KFC to accept dash in Venezuela
Following their Bitcoin Bucket promotion in Canada, KFC continues their efforts to expand their choices of payment options by accepting dash in Venezuela.
Venezuela is currently experiencing inflation the likes of which they’ve never experienced. The International Monetary Fund expects Venezuela’s inflation rate to increase to 1,000,000%, a truly worrying prediction for both the Venezuelan government, and the soon to be worthless bolivar.
A report by Forbes magazine recently revealed that KFCs based in Venezuela will begin to accept dash, a popular cryptocurrency in Venezuela, as early as next week. Alejandro Echeverria, co-founder of Dash Merchant told Forbes that dash began with “food trucks and small family businesses” but is now accepted by 2,445 merchants across the country.
Having the cryptocurrencies accepted in such a huge fast food chain, there will be more and more cases of mainstream adoption coming soon, experts say. The more volatile Venezuelan bolivar is the more opportunities there are for the cryptocurrency use in the country, which many Venezuelans see as the only solution to the economic troubles Maduro’s administration has.