Topic: McDonalds to accept Bitcoin by 2018 - page 35. (Read 8427 times)
That would indeed be awesome. People nowadays need to associate with symbols. When arguing about Bitcoin, saying it is accepted by major companies like McDonald's would indeed help my pledge.
Not Bitcoin because too slow and expensive for the fastest fast food... perhaps Litecoin or such!
Expensive? Yes. Slow? Doesn't matter. Merchants accept Bitcoin through third party payment processors, and for amounts below $50 they (assuming you add an appropriate network fee) will not require you to wait for confirmations. In easy terms, the only bother are the fees people have to pay, which in this case would make it not worth to use it for small purchases. If you look at the average amount people spend in McDonalds, it's around $10. If you include appropriate network fees, you'll pay like $10 for the food, and $5 in transaction fees. At least, there is not much to worry about since McDonalds isn't accepting Bitcoin.
If this happens, we'll see amore and more giant merchants going to accept bitcoin as well, since McDonald's is already established, it only means that they accept bitcoin as currency, and not only it will boost the price of bitcoin it will alsk give more profit to McDonald's, considering the fact that bitcoin' value is going up, still they need to further study on how they can do it more effectively than amazon before, hopefully this move will be a success.
We'll see but the transaction fees need to decrease in order for that to happen.
Not Bitcoin because too slow and expensive for the fastest fast food... perhaps Litecoin or such!
Damn, I don't think is gonna be a good move to move with BTC as MC sells trash food.
I doubt if it will run smoothly when McDonald receive payment via Bitcoin,
Bitcoin price has not been stable, although it can be tried as payment,
it will be very harmful to one party...
Bitcoin price has not been stable, although it can be tried as payment,
it will be very harmful to one party...
Why on earth would anybody pay hard earned “Satoshie’s” for something as insignificant as a cheap hamburger
Satoshi 83,849 = $9.00
So this is why this idea had already failed.
Why on earth would anybody pay hard earned “Satoshie’s” for something as insignificant as a cheap hamburger
Satoshi 83,849 = $9.00
It seems to me that current transaction fees and the speed of confirmation of units in the network is a bad idea.
This is really a good news I am just worried about the transaction fees and also the block chain I can't afford buying a food with a transaction fee that is higher than the value I bought maybe if these establishment will also use coins.ph in my country which has no fees when doing transactions that could be better otherwise I don't think the market can gain success in the future
Not saying it wont, because it could, but I don't think it would have a major success. McDonald's food is cheap, so the fees would be to expensive for anyone to want to pay a burger with bitcoins. Also let's not forget that the volatility of bitcoin doesn't make it as a good option to be used as a currency. It would probably work well in terms of marketing for Mac, and it would definitely increase the awareness about bitcoin, but I think BTC just wasn't made for that. Bitcoin is digital gold, so maybe in the future, when it's market cap increases, it gets less volatile, and it solves it's scalability problems, it might end up being used as a payment method, but right now it wouldn't work.
I think it is nonsence with the time of transactions and fees anyway who would buy a burger with currence which is so valued
Even though this is not confirmed yet as to the exact time they want to start accepting bitcoin, because reading the article make it seems like its just speculation. But someone like me will not spend my bitcoin on food or snacks when I can spend cash. I would only spend bitcoin when the option of spending cash might be more expensive.
In this case, a lot of businesses coming in are capitalist and ruled by greed not because of the live for bitcoin. They know that if they collect say .001Btc which is like $10 today for a particular meal, with the high probability that bitcoin will rise, before next week, it could have appreciated to say $11 or more just by holding. I as an individual will not give them that joy.
Great news, as it increasingly brings bitcoin closer to real, everyday life.
Woah! It would be horrible to wait at Mcdonalds for getting confirmations on your transactions because until then you would not be allowed to have your food. Moreover buying a McVegie worth $3 and paying a transaction fees of $3 along with it certainly doesn't makes any sense to me. Also considering the lack of accountability involved in bitcoin this thought certainly becomes impossible. How are Mcdonalds going to show such an amount of revenue in their year-end sales tax returns? This news should be total Hoax. Even if you said that Mcdonalds could accept Ethereum I could have believed it for a few seconds considering the swiftness of transactions but using BTC would be pure evil making a hungry person die for his food is never going to be a good idea.
No thank you! And that's not because I'm a food snob, but I'd rather keep my bitcoin and spend my fiat. Fiat has exactly zero chance for growth, whereas bitcoin has the potential to be worth a lot more after the filet 'o fish is consumed. And that's not even taking into account the network fees and confirmation times. With a $10 bill I don't have to pay anything extra for that fish filet. I'm all for wider adoption of bitcoin, but I definitely won't be using it at Micky D's.
Does that even make sense with the current transaction times and fees? You are going to pay more for the fees than for your meal. Unless the fees go down drastically, it makes no sense to use bitcoin as a daily payment method.
Maybe the hope is that the community will get the fees on such transactions down sometime soon? I'm not certain but there is no way that they would be earning anything from the Bitcoin community if the fees don't go down. They probably don't care right now and they just want to see if people are going to use such a service and if they will make money off of it; with funds going into a single (or a few) wallets hat don't have to be moving money around very often, there is a significant chance that the high fees as we see them have almost no impact on McDonald's operation costs for their financial portions.
too soon, at least for bitcoin, maybe Lightcoin or some other fast network coin
If true this is quite a radical step for big retailers and likely others will have to follow suit. However, I have a feeling like it is fake news you can't believe everything you read on the internet these days. Too many trolls and people making up fake stuff you gotta corroborate it to make sure it is true.
Great news, as it increasingly brings bitcoin closer to real, everyday life.
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