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Bitcoin Cash Accepted in Burger King as Crypto Adoption Spreads Wider

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Fri, 12/20/2019 - 16:15
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  • Burger King joins the GoCrypto payment provider and now accepts Bitcoin Cash as crypto adoption is spreading wider – confirmed by Roger Ver

Cover image via 123rf.com
Contents

The global fast food giant Burger King now cooperates with the GoCrypto payment service and starts accepting Bitcoin Cash. A video retweeted by Roger Ver shows that now this is happening in Slovenia.

However, more locations are going to be added later on.

Crypto penetrates the fast food industry

Cryptocurrency payments are becoming more and more popular as more merchants are collaborating with various payment services that allow paying with crypto using POS terminals. Those apps simply convert crypto coins to the local currency.

GoCrypto works in Slovenia, Croatia and Switzerland, helping various types of businesses to accept crypto – Bitcoin Cash, Bitcoin, Ether, GoC and Euro Token (SREUR).

So far, GoCrypto accepts crypto payments allowing customers to use Roger Ver’s Bitcoin.com wallet and Elly.

McDonald’s and the MacCoin

In summer 2018, the business world shivered as it heard that the largest fast food chain McDonald's announced the launch of the MacCoin. Their fears were in vain – this was no crypto but ‘the first global food-backed coin’ – more like free burger vouchers to commemorate the anniversary of Big Mac in the form of electronic tokens. The world-famous Big Mac had been launched 50 years ago.

The tokens launched in 50 countries in nearly 14,000 restaurants. McDonald’s has not yet expressed an intention of launching its own real blockchain-based crypto.

Burger King and Bitcoin

In September this year, the media announced that Burger King in Germany started accepting Bitcoin (with first experiments on that made as early as 2016 in the company’s restaurants in the Netherlands), however, a company rep then said that Burger King no longer accepts BTC.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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  • Bitcoin (BTC) bulls have high hopes for Q2 after the coronavirus-induced crisis tanked the price of the leading cryptocurrency

Cover image via stock.adobe.com
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Bitcoin, the number one cryptocurrency by market capitalization, is set to finish its tumultuous first quarter of 2020 in the red with a 10.65 percent drop, according to crypto data provided by Skew.    

As reported by U.Today, it suffered a price crash of enormous magnitude due to the coronavirus pandemic that resulted in the global economic shock. 

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The stellar quarter that wasn't 

In early 2020, Bitcoin was on track to have its best Q1 since 2013. In fact, it gained more than 50 percent after reaching its current yearly high of $10,508 on Feb. 13. However, this rally hit a snag and BTC printed its first negative February close in six years

All bull dreams have been brutally shattered after the 'Black Thursday' of May 12. On top of halving its price in less than one day, BTC was actually in great danger of hitting zero because of a string of liquidations on BitMEX. 

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The odds are in the bulls' favor  

That said, there is still a good chance that the bulls can stage an impressive comeback in Q2, which is historically the most successful quarter for the leading cryptocurrency.

Last year, BTC kicked off its impressive rally on Apr. 2 with a sudden 20 percent price pump.   

At press time, BTC is sitting at $6,480, continuing its streak of range-bound price action.  

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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