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.

More news: Heat a factor in del Potro's NZ final loss
More news: Jacksonville Jaguars vs. Pittsburgh Steelers: Friday Fact or Fiction for Divisional Weekend
More news: No Tri-State Sam's Club locations listed in closings

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.

Related Articles

  • Suspect on run after shooting Knoxville police officer at shopping center

    Suspect on run after shooting Knoxville police officer at shopping center

    Knoxville police said Lucas used a shot gun and fired multiple times. "Call law enforcement and let us know where he is". Wilson said he is thankful that the deputy is okay, and he wants his son to turn himself in so no one else gets hurt.

    Ruling stocks that monarchs the market: Twenty-First Century Fox, Inc. (FOXA)

    This simple numeric scale reads 1 to 5, and it changes brokerage firm Hold recommendations into an average broker rating. The stock of NIKE, Inc. (NASDAQ: FOXA ) earned "Market Perform" rating by Telsey Advisory Group on Monday, December 12.
    Micron Technology (MU) Rating Reiterated by Credit Suisse Group

    Micron Technology (MU) Rating Reiterated by Credit Suisse Group

    Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Schroder Investment Management Group sold 740,666 shares as the company's stock rose 19.14% with the market.
  • The Bentley Bentayga Gets a Twin-Turbocharged V-8 Option

    The Bentley Bentayga Gets a Twin-Turbocharged V-8 Option

    Passengers in the back can utilize the crossover's 10-inch removable Android tablets with 4G, Bluetooth, and Wi-Fi capabilities. USA pricing hasn't been announced yet, but in the United Kingdom the Bentayga V8 will have a starting price of about $186,000.

    Swiss National Bank Has $309.96 Million Holdings in CVS Health Corp (CVS)

    On a one to five ratings scale where 1.0 indicates a Strong Buy, 2.0 indicates a Buy, 3.0 a Hold, 4.0 a Sell and 5.0 a Stong Sell. Rikoon Group LLC purchased a new stake in shares of CVS Health Corporation during the third quarter valued at about $1,422,000.

    Hillary Clinton tweets about Trump's 'ignorant, racist views'

    DACA shields almost 800,000 young immigrants from deportation by allowing them to work and study legally in the United States. Trump on Thursday reportedly referred to the nations as " s**thole countries " in a bipartisan meeting on immigration reform.
  • At least 54 deaths, 15500 cases so far this season

    At least 54 deaths, 15500 cases so far this season

    The other 20 percent of cases have been a serious strain of the flu that's predominant across the nation, Berg said. Because the flu is so bad this season, Chen says health professionals are doing things a bit differently this year.
    Serena Williams reveals health scare after birth of daughter Olympia

    Serena Williams reveals health scare after birth of daughter Olympia

    Little Alexis was fine after her September birth, but Williams said that "everything went bad" for her personally. For someone as courageous and strong as Williams, she's admitted to feeling doubt when it comes to motherhood.
    Meltdown, Spectre chip flaws raise questions about hardware security

    Meltdown, Spectre chip flaws raise questions about hardware security

    The chip-makers have issued contradictory statements downplaying the severity of the bugs, but security experts are less sanguine. Gruss said Meltdown was the more serious problem in the short term but could be decisively stopped with software patches.
  • The Hill: Trump refuses to commit to Mueller interview

    The Hill: Trump refuses to commit to Mueller interview

    Prosecutors have indicated they will likely seek an interview with Trump, the Washington Post reported . Strzok was removed from Mueller's team after the special counsel learned about the messages last summer.
    Left-Wing, Mainstream Tech Information Shops Ignore Mission Veritas Twitter Conservative Censorship Exposé

    Left-Wing, Mainstream Tech Information Shops Ignore Mission Veritas Twitter Conservative Censorship Exposé

    We're trying to get the shitty people to not show up. "It's something we're working on". "It's a product thing we're working on". On January 3, 2018, he met with a Project Veritas undercover journalist (UCJ) at Stookeys Club Moderne in San Francisco .
    European Commission wants €1 billion investment in European supercomputers

    European Commission wants €1 billion investment in European supercomputers

    The research effort will include "the development of ... the first generation of European low-power microprocessor technology". It predicts that with the use of a supercomputer, auto production cycles could be reduced "from 60 months to 24 months".