Bitcoin Forum

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I dont think it is practical. It takes long to get confirmation. They could choose an alternative altcoin instead to make transactions faster

valid answer mate, its really taking some time now when transacting using bitcoin and this type of establishment needs to have a faster confirmation
due to the reason of the fluctuation of current value, but its also a good start for more big improvement coming out from this digital currency if BK
will ste forward and succeed more and more businesses like that will follow.

They could figure out to use blockchain status as proof of payment. It is visible practically in real time.

Like paper money and gold before it, bitcoin is a currency that allows parties to exchange value. Unlike it predecessors, bitcoin is digital and decentralized. For the first time in history, people can exchange value without intermediaries which translates to greater control of funds and lower fees.

As usual, more fake news from the Coin Telegraph. 99.99% of the articles being published in that website are fake. It will be great if Burger King accepts Bitcoin. But it is not going to happen in the near future, especially in Russia.

I also find it unlikely, but since Putin got briefed on ETH this year it's possible that Russia's stance will change.

You know what's interesting in the article and what makes it suspicious? Not the news itself, but the way it's manipulated. The only think they're relying upon is a rumor that a Russian BK has started testing BTC payments and the rumor comes from undisclosed "local news resources".
Also Bitcoin is simply not made for buying street food. A $1 burger with a $1 fee, anyone?

At least until 2016, one of the major advantages with Bitcoin was that it could be used for micro-payments. But this is no longer possible due to the greed of the miners. But there is still a chance that the fees will come down, once SegWit2X could be implemented.

i guess it is not that practical because you would wait the confirmation for every transaction.how can you serve well the customer if it means to wait.

It will work well with pre-order and pickup.   Someone should pitch the idea to Starbucks.

I think they are making a very wise move here. You see that the exchange rate always changes.

Unless they are using a payment processor such as BitPay, it is never going to work. Nowadays, the confirmation takes as much as 1-2 hours. And during that time, the exchange rates can increase or decrease by up to 5% (Or even more in case of altcoins). Direct payments will be a big risk.

There are plenty of sites that use 0confirmations on things. Also they would probably use bitpay or something similar.[

Using a middle man, just like credit cards. Credit card companies are just middle men for facilitating transactions. They charge the business a fee when you use your credit card there. Likely this is what they would be doing.

i am not wonder if Russia have massive bitcoin adoption,i have some Russian followers in my instagram,they keep posting about bitcoin development in their country,they look like have no problem with bitcoin,so its only matter of time bitcoin will larger and become a good comodity in russia,and i hope other europan country will follow them.

Seems the likelihood of this news to be true is quite small, considering the source. Still, would have been nice if only microtransactions are still a thing. The King accepts the King of Crypto. That would have been a cool headline and would have gone far familiarizing people with bitcoin.


Sad but true.

I don't use bitcoins for payment (I just hoard them) but assuming this segwit don't push through, are there other ways that bitcoin can be adapted to microtransactions? I heard about Lightning Network but have no idea how that works or what the status is now.

Even though this is a good news to the crypto world but I still feel there is need to exercise patience in other to find a lasting solution to high fees and long confirmation time like someone have rightly said. I don't expect to buy a burger for an equivalent value of about $7 and I have to pay $2 for fees so my payment can get confirmed if possible before I finish my bite. And aside that how do I pay immediately and get my order before leaving the shop if I don't want to eat there these and many other questions that need to be answered before implementation.

It won't work in reality as everything needs to be  done in 90 sec.
Bitcoin is just to slow

Considering how fierce is the competition between Burger King and McDonald's in my area, I would say that BK will gain a lot of new users if they accept crypto-payments. The total number of cypto-users in the world has crossed the 10 million mark, and this is no longer an insignificant amount.

This is assuming bitcoin gets through the problem with transaction time and high fees. Maybe they can also start accepting other cryptos?

That's how businesses go anyway, you need to expand your market. It'll take some guts for a chain to be the first to accept bitcoin and other alts but if it does make a difference in their earnings and other chains see it, then they'd jump the bandwagon.

Fastfood would be one of the best places to start using bitcoins since almost everyone eat there every now and then. We want bitcoin to be more visible.

I wouldn't pay a snack or something small with bitcoins, i don't think this is practical.

Not an adecuate place to use bitcoins, even i would feel insecure to use them there.

Confirmation time is not a problem, if they use a payment processor such as BitPay. But the fees is a big problem. Where I live, VISA is charging a fees of 1.8%, with a minimum of just around $0.03. The minimum fee for using BTC is around BTC0.0015, which comes to around $3.60. This is almost 120 times higher than the fees charged by VISA.

What kind of nonsense? What kind of burger is king?

If that. Remember though, Ed Snowden still lives in Moscow and he is technically savvy and he has worked well within a team environment before. Maybe he's helping the cause move faster over there.

Are they going to mandate all their branches around the world to start accepting bitcoin or they would stay in russia for now? Tho i am excited for this because i am a burger king fan i am kinda afraid to pay more in fees than the burger that i've paid

I don't think this would even work, cheap things are still payed faster with paper.

I think the other had the good point but we will see what will be the changes after end of this month.
But i think there are still some alternative ways like here in my country that we can use the wallet which is we can pay instantly.
If they can make a local bitcoin wallet the same as in my country they can also deal instantly and without a fee for transaction.
If you know the company coins.ph here in my country i am using their wallet in paying bills or someone who use the same bitcoin wallet without any delay in transaction.. So business like burger and accepting small transaction will not be a problem because its already been tested here n my country.
But if you are use a wallet not a local wallet like electrum blockchain or any wallet not allow to send no fee and instant to the same company wallet not a good to pay like in burger business. I heard that coinbase can be use the same wallet as here in my country. Coinbase to coinbase will be instant and without a fee but never tested yet because coinbase is always unavailable i was transfer all my funds to electrum.. but i heard they are the same as in our local wallet..

Just checked with a Russian friend yesterday, and he told me that the Burger King employees in Vernadskogo Avenue have no idea about Bitcoins or the news that BK is going to accept BTC. As usual, it looks like the Coin Telegraph is churning out fake news in order to increase the readership.

Burger king is a great company, we're considering approaching Burger King to be a retail partner for our merchant app!

At first I really thought the news was true until I read your comment and got curious as it is indeed controversial. It may well be indeed fake news.

It may have been good news after all if it was true because it means another company, this time, a large worldwide food chain is accepting bitcoin as payments. But I also find it difficult to imagine spending bitcoin for a piece of burger. That might not be actually worth it. I have always thought that simple day to day transactions are good for fiat money. One does not have to wait for any confirmation and no transaction fees either.

It is a good new for sure.
But tbh i dont like the idea to spend my bitcoins to buy coffee or snacks. They are my investments. I can not say my grandchildren that i drank mocha and ate biscuits for a few mBTCs, when bitcoin price reaches to 100k usd  ;D

If Burger King actually accepts Bitcoin (or any other crypto-coin), it is really great news for us. But as far as I know, right now they don't have any intention in doing that. Also, Russia is a country where the usage of Bitcoin for making payments is discouraged by the authorities. Bitcoin users face a lot of harassment there.

That it is a fake was clear from the outset. This not only contravenes Russian legislation, but also how it can be implemented. First you will have to wait a few hours of payment confirmation and even payment transactions will be worth more than the cost of the Burger.

This is awesome.

I can't wait to blame burger king for my type 2 diabetes that I got from the king of burgs.

Not a well structured idea. Is like buying a damn coffee with Bitcoin.

If a payment processor such as Coinbase is used, then these problems can be solved. There will be a very small fee, and the issue with confirmations also will not be there. But in that case, we will have to say that BK accepts Coinbase payments, and not Bitcoin payments.

I saw this link http://www.uznayvse.ru/news/85865.html on the blog shared by OP - a Russian site, blog entitled "Burger King "will start taking bitcoins in 2017" (I translated it from Russian to English using goohle translate). If it's true, It won't be much of a hassle if they will be using QR code and I think the problem will be the fees and not the confirmation since bitcoin transaction is irreversible. However, if I'm the customer I'd still rather use cash than BTC.  ;D

Robots are coming to a burger joint near you (http://www.freedomsphoenix.com/News/221026-2017-07-04-robots-are-coming-to-a-burger-joint-near-you.htm)


https://www.freedomsphoenix.com/Uploads/Graphics/522-0704143720-a.png (http://www.freedomsphoenix.com/News/221026-2017-07-04-robots-are-coming-to-a-burger-joint-near-you.htm)




Read more at http://www.cnbc.com/video/2017/03/28/yum-ceo-robots-could-replace-fast-food-workers-by-mid-2020s.html.


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If they accept payments from Coinbase rather than directly accepting BTC payments, then none of these problems will exist. The fee will be low and there will be instant confirmation. And most importantly, getting refunds may also get easier. Since the fee charged by Coinbase (i.e the one payable by Burger King) is higher than the one charged by Visa/Master, they may even give discounts on BTC payments.

As much as Coin Telegraph wants to increase traffic on their site, they should also think about the credibility of their articles. More and more people will continue taking their 'news' less seriously if this trend continues.

I don't this would be a good idea yet. There would be things to consider especially for a bug business like bk when accepting btc as payment. Btc price varies and fluctuates so that means that the prices of the products would sway with btc price. Then there's the transaction time where it's not always that fast. So i don't really think its plausible at the momemt

Seems like they have been doing this for quite a while. They have become experts in dishing out fake news, and they have been doing this ever since 2014 I think. Please check these outrageous articles from them:

https://cointelegraph.com/news/greece-to-receive-1000-bitcoin-atms-as-trust-in-banks-long-gone

https://cointelegraph.com/news/bitcoin-to-become-peoples-right-in-china-new-law-proposed

https://cointelegraph.com/news/russia-calls-for-celebration-as-bitcoin-becomes-legal

Confirmation time, double spending? how can they deal with it? I don't know these well though

If Burger King is going to accept bitcoin then I don't have anything to become glad, I'm not interested in spending bitcoin by eating and shopping. Whatever the case is bitcoin should be reserved for the business and the future purposes​. But I'm not going to say that accepting bitcoin by burger king is worse, it's obviously better for getting popular among the people...

So in order to buy my $1 dollar menu burger i gotta spend $1 in fees? I wish this would happen in USA, it's still pretty cool that there's a national company that anyone can go to get a product

Wow! thats great news again to us if that happen, however I think there is a little bit problem which I think I saw about the payment of their customer. Isn't the confirmation was always the problem of the bitcoin users. How are gonna reaolve that kind of a problem.

Not a good idea, BK doesnt's sells anything worth paying with BTC.

Paying that food with bitcoin? No thanks, i prefer using paper for my security.

Good to see this initiative being taken in such a large country. It would be great to see this happening where I live, but it will probably take some time.
Patience is the key.

If they not implement a better way to aproved the payment of it it is really better to use cash or cards, maybe a bitcoin card could be in handy :)

Bitcoin (debit) cards issued by third party payment processors such as BitPay and Coinbase can be used. But direct payments are not impractical, due to complexities and delays with confirmation. Yesterday, one of my transactions took 3 hrs to confirm, despite paying a fee of 70 Sat/Byte.