Fast food giant McDonald's once again attracted attention within the cryptocurrency community after it tweeted "wagmi" in response to Binance's tweet about plenty of green candles.
Last January, as reported by U.Today, the company posted a tweet mocking crypto investors as the world's largest cryptocurrency dropped below the $33,000 threshold. However, the tweet ended up being a "bottom signal" for the market as the cryptocurrency soon surged to a two-week high of $41,983 in early February.
McDonald's jokingly attributes the market recovery to the fact that it tweeted the popular acronym "wagmi," which stands for "We're all gonna make it."
In late 2022, McDonald's started accepting Bitcoin as a payment method in Lugano, Switzerland. Prior to that, it also embraced the largest cryptocurrency in El Salvador in September 2021 after Bitcoin was adopted there as legal tender.
Alex DovbnyaIt is worth noting that McDonald's is not the only fast-food chain courting the cryptocurrency community. In 2021, Burger King announced a deal with Robinhood to offer rewards in various cryptocurrencies, while Shiba Inu has its own fast-food restaurant after partnering with Naples-based burger joint Welly.
Arman Shirinyan
Vladislav Sopov
Dan Burgin
U.Today Editorial Team