KFC is accepting Bitcoin for fried chicken in this country

KFC is accepting Bitcoin for fried chicken in this country

Fried chicken chain KFC Canada is accepting bitcoin - for a limited time and for a cryptocurrency-themed bucket of chicken, that is.

As soon as Bitcoin and other cryptocurrencies have started their epic bull run, many large companies are accepting Bitcoins as a legitimate source of funds.

For a Bitcoin payment worth the equivalent of $20, a customer could order a bucket of 10 chicken tenders, with waffle fries, a side dish, gravy and two dips.

Given the current state of the Bitcoin network and its underlying scalability issues, it will be hard for any large-scale commercial fast food chain to accept bitcoin as a payment method.

"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", the company said in a posting on its Canadian Facebook page that featured a live tracker of the virtual currency's value superimposed on a bucket of chicken.

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

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To solve the volatility of the cryptocurrency market, the company has pegged the price of a Bitcoin Bucket at $20, which will be converted into fractions of a bitcoin when a purchase is made. Instead, it is bought online using Bitpay as one of the payment options and the bucket will then be delivered to the customer's address (though a $5 shipping fee will be charged).

KFC Canada says its "Bitcoin Bucket" deal is real.

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

But this Canadian social media LTO promotion was aimed squarely at marketing the chain, rather than making money directly from bitcoin transactions.

In recent months the bitcoin network has become almost unusable for day-to-day commerce and small transactions.

According to the data from CoinMarketCap, now Bitcoin price makes up $13637. Ethereum price is $1 201,94, while Ripple is $2,03.

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