Topic: McDonalds to accept Bitcoin by 2018 - page 38. (Read 8444 times)
The story doesn't confirm this at all. They are just saying betting odds for McDonalds to accept bitcoin has been released. I find this unlikely as you might have to pay more in fees than your actual meal.
Come on... Now you going to accept bitcoin, McDonald's, seriously? Would have been amazing if you had done it earlier this year, had spent quite a lot on McDonald's this year. KFC and Pizza Hut should do it too. But wonderful news are always welcome when bitcoin is of the main subject. Am going to wait for such a case to be true, for am a fast food lover, and am kind of a bitcoin enthusiast, so yes. Wonderful and flabbergasted is what I feel right now.
"please give me 2 happy meals, 2 big mac and a coke"
"That's 12$, how do you like to pay?"
"Bitcoin please"
"right, move to the side while we wait for the blockchain to process your payment, it will take between 2 minutes to 3 hours, please be patient"
That's not practical especially in McDonalds shop, waiters must be fast for each order because there's usually, at the peak time, a long queue.. it will just not work
"That's 12$, how do you like to pay?"
"Bitcoin please"
"right, move to the side while we wait for the blockchain to process your payment, it will take between 2 minutes to 3 hours, please be patient"
That's not practical especially in McDonalds shop, waiters must be fast for each order because there's usually, at the peak time, a long queue.. it will just not work
That's easy to solve - McD provides you with a Bitcoin wallet. Payment will be instant then, and they have got you for their marketing messages, and no fees for the transfer.
I really don't see how bitcoin could be used in dailly life purchase at the moment. The fees are too high . Trasactions takes too langue . Unless There's a middle man website that helps you transmit your money way faster and with acceptable fees ,only then we would be able to use it to purchase stuff including our meals 
Not entirely accurate... not entirely fictional either.
See below;
https://www.forbes.com/sites/rogeraitken/2017/11/29/bitcoin-odds-on-to-be-accepted-by-mcdonalds-at-end-of-2018-but-could-it-break-20000/#314635061385
See below;
https://www.forbes.com/sites/rogeraitken/2017/11/29/bitcoin-odds-on-to-be-accepted-by-mcdonalds-at-end-of-2018-but-could-it-break-20000/#314635061385
I really think this is gonna happen in the future because many merchant right now are really getting interested in holding bitcoin right now, and I have realized recently that there are now many in my country that are now accepting bitcoin, And I really think that even if bitcoin doesn't have a huge amount yet back then many had seen the potential of bitcoin to be use in a direct transaction.
If this is really happening then it is a great thing of course. This is a very high advance because in the end bitcoin can be used for everyday transactions. We must appreciate and continue to support places that can accept bitcoin.In addition, if the fast food chain accept bitcoin I'm sure that more people will request to less their price the food and services. Since bitcoin is not covered by the government, I'm sure that no Value Added Tax (VAT) will reflect to the receipt of each fast food chain. Because all their income using bitcoin had no tax.
Oh dear - more Bitcoin being sucked out of the market to be held by the globalists. They must be really worried by Bitcoin. I guess this is the easiest way to reduce the competition for the banks "crypto" currencies. If McD does start to accept Bitcoin, then you can bet that they won't be selling them back into the marketplace.
In the first glance, the news sounds good. But Bitcoin is not suited to fast food chains as payment gateway. Bitcoin is so huge and slow. Mc Donalds might ask you to stay in the store while the Bitcoin confirmation is not yet visible in the blockchain. Other good and fast alternative is: LTC , DOGE, DASH .
was thinking the same, "please give me 2 happy meals, 2 big mac and a coke"
"That's 12$, how do you like to pay?"
"Bitcoin please"
"right, move to the side while we wait for the blockchain to process your payment, it will take between 2 minutes to 3 hours, please be patient"
That's not practical especially in McDonalds shop, waiters must be fast for each order because there's usually, at the peak time, a long queue.. it will just not work
All the news i have read from crypto daily seem fake to me. I wouldnt trust that website
what do mean of this you have trust to crypto daily news but you can't trust the new came from this site, i can't get your point, by way its good news another achievement for bitcoin mcdonald accept bitcoin as payment, i know this food chain before engage to become bitcoin accepting payment the officer and board of director of this company learn what is the benefit if bitcoin accepted as payment.
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.
sadly this is true. the current fee for a normal transaction is around $4 at the moment and it doesn't seem to be going down and that is because bitcoin adoption grow a lot in the past few weeks and at the same time we don't have any working scaling solution. we have SegWit but non that many seems to be using it which means it is ineffective for scaling so far. and since we don't have the block size increase (hard fork of S2X) we have to keep waiting for something to change....
wow is it true? are all mcdonalds in the world accept bitcoin as the payment? or just in any country? if it receive the payment in all country in the world it will makes my bitcoin can working offline in my countr
In the first glance, the news sounds good. But Bitcoin is not suited to fast food chains as payment gateway. Bitcoin is so huge and slow. Mc Donalds might ask you to stay in the store while the Bitcoin confirmation is not yet visible in the blockchain. Other good and fast alternative is: LTC , DOGE, DASH .
I really think this is gonna happen in the future because many merchant right now are really getting interested in holding bitcoin right now, and I have realized recently that there are now many in my country that are now accepting bitcoin, And I really think that even if bitcoin doesn't have a huge amount yet back then many had seen the potential of bitcoin to be use in a direct transaction.
If this is really happening then it is a great thing of course. This is a very high advance because in the end bitcoin can be used for everyday transactions. We must appreciate and continue to support places that can accept bitcoin. 
I really think this is gonna happen in the future because many merchant right now are really getting interested in holding bitcoin right now, and I have realized recently that there are now many in my country that are now accepting bitcoin, And I really think that even if bitcoin doesn't have a huge amount yet back then many had seen the potential of bitcoin to be use in a direct transaction.
Although I support BTC, I want to know what the practical advantages are? Do you need to pay two burgers for a hamburger?
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.
Yes, that would make sense. Mc Donalds simply could have its own miner service or could offer similar solutions for example sell coupons online or offer Bitcoin prepaid cards or sell paper wallets with certain account . 
Why not? Most of the people nowadays knows McDonalds , and it is very essential for bitcoin to be introduced in different country but the thing is are the people surrwounds were willing to accept it as way payment? As soon as possible? I think it will happened but not in 2018
CLICKBAIT TITLE
When you see a newbie posting a blog link,with such a title it's 99% clickbait.
However, there are ways to avoid these fees:
- use the lightning network (in the future): no need to wait for confirmations, very low fees
- use a segwit wallet: lower fees
- use a prepaid card: fund your card using $100 or more in BTC, the funds only become available once the transaction is confirmed, the card doesn't expire, so the user can just fund it once and use if for loads of meals... This would allow users to cheap out on the fees, as long as they funded their prepaid card a couple of days in advance.
- use the lightning network (in the future): no need to wait for confirmations, very low fees
- use a segwit wallet: lower fees
- use a prepaid card: fund your card using $100 or more in BTC, the funds only become available once the transaction is confirmed, the card doesn't expire, so the user can just fund it once and use if for loads of meals... This would allow users to cheap out on the fees, as long as they funded their prepaid card a couple of days in advance.
You realize that the 3rd is not about using bitcoins a restaurant at all?
You just pay in fiat and the restaurant receives fiat, you're just exchanging coins from fiat with your cc card issuer.
Although I must say that probably 90% of the business who "accept" coins are using a 3rd party payment gateway like Bitpay and they get fiat not BTC
Get me this news from the Mcdonalds website itself or at least a bit more trusted website or it never happened.
Quote
- use the lightning network (in the future): no need to wait for confirmations, very low fees
We still have no idea when this will be, do we ?
Quote
- use a prepaid card: fund your card using $100 or more in BTC, the funds only become available once the transaction is confirmed, the card doesn't expire, so the user can just fund it once and use if for loads of meals... This would allow users to cheap out on the fees, as long as they funded their prepaid card a couple of days in advance.
This is just a work around and people won't be ACTUALLY using bitcoin but just another normal banking system plus they have to trust that company from which they buy the cards.
Btw, do you know of any reputable services which give prepaid cards for btc that you DID use ?
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.
True, the average fee for an average non-segwit transaction at this moment is 38,420 satoshi's (0.0003842 BTC), in fiat that's about $4.
However, there are ways to avoid these fees:
- use the lightning network (in the future): no need to wait for confirmations, very low fees
- use a segwit wallet: lower fees
- use a prepaid card: fund your card using $100 or more in BTC, the funds only become available once the transaction is confirmed, the card doesn't expire, so the user can just fund it once and use if for loads of meals... This would allow users to cheap out on the fees, as long as they funded their prepaid card a couple of days in advance.
I'm not saying that this is what mc donalds will be doing.. I'm just saying there are ways to lower the impact of the high transaction fees.
Jump to: