August 14, 2018

KFC Canada Is Accepting Bitcoin For Fried Chicken

13 January 2018, 03:04 | Edward Lowe

KFC Canada Is Accepting Bitcoin For Fried Chicken

KFC Canada Is Accepting Bitcoin For Fried Chicken

"Despite the ups and downs of Bitcoin, the Colonel's Original Recipe is as good as always". 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.

"If you happen to be in Canada, you can now order finger lickin" good food by paying in Bitcoins! Currently, transferring Bitcoin is prohibitively expensive, and using your Bitcoin at KFC may turn a $20 purchase into $50 with current fees.

Instead, the company is accepting Bitcoin via BitPay as one of the options through an online check-out page. The fast-food chain is now accepting the cryptocurrency for a limited time for customers to buy a Bitcoin-themed chicken bucket called the "Bitcoin Bucket".

In case you're wondering how you can walk into a Canadian KFC location and purchase the Bitcoin Bucket, well, you can't, at least physically.

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"Welcome to 2018, Canada", the KFC Canada website reads.

The Bitcoin Bucket deal is now only available on the Canadian website, but if you're interested in using some of your hard-earned currency on a tasty meal, you can trade $20 CAD worth of bitcoin at KFC for a bucket of chicken.

Also the company points out that the trading time of the Bitcoin Bucket is limited.

Bitcoin prices hit a turbulent patch on the markets after South Korea threatened to ban the popular cryptocurrency yesterday.

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Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at approximately $389,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link .

KFC considers other cryptocurrencies as well and mentions it on Twitter.

Others noted the cost of the bucket would come out to about $40 due to a $20 transaction fee.

Response to social media was controversy. "Hold for the dip", as well as "If Satoshi reveals his true identity, his bucket is on us" (referring to the anonymous identity of the Bitcoin creator Satoshi Nakamoto). KFC has now become the latest name to join the Bitcoin party, joining a number of eminent names who accept Bitcoin payments such as Microsoft, etc. The gate for rival cryptocurrencies that include bitcoin cash, litecoin, ethereum and ripple was opened. It has decreased by 1.22%, as compared to the previous day.

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