Yesterday I wrote a article about Amazon to allow Bitcoin and Litecoin as a payment method. Now, a day later, local newssites are posting that Burger King Russia will allow Bitcoin as a payment method this summer. I do not know if this is true because the big media still has to confirm it, but there is detailed news coming out of the local news.
According to local news resources, a Moscow branch of Burger King has started piloting Bitcoin payments, with officials now confirming a nationwide rollout. The following is a quote from an article from newsbtc.com.
It comes as a big surprise to learn Burger King is keen on Bitcoin. Things only get more amazing when considering how we are talking about Burger King in Russia, of all places. Until a few months ago, Bitcoin and Russia would have been an impossible combination. Things are certainly turning in favor of cryptocurrency right now. This is a major development which will help put Bitcoin the map, especially in Eastern Europe.
More specifically, Burger King will reveal the winner of the tender for the software to accept Bitcoin payments. It appears the fast food giant has been working on cryptocurrency payment integration for some time now. With multiple developers competing to create a proper solution, things will get very interesting in Russia moving forward. It is unclear which parties are in the running to make this integration happen, though.
Interestingly enough, integrating Bitcoin payments is not the biggest hurdle for Burger King. Instead, they have to deal with tax issues. Bitcoin and other cryptocurrencies are not legal tenders in Russia, which creates some tax issues. After all, Burger King needs to declare earnings, yet if the currency is not legal tender, it creates a confusing situation. It will be interesting to see how the company tackles this problem moving forward. Additionally, this may lead to some “emergency regulation” by the Russian government as well.
I hope this news is true and will be further confirmed. I know a Burger King franchise in Arhnem (The Netherlands) is already accepting Bitcoins, so I give it a possibility. As I wrote yesterday, cryptocurrencies needs large institutions (for example Amazon or Burger King) to become a success. That's why I'm very happy to read that there's a big company in Russia where you can probably spend cryptomoney this summer. In addition, I keep saying that it is very important for people to spend cryptocurrencie so that money comes into circulation.
To persuade companies to allow payment with cryptocurrency I am thinking to start a petition/site. A pool/site where we can start a petition to companies. In which we ask them to allow crypto currencies. Let me know what you think about this in the comments and I can work it out. My personal opinion is that we have to show to companies that there are many people who want to use cryptocurrencie (Like Bitcoin, Litecoin, Dash, Ether or Zcash).
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UnknowCrypto
Sources:
Amazon petition
Cointelegraph.com
Coinidol.com
1Prime.biz
Newsbtc.com
Incrussia.ru