Invest
Finger lickin' good: bitcoin accepted at KFC
Fast food giant KFC's Canadian operations have joined the growing list of businesses to begin accepting online payments using bitcoin.
Finger lickin' good: bitcoin accepted at KFC
Fast food giant KFC's Canadian operations have joined the growing list of businesses to begin accepting online payments using bitcoin.
“KFC Canada presents the Bitcoin Bucket. Sure, we don’t know exactly what bitcoins are, or how they work, but that shouldn’t come between you and some finger lickin’ good chicken,” the company announced on its social media pages recently.
The fried chicken giant has created a dedicated web page to track the volatile currency’s price and allow for the online purchase of the special meal deal, which includes 10 original recipe tenders, waffle fries, a medium side, medium gravy and two dips.
Despite reportedly generating considerable interest (the offer was sold out when My Business visited the site), the company insists the move is a promotional one only and is being offered only within Canada.
“The Bitcoin Bucket is a limited-time offer,” the website states, adding: “We can only accept purchases within Canada. Apologies, rest of the world.”
My Business has sought comment from KFC Australia about whether it plans to follow suit. It’s demonstrating growing business interest in joining the bitcoin bandwagon and allowing cryptocurrencies to be used to make online purchases.
While bitcoin is just one of many cryptocurrencies (or digital currencies) on the open market, it is arguably the most well known. In late 2017, its value soared well over $20,000; however, at the time of writing, one bitcoin was trading at just under $17,335.
As previously reported, bitcoin has even been accepted for residential property sales in Australia.
It comes despite tech entrepreneur and Shark Tank judge Steve Baxter telling Nest Egg's sister site, My Business last year that blockchain — the technology behind bitcoin — is the “most overhyped” technology he has come across in his career as an investor.
Bitcoin
Aussie bitcoin mining startup smashes pre-seed funding record
An Aussie bitcoin mining startup has raised $2.6 million in pre-seed funding, setting an Australian record. Read more
Bitcoin
Blockchain tipped to ‘irreversibly’ shake up global payments system
Bitcoin and other cryptocurrencies are reaching the point of critical mass, an expert has said. Read more
Bitcoin
Does bitcoin now fit the accounting definition of cash?
With bitcoin being declared legal tender in El Salvador and more generally gaining acceptance as a transaction currency across the world, does this cryptocurrency now meet the definition of cash, as ...Read more
Bitcoin
Bitcoin’s death cross descent may just be the beginning
Some bitcoin backers are jumping at the chance to gain from recent losses in the cryptocurrency market. Read more
Bitcoin
Goldman Sachs says bitcoin could hit US$100k despite recent losses
Inflation could drive the price of bitcoin to new heights. Read more
Bitcoin
Bitcoin records worst monthly performance since May
The world’s most popular cryptocurrency has ended a tumultuous 2021 on a sour note. Read more
Bitcoin
Panic-sellers offer bitcoin backers a Christmas bargain
Bitcoin’s latest losses could bolster the long-term gains of true crypto believers. Read more
Bitcoin
Aussies are already paying their bills in bitcoin
Getting paid and paying bills in bitcoin may just be a matter of time. Read more
Bitcoin
Aussie bitcoin mining startup smashes pre-seed funding record
An Aussie bitcoin mining startup has raised $2.6 million in pre-seed funding, setting an Australian record. Read more
Bitcoin
Blockchain tipped to ‘irreversibly’ shake up global payments system
Bitcoin and other cryptocurrencies are reaching the point of critical mass, an expert has said. Read more
Bitcoin
Does bitcoin now fit the accounting definition of cash?
With bitcoin being declared legal tender in El Salvador and more generally gaining acceptance as a transaction currency across the world, does this cryptocurrency now meet the definition of cash, as ...Read more
Bitcoin
Bitcoin’s death cross descent may just be the beginning
Some bitcoin backers are jumping at the chance to gain from recent losses in the cryptocurrency market. Read more
Bitcoin
Goldman Sachs says bitcoin could hit US$100k despite recent losses
Inflation could drive the price of bitcoin to new heights. Read more
Bitcoin
Bitcoin records worst monthly performance since May
The world’s most popular cryptocurrency has ended a tumultuous 2021 on a sour note. Read more
Bitcoin
Panic-sellers offer bitcoin backers a Christmas bargain
Bitcoin’s latest losses could bolster the long-term gains of true crypto believers. Read more
Bitcoin
Aussies are already paying their bills in bitcoin
Getting paid and paying bills in bitcoin may just be a matter of time. Read more