Posted in: Forex

Pizza Hut To Accept Bitcoin For Pies In Venezuela

Stores of Pizza Hut in Venezuela have now started accepting crypto as a payment option at their outlets. Consumers can use Bitcoins to pay their products. The US-based pizza chain is one of the first food chains to adopt such payment options in South America, followed by Burger King and Church’s Chicken.

CryptoBuyer has partnered with another brand, Mega Soft to improve the adoption of cryptocurrencies at more than 20000 business outlets and shops in Venezuela. Officials of Pizza Hut say that it is important to address the needs of young people and modern adults who want to use such technologies for their everyday activities.

Pizza Hut’s popularity in Venezuela

Customers can now use CryptoBuyer to buy pizza at several restaurant chains and pay with cryptocurrencies like BTC, LTC, DASH, BNB, BUSD, ETH, and DAI. Apart from that, consumers can also use its native token XPT. Pizza Hut is a popular fast-food chain in Venezuela, and it has a presence in several popular locations, including the capital city Caracas. Other than that, Pizza Hut also has stores in Maracay, Barquisimeto, and Maracaibo.

Growth of CryptoBuyer

CryptoBuyer is a cryptocurrency merchant gateway startup based in Panama. Not only that, it also runs several Bitcoin ATMs across South and Central America. The company is working hard towards promoting cryptocurrency payments in this region. It has included US-based fast-food giants Burger King, Pizza Hut, and Tamanaco Intercontinental Hotel in Caracas. Apart from that, it is also associated with Traki, which is the largest retail chain store in this region.

First commercial Bitcoin purchase

Interestingly, the first documented purchase using Bitcoin was to buy pizza from Papa John’s store in the US. In 2010, programmer Laszlo Hanyecz made the first documented use of Bitcoin purchase and paid 10000 BTC, which is now worth about $181 million. The use of cryptocurrencies has become a norm with most businesses that want to attract young users towards their products and services.

Some firms which promote online services also accept cryptocurrencies and even offer discounts for using such currencies on their platforms. In this way, users will get attracted towards such platforms in the long run. Many young users are comfortable using Bitcoins and other cryptocurrencies to pay for products and services online. The trend of restaurants accepting such payments at their outlets will increase soon when popular outlets start using them regularly.