Cash, Credit or Bitcoin?

No need to pull out the credit card or dip into the savings account for your meals, KFC is now accepting Bitcoin as payment. 


According to an article published on Value Walk,  you can now use your Bitcoin at KFC. Whether this is a small step towards widespread acceptance as a payment method or a fun publicity stunt remains to be seen, but for the first time, you can trade your cryptocurrency for some fried chicken.


The Bitcoin Bucket deal is currently only available on the Canadian website, but if you’re interested in using some of your hard-earned currency on a tasty meal, you can trade $20 CAD worth of bitcoin at KFC for a bucket of chicken.


The Bitcoin Bucket includes 10 chicken tenders, waffle fries, gravy, a side, and two dips. It’s a decent deal for $20, but whether it makes sense to spend your cryptocurrency on a bucket of chicken is up for debate. Currently, transferring Bitcoin is prohibitively expensive, and using your Bitcoin at KFC may turn a $20 purchase into $50 with current fees. While it may not make financial sense, it’s one of the few real-world applications for the volatile investment and may be one of the first steps towards widespread use of these currency newcomers.


KFC Canada’s site urges users to give the deal a try, stating that “despite the ups and downs of Bitcoin, the Colonel’s Original Recipe is as good as always…So, trade your Bitcoins for buckets and invest in something finger lickin’ good.”


Story Credit: Value Walk

Photo Credit: Flickr



Posted in All Stories, Stokley Peters Tagged with: , , , , , ,

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