KFC Canada Is Accepting Bitcoin for Fried Chicken

[Bitcoin_Talk]

Its good initiative by KFC, Now even there small bucket of fried chicken will give more returns from last fiscal year


Fried chicken chain KFC Canada is accepting bitcoin – for a limited time and for a cryptocurrency-themed bucket of chicken, that is.

The limited-time marketing move sees the Canada-based chain advertising "The Bitcoin Bucket" complete with a Facebook-based live-tracker of the standing price for the product, which works out to roughly 20 Canadian dollars depending on the exchange rate with bitcoin.

That said, you can't exactly walk into a KFC location in Canada and pay with crypto at the cash register.

Instead, the company is accepting Bitcoin via BitPay as one of the options through an online check-out page. The Bitcoin Bucket will be delivered directly to the customer's address (the product also carries a $5 fee), according to the check-out process on its website.



https://www.coindesk.com/kfc-canada-is-accepting-bitcoin-for-fried-chicken/

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[yonjitsu]

I really love to see bitcoin in action where some entities are accepting it as payment for their goods or services. Transaction may be fast and convenience is guaranteed on both ends but i just wonder how they will handle the payment if this entity will go offline.

[teejaymuna]

I hope more and more companies accept BTC as a means of payment. It will help solidify BTC and also increase if awareness. KFC's move is another welcome development.

[CryptoClown]

What a nice marketing strategy. I think having an option to pay with Bitcoin even for a limited time is enough exposure for cryptocurrency. It will give people an idea that crypto currency do really exist not only for investment but could serve as fiat too when available.

[edgarcoinny]

I am really happy to see  this. KFC is a big company and if it embraces bitcoins then i feel like others will soon follow.

[whmpblgg]

Its good initiative by KFC, Now even there small bucket of fried chicken will give more returns from last fiscal year


Fried chicken chain KFC Canada is accepting bitcoin – for a limited time and for a cryptocurrency-themed bucket of chicken, that is.

The limited-time marketing move sees the Canada-based chain advertising "The Bitcoin Bucket" complete with a Facebook-based live-tracker of the standing price for the product, which works out to roughly 20 Canadian dollars depending on the exchange rate with bitcoin.

That said, you can't exactly walk into a KFC location in Canada and pay with crypto at the cash register.

Instead, the company is accepting Bitcoin via BitPay as one of the options through an online check-out page. The Bitcoin Bucket will be delivered directly to the customer's address (the product also carries a $5 fee), according to the check-out process on its website.



https://www.coindesk.com/kfc-canada-is-accepting-bitcoin-for-fried-chicken/

In addition to curiosity about bitcoin fried chicken barrels, I'm still more concerned with how to deal with Bitcoin and real currency rates because the value of bitcoin is subject to change, but I think that should not be a problem either.

[LeGaulois]

Its good initiative by KFC, Now even there small bucket of fried chicken will give more returns from last fiscal year


Fried chicken chain KFC Canada is accepting bitcoin – for a limited time and for a cryptocurrency-themed bucket of chicken, that is.

The limited-time marketing move sees the Canada-based chain advertising "The Bitcoin Bucket" complete with a Facebook-based live-tracker of the standing price for the product, which works out to roughly 20 Canadian dollars depending on the exchange rate with bitcoin.

That said, you can't exactly walk into a KFC location in Canada and pay with crypto at the cash register.

Instead, the company is accepting Bitcoin via BitPay as one of the options through an online check-out page. The Bitcoin Bucket will be delivered directly to the customer's address (the product also carries a $5 fee), according to the check-out process on its website.



https://www.coindesk.com/kfc-canada-is-accepting-bitcoin-for-fried-chicken/

In addition to curiosity about bitcoin fried chicken barrels, I'm still more concerned with how to deal with Bitcoin and real currency rates because the value of bitcoin is subject to change, but I think that should not be a problem either.

It isn't a problem because customers are charged with the value in real-time, so you pay what the rate is at the moment you order. The price won't change a lot in 2 minutes...as long you don't take 3 hours to pay. And from the KFC point of view, it doesn't matter either because it get converted to fiat automatically.

[sarfwr]

Bitcoin Fried chicken bucket? Wow, that sounds interesting. If there's a chance, I'd like to go to Canada and experience the bucket. After all, we are all lovers of bitcoin.

[ronypro]

Its good initiative by KFC, Now even there small bucket of fried chicken will give more returns from last fiscal year


Fried chicken chain KFC Canada is accepting bitcoin – for a limited time and for a cryptocurrency-themed bucket of chicken, that is.

The limited-time marketing move sees the Canada-based chain advertising "The Bitcoin Bucket" complete with a Facebook-based live-tracker of the standing price for the product, which works out to roughly 20 Canadian dollars depending on the exchange rate with bitcoin.

That said, you can't exactly walk into a KFC location in Canada and pay with crypto at the cash register.

Instead, the company is accepting Bitcoin via BitPay as one of the options through an online check-out page. The Bitcoin Bucket will be delivered directly to the customer's address (the product also carries a $5 fee), according to the check-out process on its website.



https://www.coindesk.com/kfc-canada-is-accepting-bitcoin-for-fried-chicken/

Thamks for letting us know atleast some bitcoin usecases comes up these days.
I hope in near future we will this in India aslo.

[Empiretoken]

The adoption and integration of blockchain technology by fast food chains like KFC and McDonald’s will drastically increase the awareness of millennials in bitcoin and cryptocurrencies, which have evolved into a major asset class.

[soham]

This is a very normal news and I am not particularly excited to see KFC Canada accepting bitcoin. Also they are not accepting bitcoin in practice. They are just using bitpay's payment gateway service which is very similar to visa or MasterCard payment gateway. While users will pay in bitcoin to bitpay and bitpay will transfer the dollar value to KFC. So practically KFC is not taking any business risk here. Because accepting bitcoin in a business of fast moving food retail chain is a huge challenge because of the price fluctuations, which KFC is not taking. So it is just a normal news and won't help bitcoin in any way. Just another very small adoption news without any impact.

[paulmusa25]

This was a great news for us. That one of the most popular fastfood is now accepting Bitcoin. I hope this will influence all over the world merchants to accept bitcoin.

[Jimmy palumbo]

After KFC supports bitcoin, I think McDonald's will also support bitcoin, as these two businesses are mostly bitter rivals.

[TravelBlock]

This is awesome for the movement! More companies, more people introduced to Bitcoin, more usage. It's a good start for now, in the future you'll have the giants like McDonalds and Subway join in. Fantastic to hear such things!

[xbl1008]

If KFC official post this on their shops people will gone crazy again because its the signs for the people to probe for a community whereas cashless society will occur its too convenient for us to not bring money and worry for nothing because nothing may be lost because all our assets is online and we can use it anywhere and anytime to provide our needs and wants at the same time.

[stompix]

So the title is
"KFC Canada Is Accepting Bitcoin for Fried Chicken"

But:
-it is not available in all stores
-is is just for limited time
-you can only order one special product
-they actually accept fiat not btc through bitpay
-it carries an extra 5$ fee
-you can only order it for delivery

Talking about advertesing

[FrueGreads]

If KFC official post this on their shops people will gone crazy again because its the signs for the people to probe for a community whereas cashless society will occur its too convenient for us to not bring money and worry for nothing because nothing may be lost because all our assets is online and we can use it anywhere and anytime to provide our needs and wants at the same time.

This will not happen, and even if it does, who will use bitcoin to buy fried chicken? The fees are to high, so it's not viable. The only reason KFC is doing this, is to try to boost their stock prices, although as the article pointed out it had no effect. Not saying this is bad, but KFC is not doing bitcoin a favor, and is just trying to use the hype around it. Even though most people are aware of bitcoin by now, positive news are always good, and I would like a bitcoin bucket but I don't live in Canada, so I cant buy one.

[Shrinath]

The biggest name in fried chicken has launched a crypto currency - themed “Bitcoin Bucket”. You can pay for it using the flagship of Bitcoins. As on one hand, the company is partnering with BitPay to accept bitcoin payments for the meal, but Luddites can still complete the purchase using fiat currency to avoid the rising transaction fees now associated with bitcoin payments. You can't exactly walk into a KFC location in Canada and pay with crypto at the cash register. Instead, the company is accepting Bitcoin via BitPay as one of the options through an online check-out page. The Bitcoin Bucket will be delivered directly to the customer's address (the product also carries a $5 fee), according to the check-out process on its website. Hence, KFC is not sharing the risk in the business of the price fluctuation in Bitcoin. Its been outsourced to BitPay. This is because accepting bitcoin in a business of fast moving food retail chain is a huge challenge because of the price fluctuations, which KFC is not sharing.

[Roukawa]

I encountered already a news that KFC is accepting bitcoin for Fried Chicken but I don't know yet what is that country. It is a great news that Canada will accept bitcoin for payment in fried chicken. I hope that in the simple accepting of bitcoin in fastfood chain will spread also in my country. I am waiting for the KFC in my country to accept bitcoin.

[thet]

I really love to see bitcoin in action where some entities are accepting it as payment for their goods or services. Transaction may be fast and convenience is guaranteed on both ends but i just wonder how they will handle the payment if this entity will go offline.

I really love to know that they are now accepting bitcoin as payment. It will be a good news and will help for bitcoin's popularity. It will be a new beginning for a big convenient transactions that are waiting to all bitcoin users.