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Burger King to accept crypto in Venezuela

By E.C.V. & ASOCIADOS - 15/01/2020
Burger King to accept crypto in Venezuela

As part of a pilot scheme, a Burger King restaurant in the Sambil area of Caracas will be accepting cryptocurrency as a payment method. More than 40 locations will follow this path in 2020.

The partnership is based around Burger King and a merchant gateway startup based in Panama, called Cryptobuyer. Bitcoin (BTC), altcoins Ether (ETH), Litecoin (LTC), Binance Coin (BNB), Dash (DASH) and Tether (USDT) are the cryptocurrencies accepted.

“The growth of Cryptobuyer in South America, especially in Venezuela, is another example of how this region is ahead of the curve in adopting cryptocurrency as a real method of payment,” said Cryptobuyer CEO Jorge Farias. Added Ryan Taylor, Dash Core Group CEO. “Dash usage continues growing at a rapid rate in Venezuela, as it provides an alternative that is a more reliable payment method and store of value.”
 

By E.C.V. & ASOCIADOS - 15/01/2020
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E.C.V. & ASOCIADOS

E.C.V. & ASOCIADOS is an organization born in 1996 guided by the mission of providing a comprehensive advice service in the area of Intellectual Property. We have the sole purpose of collaborating with our clients, making us fully responsible for the management of the very delicate activities and intangible assets of the IP area, those that usually absorb an important amount of energy and time for companies.
 
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