Cryptocurrency is now accepted at Pizza Hut in Venezuela

[BrolySSJ 7899]

The uses of bitcoin and crypto grow every day as more and more merchants are starting to accept it, and it seems that now cryptocurrency is being accepted in the food industry at one of the most beloved pizza franchises, i.e. Pizza hut. This was introduced yesterday, where all Pizza Huts in the Venezuela region will now be accepting bitcoin as a form of payment. 

 

However, their adoption of crypto does not stop at bitcoin, and they also accept the traditional currencies of Ethereum, sprint, litecoin and even the binance coin (which in a way, in my opinion, must be a promotional tool for the binance exchange). 

 

Cryptopurchaser, the app used as a means to pay for the food at Pizza Hut with your crypto, was first introduced in June, and stated that over 20000 merchants will have capabilities of accepting bitcoin and other crypto and as we can see this is slowly becoming a reality. The merchants can then choose whether they want to get that amount in fiat currency after the payment is made, or if they would like to hold their funds in the crypto for the future, thereby also giving the merchants the opportunity to test the waters of the crypto trading market. 

 

This is an incredible development, and within the next few months, if this proves to be successful and has little drawbacks, then i think that soon this could be adopted in other countries as well. 

[hani20980 2706]

That's a good news for Venezuela users they can enjoy buying food with cryptocurrencies

i wish that all countries make the same move and allow their peoples to shop with cryptocurrencies

 

[Barbarellah 2225]

Venezuela has been characterized as the first country in Latin America to have adopted cryptocurrency and today it is recognized as the third country in the world that uses them as a means of commerce. This third world country saw the need to address other alternatives that would help it survive and the main option was the use of cryptocurrencies, so much so that its government implemented the cryptocurrency called Petro which is backed by oil and gold that that country has as a reserve.

[Jromz 2158]

The spread of crypto payments in Venezuela is something that actually makes sense. After all, their national currency is heavily devaluated and has practically lost all of its value. Then, it is logical that people and companies have a stronger reliance on alternative payment methods, such as cryptocurrencies. It is indeed a quite interesting phenomenon.

Edited November 28, 2020 by Jromz
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[Braulio Eurea 720]

Cryptocurrencies in Venezuela have had their advance, there are several businesses that accept them as a form of payment, among these businesses there is Traki, which is a department store scattered throughout Venezuela. This acceptance is due to the great advance that cryptocurrencies have in the world, even the government of Venezuela through the petro platform and the homeland platform accepts that Petro is bought with cryptocurrencies, this to earn cryptocurrencies through the government's cryptocurrency Venezuelan which is the so-called petro.

[Raqeebzy 6456]

Cryptocurrency, and especially bitcoin has been very much in adoption in Venezuela; good to see that. Can't really imagine the state of its economy without the bitcoin which has been the revival of its declining state since up to a decade. 

Practically, this has been the main use of BTC and crypto; better alternative to fiats for payment. Good for crypto holders especially in the region.

[setifien 1016]

I think Venezuela is one of the pro-crypto countries because it seems that crypto is a good solution for its financial issues and it helps it to recover from the US sanctions that Venezuela still suffers from. 

[Syedbesharat 5423]

As crypto adopter Venezuela is moving fast and bring crypto into different industries of country their are many cafes around the world who accept crypto as payment and in hoteling sectors many hotels have started using crypto as payment from customers. Their for this is renouncing of society with crypto currency. 

[guatazoo 7150]

I see currently Venezuela is the country that's have already seen the advantage of cryptocurrencies and their government also supporting cryptocurrencies to be used in their country. 

[kyoukage01 3181]

Every business establishments over there in Venezuela should have done this a long time ago. Their local currency is practically useless (hyperinflation issues) and there is a need for other currencies to be utilized. (Well, there is the Petro, but it failed miserably.)

 

BTW, what cryptocurrencies does Pizza Hut accept? Did they gave a list? Bitcoin is of course accepted by default, but what about other coins?

 

[miskyming 1588]

What a good news in Venezeula the pizza hut accepts bitcoin as one of the payment and not just one but four cryptos how amazing.. My country is not fully adopting cryptocurrency so I hope that one day the shops will accepting cryptos. 

[Jermany 612]

Venezuela has demonstrated its adoption of cryptocurrency and several commercial establishments use crypto as a means of payment, now pizza hut has joined that group of fast food stores in Venezuela that will accept payment in digital currency

[Moontong 5312]

Wow, it seems like a good move for the world of cryptocurrency, there are already many countries and establishments that are now accepting the use of cryptocurrency as the means of payment. There are also some innovations that we can see in the world of crypto on which there are many local wallets that are now accepting it. 

[Amiami 1362]

I was researching and the adoption of cryptocurrencies in Venezuela covers absolutely all areas that have to do with commerce between individuals or companies, for example a couple of days ago a Venezuelan told me that coins are accepted in the premises of companies such as Zara, Sony or In particular markets, the only problem he mentioned is that it is usually done clandestinely and that only some companies have permission from the government to receive cryptocurrencies

[Brandonsaw 1973]

I really did not know that in Venezuela they already accept cryptocurrencies as a form of payment, it is very great since the truth is that its national currency is worth very little and Venezuela always has a very bad economy, it is the country with the worst economy but it will soon recover since they are already using  cryptocurrencies and they do very well that money.

[velasco19 1753]

Venezuela is a country that faces a great crisis, so they have chosen to use cryptocurrencies in their lives for different expenses due to the devaluation of their currency.
It should also be noted that they occupy the first places in the world in cryptocurrency transactions so the Pizza Hut move is really convenient and benefits both parties and if it is successful it can expand to other countries.

[Moaz 7239]

Certainly, it is a great development in the field of cryptography and for users of cryptocurrencies, especially in a country like Venezuela, whose economy suffers from major problems due to sanctions and embargo, and that adopting cryptocurrencies in a large company such as pizza hit will push the rest of the companies to accept cryptocurrencies as a method of payment, and this is positive.

[melikf78 987]

Its great to hear that because it means crypto is getting more famous and when stores accept crypto as a payment method more people will start using crypto and about crypto in Venezuela I've heard they use it a lot and even they have their national crypto coin ! Which is great development for crypto.

[Johermi 1170]

In Venezuela from what I have read and seen by video on youtuber every day there are more merchants who accept payment with Cryptocurrencies such as traki City one of the largest department stores in Venezuela you can buy what you want and you can pay with Cryptocurrencies 

[kyoukage01 3181]

19 hours ago, Moontong said:

Wow, it seems like a good move for the world of cryptocurrency, there are already many countries and establishments that are now accepting the use of cryptocurrency as the means of payment. There are also some innovations that we can see in the world of crypto on which there are many local wallets that are now accepting it. 

For Venezuela, it felt more like the move for crypto adoption was forced upon them out of dire necessity due to their economic meltdown. It would be nice if the other countries, especially the richer and more advanced ones, are going to accept cryptocurrencies on a more widespread level, not just the poorer countries, for good reasons.

 

But still, we should wish Pizza Hut and other business establishments in Venezuela the best of luck. Their success story will be a good case for cryptocurrency adoption elsewhere.

 

Edited December 3, 2020 by kyoukage01

[Guru2050 8284]

A welcome development and at the same great and amazing news for all global crypto users not only to venezuelans. Crypto currency is gaining much more attention and appreciation every day from different part of the world. A good steps towards making a great record in future

[Bellamy 1065]

Venezuela is the first country in Latin America to have adopted cryptocurrencies in its economic system and they are not events that are constantly taking place in that country. In fact, it is in 3rd place in the world in the list of countries that use cryptocurrencies and recently the government of the day has legalized cryptocurrency mining, even going so far as to create a mining farm to support the expenses of the country's military personnel.

[Mark wood 2970]

That is such excellent news now people will get food on cryptocurrency and we see such news about different countries that they accept cryptocurrency in different things and at the passage of time many countries will accept it so that's great ..

[joemcgwa 3227]

So that's they have accepted crypto currencies in pizza hut because the first bitcoin use test was used to but pizza through the bitcoin transaction.

[bogdanoff 3173]

This is great for adoption. I hope that Pizza Hut will do that in all countries and then I will also use Bitcoin to buy from this company. Venezuela is using crypto a lot lately because the failure of the currency is not allowing commerce and making people poor.