Pizza Hut stores, a famous U.S. based pizza chain has started accepting cryptocurrency as a payment option in all its stores in Venezuela.
Pizza Hut which is in partnership with Panamanian crypto payments start-up Cryptobuyer will now receive payment from customers who intend to buy from the restaurant using Bitcoin (BTC), Ether, Litecoin (LTC), Binance Coin (BNB), Dash (DASH), Binance USD (BUSD), Tether (USDT), Dai (DAI) and XPT.
In an Instagram post announcing the milestone, Cryptobuyer revealed that customers can now pay in crypto across Pizza Hut restaurants in Venezuela.
“From today you can share with your family and pay with cryptocurrencies…In Caracas in El Sambil, El Recreo, Líder, Caurimare and las Mercedes. You can also pay with your cryptos at the Pizza Hut in Maracay, Maracaibo and Barquisimeto”.
So far so good, bitcoin seems to have regained momentum these past few days coming from as low as $16,500 last week to the current price of $18,565.20 as of when writing this report, gaining 2.25%. The trading volume of bitcoin in the last 24 hours is $24.82B. The current market capitalization of bitcoin is $344.57B as of the time of writing this report. Currently, 18,558,368.75 bitcoins are in circulation.
Stats and Image fromCoin Desk
While responding to questions in an interview with ElAxioma.com, Richard ElKhouri, the General Director of Pizza Hut Venezuela said: “The consumer is of vital importance to us. Today Pizza Hut cannot be detached from these technological advances”.
Jorge Farías, CEO of Cryptobuyer believes that the integration of crypto as a payment option in large businesses is an opportunity to make availability and accessibility of financial services easier.
“This is the beginning of a definitive trend where we will see how new technologies are presented as a real alternative for financial inclusion”.
Other fast-food chains like Burger King and Church’s Chicken already accept crypto payments in the South American nation.