McDonald’s might start accepting Bitcoin soon - page 5.

CoinCidental

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Quote from: galdur on February 11, 2015, 01:34:50 AM

If it makes business sense to MCD they´ll do it. And they won´t consult BCT know-it-all-before-it-happens experts. Maybe for counter-indicator purposes but that´s unlikely.

MCD accepts BTC = Massive publicity and demand takes BTC to $150

MCD´s competitors and other big rings accept BTC = It´s a full blown crisis. BTC tanks to $100

Starbucks accepts BTC = Doomsday, BTC is months from ceasing to exist

get your head outtta your ass .......starbucks = doomsday LOL

zetaray

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It is plausible McDonalds' will start to accept bitcoin in selected stores in major countries as a marketing campaign. We know that global sales are dropping and they need a new breed of customers.

galdur

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Quote from: catchcoin on February 11, 2015, 02:11:59 AM

MCD will consider this question seriously in 1 or 2 years I think.

Well, when I learn that MCD may be considering accepting BTC I immediately think Ah, they have wind of some of the competition considering the same. And this will affect the speed of their decision making.

catchcoin

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MCD will consider this question seriously in 1 or 2 years I think.

galdur

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If it makes business sense to MCD they´ll do it. And they won´t consult BCT know-it-all-before-it-happens experts. Maybe for counter-indicator purposes but that´s unlikely.

MCD accepts BTC = Massive publicity and demand takes BTC to $150

MCD´s competitors and other big rings accept BTC = It´s a full blown crisis. BTC tanks to $100

Starbucks accepts BTC = Doomsday, BTC is months from ceasing to exist

sgk

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Quote from: galdur on February 11, 2015, 01:12:19 AM

Quote from: sgk on February 11, 2015, 01:05:45 AM

Quote from: Fernandez on January 31, 2015, 03:34:15 AM

If they do it will be yet another place where Bitcoin can be spent to further reduce the price. I don't why this news excites holders.

Correct. Every purchase using Bitcoin will result in an immediate sell order to take the price down further. This has been the case with major companies 'accepting' Bitcoin in past. They don't actually 'accept' Bitcoin. They just make you easier for you to pay with Bitcoin. They convert the Bitcoins to fiat on the fly.

Only thing that can be a boost if they actually hold on to the BTC they accept.

If MCD started accepting bitcoin it would result in pretty huge demand increase for bitcoin I guess.

Not until Bitcoin transactions are super-easy like cash or credit cards
OR
Bitcoin provides some significant benefit for buyer to pay via Bitcoin.

Until then, the only people paying via Bitcoin would be the BitcoinTalk forum members.

galdur

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Quote from: Cryptonitex on February 11, 2015, 01:21:04 AM

Quote from: galdur on February 11, 2015, 01:12:19 AM

Quote from: sgk on February 11, 2015, 01:05:45 AM

Quote from: Fernandez on January 31, 2015, 03:34:15 AM

If they do it will be yet another place where Bitcoin can be spent to further reduce the price. I don't why this news excites holders.

Correct. Every purchase using Bitcoin will result in an immediate sell order to take the price down further. This has been the case with major companies 'accepting' Bitcoin in past. They don't actually 'accept' Bitcoin. They just make you easier for you to pay with Bitcoin. They convert the Bitcoins to fiat on the fly.

Only thing that can be a boost if they actually hold on to the BTC they accept.

If MCD started accepting bitcoin it would result in pretty huge demand increase for bitcoin I guess.

not really. People aren't going to go out of their way to buy BitCoin to spend it @ their local McD's

How would you know ?

It´s possible that the massive publicity for bitcoin from MCD accepting bitcoin would be harmful for bitcoin demand and I´m sure someone here knows this already. But I think it´d be a risk worth taking.

Cryptonitex

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Quote from: galdur on February 11, 2015, 01:12:19 AM

Quote from: sgk on February 11, 2015, 01:05:45 AM

Quote from: Fernandez on January 31, 2015, 03:34:15 AM

If they do it will be yet another place where Bitcoin can be spent to further reduce the price. I don't why this news excites holders.

Correct. Every purchase using Bitcoin will result in an immediate sell order to take the price down further. This has been the case with major companies 'accepting' Bitcoin in past. They don't actually 'accept' Bitcoin. They just make you easier for you to pay with Bitcoin. They convert the Bitcoins to fiat on the fly.

Only thing that can be a boost if they actually hold on to the BTC they accept.

If MCD started accepting bitcoin it would result in pretty huge demand increase for bitcoin I guess.

not really. People aren't going to go out of their way to buy BitCoin to spend it @ their local McD's

monkeygang

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Quote from: dhenson on February 11, 2015, 12:48:08 AM

I personally hope they don't start accepting bitcoin. I have a weakness for the filet o' fish sandwich that I'm able currently able to control. If McD's starts to take my 'coin, my diet will be shot.

The other day I straight up ate 20 mcnuggets.. bitcons cant unclog arteries..

also, if they have escrow this will be devastating news for the hamburgler!

galdur

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Quote from: sgk on February 11, 2015, 01:05:45 AM

Quote from: Fernandez on January 31, 2015, 03:34:15 AM

If they do it will be yet another place where Bitcoin can be spent to further reduce the price. I don't why this news excites holders.

Correct. Every purchase using Bitcoin will result in an immediate sell order to take the price down further. This has been the case with major companies 'accepting' Bitcoin in past. They don't actually 'accept' Bitcoin. They just make you easier for you to pay with Bitcoin. They convert the Bitcoins to fiat on the fly.

Only thing that can be a boost if they actually hold on to the BTC they accept.

If MCD started accepting bitcoin it would result in pretty huge demand increase for bitcoin I guess.

sgk

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!! HODL !!

Quote from: Fernandez on January 31, 2015, 03:34:15 AM

If they do it will be yet another place where Bitcoin can be spent to further reduce the price. I don't why this news excites holders.

Correct. Every purchase using Bitcoin will result in an immediate sell order to take the price down further. This has been the case with major companies 'accepting' Bitcoin in past. They don't actually 'accept' Bitcoin. They just make you easier for you to pay with Bitcoin. They convert the Bitcoins to fiat on the fly.

Only thing that can be a boost if they actually hold on to the BTC they accept.

galdur

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Quote from: Cryptonitex on February 11, 2015, 12:55:32 AM

Dell, microsoft, and newegg are online retailers. It's easier to process through a website than it is in the drive through @ McDonalds.

Well, I´ve got some cups of coffee etc. with bitcoin and it seemed mighty easy.

For MCD it´s just a question of will.

Cryptonitex

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Dell, microsoft, and newegg are online retailers. It's easier to process through a website than it is in the drive through @ McDonalds.

galdur

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Quote from: CoinCidental on January 31, 2015, 03:57:00 AM

Quote from: e1ghtSpace on January 31, 2015, 03:53:39 AM

That ad doesn't look like it'll be bitcoin.

If it is then... nah.

Plus, if they're randomly accepting it... Of course it wont be Bitcoin.

why could mcdonalds not accept btc if dell ,microsoft ,newegg and overstock accept it ?

Indeed. I´m sure it´s just a question of time.

dhenson

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I personally hope they don't start accepting bitcoin. I have a weakness for the filet o' fish sandwich that I'm able currently able to control. If McD's starts to take my 'coin, my diet will be shot.

Cryptonitex

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As someone who actually works @ McDonalds, I don't think it's going to happen soon. Maybe in the next year or 2 it may happen. They would have to update their systems, or get whole new systems to accept BitCoin.

doggieTattoo

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Quote from: CoinCidental on February 09, 2015, 03:09:47 AM

Quote from: Mellnik on February 09, 2015, 02:42:23 AM

Quote from: malykii on February 08, 2015, 09:34:19 AM

I would eat a crappy chicken sandwich sand fries from them to support this if it happens. I know people say this drives the market down, but long term this is turning into a legit alternative currency option.

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Would eat some crappy potatoe fires from them too if they had accepted Bitcoin.

i think they should jump on it ,think of the userbase and its all profit from a new community of food eaters
people on localbitcoins would meet in mcdonalds to do trades etc and likely have buy food or drinks there

if burgerking or KFC does it first it will just make them look silly adding it 6 months later ,mcdonalds should be the leader of the pack and then the rest will follow

I really don't think McDonalds would see their sales increase very much from accepting bicoin. Their target market is very different from the 'average' bitcoin user. They may see increased foot traffic but most of that increased traffic will not result in sales

Elwar

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http://www.ibtimes.com/free-mcdonalds-how-win-pay-lovin-currency-1803124

The currency was "Lovin".

Yet Another Alt Coin (YAAC)

Elwar

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Quote from: Fernandez on February 01, 2015, 01:50:18 AM

Quote from: Kazimir on January 31, 2015, 05:55:22 AM

Quote from: Fernandez on January 31, 2015, 03:34:15 AM

If they do it will be yet another place where Bitcoin can be spent to further reduce the price. I don't why this news excites holders.

You mean it would be better for Bitcoin if nobody actually uses it? Undecided

Get a grip. Bitcoin will only rise if it's being put to use, not if people are just sitting on it and waiting passively for something magical to happen. Then again, whenever you spend bitcoins, make sure to buy back on the market or exchange. That's how you spend bitcoins and avoid price reduction (from merchants dumping bitcoins) at the same time.

Why would an ordinary customer do that? Bitcoin offers no advantage over traditional payment. More merchants mean casual holders only get a chance to cash out.

Or it allows people to go from casual holders to active Bitcoin currency users.

CoinCidental

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Quote from: mitus-2 on February 09, 2015, 04:50:32 AM

considering that McDonald's credit cards payment's processing is the fastest in the world, no one would prefer BTC over cards.
the name speaks for itself...it's FAST food

its not always fast ......ive had to wait 3 minutes sometimes when theyre run out of bigmacs or fries Sad

Topic: McDonald’s might start accepting Bitcoin soon - page 5. (Read 7473 times)