Let me be the Party Pooper!
Imagine this scenario : The government agencies have a big problem in identifying Bitcoin users in their country. < due to Bitcoin's pseudo anonymity > OK, Now some major franchise start to accept bitcoins as payment for their goods or services. The Bitcoin users start to use these services and here is the kicker : Most of these merchants or retailers have very good CCTV systems that can be used to link the identity of the user with the Bitcoin wallet that are used.
Is this good for Bitcoin? ^hmmmmm^
Topic: [Russia] Burger King to accept Bitcoin this summer! - page 9. (Read 5949 times)
It's strange that Burger King starts to accept bitcoins in Russia, but not in any Western countries.
And again, question, how many people will pay with bitcoins for the food. I'm not sure that they will find many people whoarr ready to pay $1-$2 transaction fee for burger which costs few dollars.
And again, question, how many people will pay with bitcoins for the food. I'm not sure that they will find many people whoarr ready to pay $1-$2 transaction fee for burger which costs few dollars.
Yeah like I'm gonna use my few cash to eat my burgel meal.
No hassle. No long waiting of confirmed trx. Just enjoy my burger.
Not to brag anything, I'll just use my btc to some other matter.
I don't know how it goes in Russia but in France more and more fast foods have these automatic boots to order, and more and more have smartphone apps to order. Personally I order with the app, it allows me to pay with paypal. That might be a way to implement bitcoin.
Source: https://cointelegraph.com/news/burger-king-to-accept-bitcoin-in-russia-this-summer
So yeah, hopefully McDonald, Dominos pizza, and many others will follow after this. I thought that this kind of decisions are taken by the creators of the franchise but It looks like It's not since It's starting on Russia.
So yeah, hopefully McDonald, Dominos pizza, and many others will follow after this. I thought that this kind of decisions are taken by the creators of the franchise but It looks like It's not since It's starting on Russia.
Burger King has more than 15,000 outlets in 84 countries, fourth largest fast food restaurant chain in the world and approximately 50% are in the US and since 99.9% of franchisees are privately owned, apart from enforcing franchisees to follow quality control guidelines, BK has given exclusive development rights to regional franchises, I guess they are free to make decisions regarding the mode of payment they want to accept.
Hope based on the legality and popularity of bitcoins more regional BK franchisees would start accepting bitcoin in future.
This is even more impressive considering that the acceptance will be rolled out to the Burger King branches nationwide. This will be a challenge for the IT department for the integration of bitcoin on all possible payment options but definitely a step in the right direction for wider adoption. The Finance head of Russia also seems ok with the idea of bitcoin being used more widely as long as regulations and policies are clearly in place.
If this were to be true, this would be great news especially to current bitcoin users. I hope other fast food chains would take the same step. This is doable if they adopted a payment system that would allow bitcoin users to easily transact with minimal or no fee. This may be beneficial to both consumers and producers of the market. This new development would increase the popularity of bitcoin and attract new bitcoin users!
To celebrate this, I just had a huuuge lunch at Burger King .. in Australia
Now old school mafia types may learn about bitcoin and inject all their dirty money into it, new highs in sight !
The trick is the payment system with exchainger.
Some dude claimed to add BTC to its Russian payment system some days ago, but i see no one who have used it.
This is the problem. In the past too several business firms started accepting bitcoin through intermediary service providers as well in the direct way. They didn't find it good to make a better profiting as not much of their customers started using bitcoin as the payment currency. Some dude claimed to add BTC to its Russian payment system some days ago, but i see no one who have used it.
Hate to be the person here that's going to burst the bubble of others here, but I'll guess I'll be helping everyone out here when I do this. Think about it, do you really think that Burger King is going to be doing something like this if they don't have a chance at getting more money and in reality they're probably still going to be getting the same amount of revenue -- with BTC or not. People aren't going to not go to this fast food restrautrant simply because they don't accept Bitcoin. I've said this once and I'll say it again, Businesses and Gov's are only going to adapt when they're bound to make a lot of money from adoption, in this case I think it's only going to be going to one store and this isn't going to be going to National level.
good news, next summer is the start of world cup 2018 and im 99℅ that i will be there,
i hope i can buy tickets with bitcoin too.
i hope i can buy tickets with bitcoin too.
Oh really??? Thats a good news for Russia I hope other country and their branches soon will follow this...
ual, imagine if the lightning network its implemented on bitcoin and we can buy fast foods with bitcoin, but right now the burger king its very brave accepting bitcoins in the moment when here is a lot of transations waiting to processed.
indeed that is great news, but how are they gonna handle the transaction fees and transaction confirmation time.,
maybe pay first then wait and then order ?
but it doesnt sounds good for home delivery it could work, like pay online using phone or pc while placing order and then after confirming the trasanction food gets delivered , but if the trsanction fees are low then you will never know the transaction is going to confirm .
maybe pay first then wait and then order ?
but it doesnt sounds good for home delivery it could work, like pay online using phone or pc while placing order and then after confirming the trasanction food gets delivered , but if the trsanction fees are low then you will never know the transaction is going to confirm .
Source: https://cointelegraph.com/news/burger-king-to-accept-bitcoin-in-russia-this-summer
So yeah, hopefully McDonald, Dominos pizza, and many others will follow after this. I thought that this kind of decisions are taken by the creators of the franchise but It looks like It's not since It's starting on Russia.
So yeah, hopefully McDonald, Dominos pizza, and many others will follow after this. I thought that this kind of decisions are taken by the creators of the franchise but It looks like It's not since It's starting on Russia.
Actually, it's more likely that Tim Horton's and Popeye's Louisiana Kitchen would offer to accept bitcoin for payment next given that they and Burger King are all owned by the same Parent company.
It's cool that a franchise could have proposed this idea. Usually the franchisees have very little authority to make decisions.
The trick is the payment system with exchainger.
Some dude claimed to add BTC to its Russian payment system some days ago, but i see no one who have used it.
Some dude claimed to add BTC to its Russian payment system some days ago, but i see no one who have used it.
This is very similar to fake. As payment in bitcoins will be reflected in the cash register? The tax also will be paid in bitcoins? Nowhere in Russia you will not even be able to pay in dollars. I don't believe this news. Before you come up with these fakes learn the laws.
The Regolation purposes might be prepared in some 30 days for the Government.
How much time the Government will goes to adopt or regect the use of electronic money in Russia is unclear.
How much time the Government will goes to adopt or regect the use of electronic money in Russia is unclear.
$1-$2 transaction fee for burger which costs few dollars.
The bigger issue is confermation time.
Well thats the problem, but once the confirmations started I think its almost OK that it is approved or on the way. Or, an additional charge for fees but I hope it will not affect too much the total price of an item. This is a good news and I am hoping more fastfood will follow suit. Mc Donads? Wendy's? KFC's? Hello
I hope there is a bitcoin terminal swipe card or scanner for easy transaction like in Visa or Mastercard.
$1-$2 transaction fee for burger which costs few dollars.
The bigger issue is confermation time.
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