is almost 120 times higher than the fees charged by VISA.
Not an adecuate place to use bitcoins, even i would feel insecure to use them there.
I wouldn't pay a snack or something small with bitcoins, i don't think this is practical.
Seems the likelihood of this news to be true is quite small, considering the source. Still, would have been nice if only microtransactions are still a thing. The King accepts the King of Crypto. That would have been a cool headline and would have gone far familiarizing people with bitcoin.
Considering how fierce is the competition between Burger King and McDonald's in my area, I would say that BK will gain a lot of new users if they accept crypto-payments. The total number of cypto-users in the world has crossed the 10 million mark, and this is no longer an insignificant amount.
This is assuming bitcoin gets through the problem with transaction time and high fees. Maybe they can also start accepting other cryptos?
That's how businesses go anyway, you need to expand your market. It'll take some guts for a chain to be the first to accept bitcoin and other alts but if it does make a difference in their earnings and other chains see it, then they'd jump the bandwagon.
Fastfood would be one of the best places to start using bitcoins since almost everyone eat there every now and then. We want bitcoin to be more visible.
Seems the likelihood of this news to be true is quite small, considering the source. Still, would have been nice if only microtransactions are still a thing. The King accepts the King of Crypto. That would have been a cool headline and would have gone far familiarizing people with bitcoin.
Considering how fierce is the competition between Burger King and McDonald's in my area, I would say that BK will gain a lot of new users if they accept crypto-payments. The total number of cypto-users in the world has crossed the 10 million mark, and this is no longer an insignificant amount.
It won't work in reality as everything needs to be done in 90 sec.
Bitcoin is just to slow
Bitcoin is just to slow
Russian Burger King restaurants are due to start accepting Bitcoin as a payment method this summer, reports state on Wednesday.
According to local news resources, a Moscow branch of the burger chain has started piloting Bitcoin payments, with officials now confirming a nationwide rollout.
Uznay Vse states the unnamed branch accepted a Bitcoin transaction on Tuesday this week, which represents “the first official reports of Bitcoin payments for goods and services in Russia.”
Burger King has also begun the hunt for an IT professional able to implement the relevant software.
“Several programs need to be written which will allow restaurant tills to speak to the Android and iOS apps and allow customers to pay with cryptocurrency,” Uznay Vse continues.
Russia is becoming an increasingly pro-crypto environment this year, with Finance Ministry deputy Alexey Moiseev saying this week that such currencies may be legally traded on exchanges if subject to “appropriate regulations.”
Source : https://cointelegraph.com/news/burger-king-to-accept-bitcoin-in-russia-this-summer
Even though this is a good news to the crypto world but I still feel there is need to exercise patience in other to find a lasting solution to high fees and long confirmation time like someone have rightly said. I don't expect to buy a burger for an equivalent value of about $7 and I have to pay $2 for fees so my payment can get confirmed if possible before I finish my bite. And aside that how do I pay immediately and get my order before leaving the shop if I don't want to eat there these and many other questions that need to be answered before implementation. According to local news resources, a Moscow branch of the burger chain has started piloting Bitcoin payments, with officials now confirming a nationwide rollout.
Uznay Vse states the unnamed branch accepted a Bitcoin transaction on Tuesday this week, which represents “the first official reports of Bitcoin payments for goods and services in Russia.”
Burger King has also begun the hunt for an IT professional able to implement the relevant software.
“Several programs need to be written which will allow restaurant tills to speak to the Android and iOS apps and allow customers to pay with cryptocurrency,” Uznay Vse continues.
Russia is becoming an increasingly pro-crypto environment this year, with Finance Ministry deputy Alexey Moiseev saying this week that such currencies may be legally traded on exchanges if subject to “appropriate regulations.”
Source : https://cointelegraph.com/news/burger-king-to-accept-bitcoin-in-russia-this-summer
Seems the likelihood of this news to be true is quite small, considering the source. Still, would have been nice if only microtransactions are still a thing. The King accepts the King of Crypto. That would have been a cool headline and would have gone far familiarizing people with bitcoin.
At least until 2016, one of the major advantages with Bitcoin was that it could be used for micro-payments. But this is no longer possible due to the greed of the miners. But there is still a chance that the fees will come down, once SegWit2X could be implemented.
Sad but true.
I don't use bitcoins for payment (I just hoard them) but assuming this segwit don't push through, are there other ways that bitcoin can be adapted to microtransactions? I heard about Lightning Network but have no idea how that works or what the status is now.
Also Bitcoin is simply not made for buying street food. A $1 burger with a $1 fee, anyone?
At least until 2016, one of the major advantages with Bitcoin was that it could be used for micro-payments. But this is no longer possible due to the greed of the miners. But there is still a chance that the fees will come down, once SegWit2X could be implemented.
Sad but true.
I don't use bitcoins for payment (I just hoard them) but assuming this segwit don't push through, are there other ways that bitcoin can be adapted to microtransactions? I heard about Lightning Network but have no idea how that works or what the status is now.
Russian Burger King restaurants are due to start accepting Bitcoin as a payment method this summer, reports state on Wednesday.
According to local news resources, a Moscow branch of the burger chain has started piloting Bitcoin payments, with officials now confirming a nationwide rollout.
Uznay Vse states the unnamed branch accepted a Bitcoin transaction on Tuesday this week, which represents “the first official reports of Bitcoin payments for goods and services in Russia.”
Burger King has also begun the hunt for an IT professional able to implement the relevant software.
“Several programs need to be written which will allow restaurant tills to speak to the Android and iOS apps and allow customers to pay with cryptocurrency,” Uznay Vse continues.
Russia is becoming an increasingly pro-crypto environment this year, with Finance Ministry deputy Alexey Moiseev saying this week that such currencies may be legally traded on exchanges if subject to “appropriate regulations.”
Source : https://cointelegraph.com/news/burger-king-to-accept-bitcoin-in-russia-this-summer
i am not wonder if Russia have massive bitcoin adoption,i have some Russian followers in my instagram,they keep posting about bitcoin development in their country,they look like have no problem with bitcoin,so its only matter of time bitcoin will larger and become a good comodity in russia,and i hope other europan country will follow them. According to local news resources, a Moscow branch of the burger chain has started piloting Bitcoin payments, with officials now confirming a nationwide rollout.
Uznay Vse states the unnamed branch accepted a Bitcoin transaction on Tuesday this week, which represents “the first official reports of Bitcoin payments for goods and services in Russia.”
Burger King has also begun the hunt for an IT professional able to implement the relevant software.
“Several programs need to be written which will allow restaurant tills to speak to the Android and iOS apps and allow customers to pay with cryptocurrency,” Uznay Vse continues.
Russia is becoming an increasingly pro-crypto environment this year, with Finance Ministry deputy Alexey Moiseev saying this week that such currencies may be legally traded on exchanges if subject to “appropriate regulations.”
Source : https://cointelegraph.com/news/burger-king-to-accept-bitcoin-in-russia-this-summer
I dont think it is practical. It takes long to get confirmation. They could choose an alternative altcoin instead to make transactions faster
There are plenty of sites that use 0confirmations on things. Also they would probably use bitpay or something similar.[
Using a middle man, just like credit cards. Credit card companies are just middle men for facilitating transactions. They charge the business a fee when you use your credit card there. Likely this is what they would be doing.
It will work well with pre-order and pickup. Someone should pitch the idea to Starbucks.
Unless they are using a payment processor such as BitPay, it is never going to work. Nowadays, the confirmation takes as much as 1-2 hours. And during that time, the exchange rates can increase or decrease by up to 5% (Or even more in case of altcoins). Direct payments will be a big risk.
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