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Bitcoin (BTC), Ether (ETH), Litecoin (LTC), other cryptocurrencies now accepted in Pizza Hut stores in Venezuela
Customers can now use encryption to pay for orders at all Pizza Hut locations in Venezuela.
Pizza Hut Venezuela now accepts cryptocurrencies, such as Bitcoin (BTC) and Litecoin (LTC), as payments for ordered food and drinks. The US pizza chain joins Burger King, Intercontinental Hotel, Traki, and other established ones that accept crypto payments via the Cryptobuyer payment platform.
Cryptobuyer announced via a tweet on November 27 that all Pizza Hut stores in Venezuela will now accept encryption as a form of payment, Cointelegraph reported. The payment platform has partnered with Venezuelan local payment processor Mega Soft, enabling over 20,000 businesses and stores to accept digital currencies as payment.
“From today, you can share with your family and pay with cryptocurrencies … at any of the Pizza Hut restaurants in Venezuela,” announced Cryptobuyer, according to Bitcoin.com.
Pizza Hut’s partnership with Cryptobuyer now allows it to process a wide range of cryptocurrencies from clients. These include Bitcoin (BTC), Ethereum (ETH), DASH, Litecoin (LTC), Binance Coin (BNB), Tether (USDT), DAI and XPT, the native Cryptobuyer token.
Pizza Hut has opened restaurants in Venezuela such as Barquisimeto, Caracas, Maracaibo and Maracay. In the nation’s capital, Caracas, the outlets of the pizza chain are located in Caurimare, El Recreo, El Sambil, Lider and las Mercedes.
The pizza chain has said it cannot distance itself from technological advances in finance such as cryptocurrency. “Pizza Hut nowadays cannot be detached from these technological advances and all those that incorporate new approaches to daily needs,” explained Pizza Hut CEO for Venezuela Richard ElKhouri in an interview with ElAxioma. “It is important to welcome young people, modern adults and technologically informed people”.
Cryptobuyer said Mega Soft’s Merchant Server platform has the ability to accept over 100 cryptocurrencies thanks to the company’s alliance with Liquid, a Japanese crypto exchange. Mega Soft is one of the largest payment platforms in the country which processes over 18 million monthly transactions.
Venezuela has the third highest use of cryptocurrency in the world as people are turning to digital currencies to mitigate the effects of the devaluation of the bolivar, the country’s currency. “Venezuela is going through one of the worst economic crises in modern history, with its national currency, the bolivar, becoming virtually worthless,” wrote Chainalysis. “Under these circumstances, cryptocurrency has taken on an important role in Venezuela’s economy.”
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