Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Dash Forum => Privacy Coins Forum => Dash News & Updates => Topic started by: PRIBO247 on December 12, 2018, 09:08:20 PM
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KFC Venezuela will not at present allow payments in the
Dash ( DASH) cryptocurrency, despite several reports to the
contrary in both traditional and crypto-focused media. However,
such a future possibility is not out of the question.
KFC, or Kentucky Fried Chicken, is a US-based international
fried chicken restaurant chain, with approximately 21,000
locations worldwide.
The fault for misreporting apparently lies with Dash Merchant
Venezuela, who implied in a tweet that they had jumped the gun
somewhat by giving the impression that customers would soon
be able to pay with the top-20 cryptocurrency.
“Unfortunately, the message released was premature and
reflected our optimism instead of the current state of our
discussion with KFC Venezuela,” the release said.
Dash Merchant Venezuela clarified that they are merely
discussing the testing of DASH payments at a single Caracas
KFC restaurant, in hopes of wider adoption.
Videos on the organization’s Twitter feed indicate that they are
also (at least) testing DASH payments at other, comparable US-
based restaurant chains Subway and Papa John’s, and that
some merchant adoption has been achieved.
KFC has reportedly improved the quality of its food in the past
few years, after an employee-shot 2013 viral video showed
disturbing practices and norms at one US restaurant.
Venezuela - A Breeding Ground for Crypto?
Concerns about the payment options of international food chains
are striking when juxtaposed with frequent reports of food
shortage and even starvation in Venezuela. Economic and
political turmoil in the country often makes it the subject of
intense media attention, as it suffers from a hyperinflating
currency and several forms of international sanction.
Conditions in and surrounding Venezuela have made it a hotspot
of cryptoasset activity, both for free and open cryptocurrency like
Bitcoin, and of the new wave of state-backed cryptocurrencies
exemplified by the Venezuelan Petro (PTR ) digital asset.
The Petro, a centrally issued cryptocurrency built on Ethereum’s
ERC20 standard, is an attempt to conduct the hydrocarbon trade
in a currency other than US dollars, and trading using the state
crypto is set to begin in March 2019.
CryptoGlobe recently reported on burgeoning activity of peer-to-
peer bitcoin trading platform Localbitcoins in Venezuela,
presumably because of Bitcoin’s use case as both a remittance
vehicle and a more stable asset than the national currency.
Source : https://www.cryptoglobe.com