crypto payment

Pizza Hut, Venezuela, to accept Bitcoin for pies

In all of its stores in Venezuela, the famous U.S.-based pizza chain has begun accepting crypto-currency payments.

Pizza Hut stores in the South American country now accept crypto as a form of payment for food and drinks, according to a Nov. 27 tweet from the crypto services company CryptoBuyer. The move follows Mega Soft’s crypto company partnership to drive adoption in Venezuela. By facilitating crypto payments at more than 20,000 stores and companies.

“Pizza Hut nowadays cannot be detached from these technological advances and all those incorporating new approaches for daily necessities,” said Richard ElKhouri, General Director for Venezuelan operations of the pizza chain, in an interview with local news outlet ElAxioma. “It is important that we accommodate young people, modern adults, and people technologically knowledgeable.”

Customers can purchase pizza with Bitcoin (BTC), Litecoin (LTC), Dash (DASH), Binance Coin (BNB), Binance USD (BUSD), Ether (ETH), Tether (USDT), Dai (DAI), and its native token XPT at the restaurant chain using CryptoBuyer. Pizza Hut has locations in the capital, Caracas, as well as in Maracay, Maracaibo and Barquisimeto cities.

Cryptobuyer, based in Panama, is a start-up cryptocurrency merchant gateway that also runs Bitcoin ATMs throughout Central and South America. The company has already launched popular crypto payment firms. Including U.S.-based fast food chains such as Burger King, Caracas’ Tamanaco Intercontinental Hotel, and Traki, the nation’s largest retail chain.

And the beginnings of Bitcoin go hand-in-hand with the American staple dish. Since an order for two pizzas was the first documented commercial purchase using the cryptocurrency. On May 22, 2010, programmer Laszlo Hanyecz completed the first documented commercial purchase of Bitcoin. Then 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. Now it worth approximately $ 181 million.