While Venezuela’s government remains focused on its Petro digital currency project, one fast-food restaurant in the Sambil area of Caracas is reportedly now accepting other types of cryptocurrency payments. According to a recent twitter announcement, payment platform Cryptobuyer has partnered with Burger King Venezuela to enable customers to pay using bitcoin, dash, litecoin, ethereum, BNB, and tether.
“We are pleased to announce our commercial alliance with @BurgerKingVE. From today you can eat like a king and in your own way paying with #bitcoin #dash #litecoin #ethereum $ BNB and #tether. Available only in CC Sambil #Caracas #Venezuela.“
Dash had announced its partnership with Cryptobuyer on December 30, confirming plans for Cryptobuyer to facilitate dash payments at Burger Kings throughout Venezuela. That announcement suggests that the two companies plan to introduce dash payments at all of Venezuela’s 40 Burger King locations this year. The company claims that roughly 1,000 Venezuelan merchants already accept the cryptocurrency for sales transactions.
According to Cryptobuyer CEO Jorge Farias, Venezuela is fertile ground for cryptocurrency adoption:
“Venezuela portraits a mix of situations that make it a perfect ground to deploy real-world cryptocurrency solutions, such as hyperinflation, cash shortages, deteriorated banking and communication infrastructure. The factors,in conjunction with the government’s initiative to use cryptocurrency as a payment method, will push use and adoption of these cutting-edge technologies, and we are really proud to lead this push.”