A popular U.S.-based pizza chain began to accept cryptocurrency payments in all its stores in Venezuela.
According to a Nov. 27 tweet from crypto services firm CryptoBuyer, Pizza Hut stores in the South American nation now accept crypto as a form of payment for food and drinks. The move follows the crypto firm partnering with Mega Soft to drive adoption in Venezuela by facilitating crypto payments at more than 20,000 shops and businesses.
Richard ElKhouri, General Director for Venezuelan operations of the pizza chain, in an interview with local news outlet ElAxioma stated:
“Pizza Hut nowadays cannot be detached from these technological advances and all those incorporating new approaches for daily necessities. It is important that we accommodate young people, modern adults, and people technologically knowledgeable.”
Pizza Hut’s move was possible thanks to a partnership with the Latin American crypto payments processor, Crypto Buyer. By using CryptoBuyer, customers will be able to purchase pizza at the restaurant chain with Bitcoin (BTC), Litecoin (LTC), Dash (DASH), Binance Coin (BNB), Binance USD (BUSD), Ether (ETH), Tether (USDT), Dai (DAI), and Cryptobuyer’s native token XPT. Moreover, Pizza Hut has also locations in the capital, Caracas, as well in the cities of Maracay, Maracaibo and Barquisimeto.
Based in Panama, Cryptobuyer is a cryptocurrency merchant gateway startup that also runs Bitcoin ATMs across Central and South America.
Bitcoin’s beginnings go hand-in-hand with the American staple dish, as the first documented commercial purchase using the cryptocurrency was an order for two pizzas. On May 22, 2010, programmer Laszlo Hanyecz completed the first documented commercial Bitcoin purchase, paying 10,000 BTC, for a Bitcoin Talk forum user to send him two pies from a Papa John’s store in the United States.
This was reported by cointelegraph.com on Nov 29,2020.