Burger King to Accept ...

[kna]

Erased

[Stavri]

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

[carlisle1]

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.

[Okurkabinladin]

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

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.

[Vishnu.Reang]

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.

[darkangel11]

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?

[Sithara007]

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.

[Peregrines]

Russian Burger King restaurants are due to start accepting Bitcoin as a payment method this summer, reports state on Wednesday.

According to local news resources, a Moscow branch of the burger chain has started piloting Bitcoin payments, with officials now confirming a nationwide rollout.

Uznay Vse states the unnamed branch accepted a Bitcoin transaction on Tuesday this week, which represents “the first official reports of Bitcoin payments for goods and services in Russia.”

Burger King has also begun the hunt for an IT professional able to implement the relevant software.

“Several programs need to be written which will allow restaurant tills to speak to the Android and iOS apps and allow customers to pay with cryptocurrency,” Uznay Vse continues.

Russia is becoming an increasingly pro-crypto environment this year, with Finance Ministry deputy Alexey Moiseev saying this week that such currencies may be legally traded on exchanges if subject to “appropriate regulations.”


Source : https://cointelegraph.com/news/burger-king-to-accept-bitcoin-in-russia-this-summer

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.

[vh]

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

[Blowtorch]

Russian Burger King restaurants are due to start accepting Bitcoin as a payment method this summer, reports state on Wednesday.

According to local news resources, a Moscow branch of the burger chain has started piloting Bitcoin payments, with officials now confirming a nationwide rollout.

Uznay Vse states the unnamed branch accepted a Bitcoin transaction on Tuesday this week, which represents “the first official reports of Bitcoin payments for goods and services in Russia.”

Burger King has also begun the hunt for an IT professional able to implement the relevant software.

“Several programs need to be written which will allow restaurant tills to speak to the Android and iOS apps and allow customers to pay with cryptocurrency,” Uznay Vse continues.

Russia is becoming an increasingly pro-crypto environment this year, with Finance Ministry deputy Alexey Moiseev saying this week that such currencies may be legally traded on exchanges if subject to “appropriate regulations.”


Source : https://cointelegraph.com/news/burger-king-to-accept-bitcoin-in-russia-this-summer

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

[Sithara007]

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

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.

[iluvpie60]

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

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.

[kodes88]

Russian Burger King restaurants are due to start accepting Bitcoin as a payment method this summer, reports state on Wednesday.

According to local news resources, a Moscow branch of the burger chain has started piloting Bitcoin payments, with officials now confirming a nationwide rollout.

Uznay Vse states the unnamed branch accepted a Bitcoin transaction on Tuesday this week, which represents “the first official reports of Bitcoin payments for goods and services in Russia.”

Burger King has also begun the hunt for an IT professional able to implement the relevant software.

“Several programs need to be written which will allow restaurant tills to speak to the Android and iOS apps and allow customers to pay with cryptocurrency,” Uznay Vse continues.

Russia is becoming an increasingly pro-crypto environment this year, with Finance Ministry deputy Alexey Moiseev saying this week that such currencies may be legally traded on exchanges if subject to “appropriate regulations.”


Source : https://cointelegraph.com/news/burger-king-to-accept-bitcoin-in-russia-this-summer

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.

[Mometaskers]

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.

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.

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.

[audaciousbeing]

Russian Burger King restaurants are due to start accepting Bitcoin as a payment method this summer, reports state on Wednesday.

According to local news resources, a Moscow branch of the burger chain has started piloting Bitcoin payments, with officials now confirming a nationwide rollout.

Uznay Vse states the unnamed branch accepted a Bitcoin transaction on Tuesday this week, which represents “the first official reports of Bitcoin payments for goods and services in Russia.”

Burger King has also begun the hunt for an IT professional able to implement the relevant software.

“Several programs need to be written which will allow restaurant tills to speak to the Android and iOS apps and allow customers to pay with cryptocurrency,” Uznay Vse continues.

Russia is becoming an increasingly pro-crypto environment this year, with Finance Ministry deputy Alexey Moiseev saying this week that such currencies may be legally traded on exchanges if subject to “appropriate regulations.”


Source : https://cointelegraph.com/news/burger-king-to-accept-bitcoin-in-russia-this-summer

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.

[Thule]

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

[Sithara007]

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.

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.

[Mometaskers]

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.

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.

[NinyaWarr]

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

[theredproof77]

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