Church’s Chicken Begins To Accept Cryptocurrency In Venezuela
Church’s Chicken, an international fast food franchise, has announced support for crypto payments in its Venezuelan restaurants. The company has entered into a partnership with a startup Dash Venezuela, which equipped the facilities with crypto terminals, CCN reports.
The partners conducted testing, after which they added the new payment option at 13 restaurants of the chain throughout the country. Venezuelans will have the opportunity to pay with the DASH tokens, which have become popular due to the hyperinflation and depreciation of the bolivar, the national currency. It is stressed that DASH, oriented at users’ privacy, is accepted at more than 2200 retail outlets in Venezuela.
Church’s Chicken also expressed a desire to support this initiative and promised to develop several advertising campaigns to popularize the cryptocurrency among its customers. Orlando Nayas, the head of the Venezuelan branch of the restaurant chain, stated that he hired a group of experts to teach his team how to work with crypto payments.
The franchise has 1700 restaurants in 25 countries around the world. Church’s Chicken has become another fast-food company that has begun accepting tokens in Venezuela. A similar initiative was also supported by a pizzeria Papa John’s and Subway Eatery.
It was previously reported that the local KFC restaurants have added the DASH payment option, but the company’s management denied this information. Antonio Sampayo, the head of the branch in Venezuela, stressed that the companies did discuss the possible testing of the technology, but they did not agree on anything ultimately. He added that the Venezuelan restaurants of the chain will not accept cryptocurrency in the near future.
Besides, authorities began to pay pensions in cryptocurrency in Venezuela.