It wasn’t that long ago that cryptocurrency enthusiasts in Russia faced the very real possibility that their government might ban Bitcoin and even jail anyone who owned or used digital currency. Those types of threats are now all but forgotten, as acceptance of digital currency technology is growing by leaps and bounds. That increasing interest in cryptocurrency was perhaps best highlighted by a single Bitcoin merchant transaction at an unidentified Burger King restaurant in Moscow on June 27, 2017.
According to Russian news outlet, Uznay Vse, that Moscow franchise accepted a customer’s Bitcoin as payment for a meal early this week. The transaction represents the “first official report on Bitcoin payment of goods or services in Russia” – and it is apparently not going to be a one-time event. Uznay Vse reports that the fast-food chain intends to begin accepting Bitcoin at its Russian franchises later this summer.
The company is reportedly moving to hire IT personnel to help expand its Bitcoin payment system to other Burger King franchises throughout Russia. For that expansion to happen, the burger giant needs to have software that can integrate existing point of sale systems with smartphone apps that customers use to make their cryptocurrency payments.