A popular US pizza chain has begun accepting cryptocurrency payments in all of its Venezuela stores.
According to a November 27 tweet from crypto services company CryptoBuyer, Pizza Hut stores in the South American nation are now accepting cryptocurrency as a way to pay for food and drinks. The move comes after a crypto company that has partnered with Mega Soft to publish in Venezuela, facilitating crypto payments to more than 20,000 stores and companies.
“Today, Pizza Hut is inseparable from these technological developments and all those involving new approaches to satisfying everyday needs,” said Richard El Khoury, CEO of the Venezuelan pizza chain, in an interview with local news agency ElAxioma. “It is important that we accept young people and adults who are modern and tech-savvy.”
With CryptoBuyer, customers can buy pizza in restaurant chains using Bitcoin (BTC), Litecoin (LTC), Dash (DASH), Binance Coin (BNB), Binance USD (BUSD), Ether (ETH), Tether (USDT) and Dai. (DAI) and its native XPT token. Pizza Hut has offices in the capital, Caracas, as well as in the cities of Maracay, Maracaibo and Barquisimeto.
Cryptobuyer is a cryptocurrency trading portal based in Panama that also operates Bitcoin ATMs across Central and South America. The company has already opened popular crypto businesses including US fast food chains such as Burger King, Tamanaco Intercontinental in Caracas, and Traqui, the nation’s largest retail chain.
Bitcoin’s assets go hand in hand with the American diocese, when the first documented commercial purchase with a cryptocurrency was an order to buy two pizzas. On May 22, 2010, programmer Laszlo Hanets made the first documented commercial purchase of Bitcoin, and paid 10,000 Bitcoins – now worth around $ 181 million – to a Bitcoin Talk forum user to send two pies from the Papa John store in the US.