Pages:
Author

Topic: KFC now accepts Bitcoin! - page 39. (Read 3403 times)

newbie
Activity: 33
Merit: 0
January 16, 2018, 09:03:56 PM
#71
due to the high volatility, it could be “$20 bucket today, $5 bucket tomorrow, $200 bucket next week,”.

Also, the cost of the bucket would come out to about $40 due to a $20 transaction fee.!
full member
Activity: 1708
Merit: 125
www.positivebetting.com
January 16, 2018, 08:54:12 PM
#70
Check out my YouTube video where I dive more in depth : BREAKING NEWS KFC is now accepting Bitcoin, and Smart contracts might be legally binding!

Is this just a bucket of chicken, or a bucket of publicity stunts?

You will be able to buy a bucket of chicken in Select Canada KFC's. However you will have to order it online using Bitpay, and have it shipped to you.

Cost : Around $20 + $5 shipping + Taxes + Any other blockchain fees


What do you guys think about it?


This is great for promotion but for being wise not so much. Bitcoin transfer fee is almost half the price of what you will transfer. I hope they minimize the fee so it can be used in this kind of applications more.

This is my thoughts, with the high fees I am sure they understand that they wont be getting a ton of people and its fine because it is just marketing a hype.
full member
Activity: 756
Merit: 112
January 15, 2018, 07:38:04 PM
#69
Check out my YouTube video where I dive more in depth : BREAKING NEWS KFC is now accepting Bitcoin, and Smart contracts might be legally binding!

Is this just a bucket of chicken, or a bucket of publicity stunts?

You will be able to buy a bucket of chicken in Select Canada KFC's. However you will have to order it online using Bitpay, and have it shipped to you.

Cost : Around $20 + $5 shipping + Taxes + Any other blockchain fees


What do you guys think about it?


This is great for promotion but for being wise not so much. Bitcoin transfer fee is almost half the price of what you will transfer. I hope they minimize the fee so it can be used in this kind of applications more.
newbie
Activity: 14
Merit: 10
January 15, 2018, 06:58:38 PM
#68
Adoption is always great news. We need to retain the businesses that started accepting bitcoin until the devs can find good scaling solutions to increase btc's utility.
full member
Activity: 854
Merit: 101
January 15, 2018, 06:52:23 PM
#67
wow thats nice, good news that kfc is accepting bitcoin , maybe in that way bitcoin will more known because of that plan.
member
Activity: 271
Merit: 10
January 15, 2018, 06:47:10 PM
#66
While KFC accept Bitcoin China is going to block all offshore companys and traders using cryptocurrencys 
full member
Activity: 1002
Merit: 112
January 15, 2018, 06:30:35 PM
#65
Well that could be a good news on you. I couldn't be like that here in my country coz they won't legalized bitcoin or the whole cryptocurrency. It s a brilliamt idea to use bitcoin as a payment but the problem is you have to pay a mining fee which is higher these day.
legendary
Activity: 2170
Merit: 1427
January 15, 2018, 06:22:13 PM
#64
i'd still prefer using normal credit card with fiat as a main currency to buy any sort of food since i'll be charged with extra fees , transactions will take forever to confirm especially with such a congested network and i'll be buying food with an amount of crypto that could become worth 10 times the next day

Fiat is still unbeatable when it comes to smaller purchases, but it's just a matter of time before we can see people make use of Lightning Network for just a fraction of the cost of current transaction fees. I however have to point out that while people complain about the fees being an obstacle when it comes to conducting purchases, I don't believe this at all. As per the bolded part of your post, I believe that to be the main reason why people aren't spending their coins. People simply don't want to use their coins to buy whatever goods with, and that is something we have also been dealing with years ago, so it's not a new problem we recently have faced. Lightning network will mainly function to allow people to conduct micro transactions, and not really to enhance their spending on goods experience.
full member
Activity: 546
Merit: 102
January 15, 2018, 05:57:14 PM
#63
of course this is good news Big companies are starting to accept bitcoin as payment
but shouldn’t it be much more expensive bitcoin transaction fee than bucket of a chicken?

newbie
Activity: 22
Merit: 0
January 15, 2018, 05:50:47 PM
#62
Thats a good idea. Kfc is open for any upgrades in their system like that. Im sure other companies with gonna do that to. They are going to be richer and richer. Lets go order in kfc using our btc. I think its good too.
jr. member
Activity: 60
Merit: 1
January 15, 2018, 05:44:13 PM
#61
That’s just beginning, I hope and I believe in future one kind of coin will be accepted. Maybe it is bitcoin, but maybe it another replacement coin. As more and more people recognize it and it will feel more popular.
It is an good news for kfc accept the btc invoice is famous in many country, but all accept will also need long time
full member
Activity: 406
Merit: 156
January 15, 2018, 05:38:23 PM
#60
Even tho it is a brilliant initiative from such a multinational food chain and is a big step for cryptocurrencies as they are adopted and recognized by compagnies around the globe and is somehow a sort of publicity and free advertisement that serves both parties , i'd still prefer using normal credit card with fiat as a main currency to buy any sort of food since i'll be charged with extra fees , transactions will take forever to confirm especially with such a congested network and i'll be buying food with an amount of crypto that could become worth 10 times the next day (people will be saying here and it can also be worth 0 , well i'd prefer it becomes null and void than realizing i paid a fortune for some chicken wings !! ) .
Fiat money is the most suitable for such purchases and it'll be much quicker and easier to process for both buyer and seller .
It won't last certainly and might be just a marketing action for KFC but it's certainly a brilliant one .
newbie
Activity: 172
Merit: 0
January 15, 2018, 05:32:06 PM
#59
yes I am very happy because bitcoin has been received in kfc hopefully there are more companies that will accept bitcoin as a very effective and very easy to use payment tool. Cheesy
full member
Activity: 322
Merit: 103
January 15, 2018, 04:56:08 PM
#58
wow good news that industries like fast food chains are adapting to the technology of bitcoin rather block chain this is one of the walking advertisement that would catch the eyes of future users and investors because their questioning mind will think what is bitcoin does it have to offer good service why big companies like KFC are using it? mean's its on the level of paypal master and visa in payments when it is offered to the public as form of payment or as good as cash
newbie
Activity: 66
Merit: 0
January 15, 2018, 04:55:58 PM
#57
This is actually good for people who wants more convenience in their life.
hero member
Activity: 752
Merit: 501
January 15, 2018, 04:47:25 PM
#56
I'm wondering how KFC can accept Bitcoin when BTC fees are through the roof and confirmation takes so long.
full member
Activity: 168
Merit: 100
January 15, 2018, 04:24:32 PM
#55
I think is good News For all Cryptocurrency user. KFC accepts payments with bitcoin. But I'm not sure its real of fake news, I hope soon all retail store are accepted Bitcoin

I doubt about it. I really don't like the fact that those capitalist bloody minded companies are into blockchains. first of all blockchain is based on decentralization which is totally against capitalism.
newbie
Activity: 53
Merit: 0
January 15, 2018, 02:53:57 PM
#54
This is a plus to bitcoin if it's really genuine by KFC to promote cryptocurrency and if others follow suits it will boom more bitcoin popularity
newbie
Activity: 64
Merit: 0
January 15, 2018, 02:50:59 PM
#53
With my luck, I'll be stuck in the drive thru behind the guy paying with BTC and waiting 10+ mins for the confirmation.  :/
Grin And he will be sending it with low fee
full member
Activity: 168
Merit: 103
January 15, 2018, 02:42:13 PM
#52
I do not understand why a lot of people are going to be satisfied if they prefered restaurant or store starts accepting bitcoin, anyway, would you pay $20 for fees for a single meal of $15 or $20? Of course not.
That is why you can use bitcoin pre-loaded cards.
Pages:
Jump to: