Pizza Hut in now accepting cryptocurrency as a payment option, but there is a catch. To take advantage of this offer, you would have to travel to Venezuela.
As one of the oldest pizza chains in the country, Pizza Hut will now allow its Venezuelan customers to pay for their purchases using Bitcoin and other cryptocurrencies.
Pizza Hut Partners With Cryptobuyer To Enable Crypto Payments
The acceptance of crypto payments by Pizza Hut is a result of their partnership with Cryptobuyer, a Latin American crypto payments processor that has become very popular in the promotion of cryptocurrency adoption in Venezuela. The crypto startup also promoted cryptocurrencies by launching the first Bitcoin satellite node in Venezuela. They have installed Bitcoin ATMs and partnered with top businesses in the country.
Besides, the pizza chain is one of the companies that have partnered with Cryptobuyer to accept cryptocurrencies. In this way, Pizza Hut aims to boost their finances. As a result of its partnership with Cryptobuyer, Pizza Hut will be able to accept crypto payments in the following currencies: Bitcoin (BTC), Ether (ETH), Dash (DASH), Litecoin (LTC), Binance coin (BNB), Tether (USDT), Binance USD (BUSD), Dai (DAI), and XTP, Cryptobuyer’s native token.
Interestingly, this new decision has been put into effect across all Pizza Hut locations in Venezuela: Barquisimeto, Caracas, Maracay, and Maracaibo.
Venezuela Experiences Increase in Crypto Adoption
While speaking to a local news site El Axioma, Richard ElKhouri, CEO of Pizza Hut Venezuela, pointed out that the restaurant chain has always been looking forward to taking advantage of the increasing growth in crypto adoption.
“Today Pizza Hut is trying to go hand in hand with technological innovation, with the support of what technology offers every day to be able to maintain us and be able to evolve in the market,” he said.
He added, “Thanks to our consumers, the suggestions they offer us and that direct contact that we have with them, we have made alliances with Delivery, with large companies such as Coca-Cola and today it is being managed as an ease of payment to the customer alliances with Cryptobuyer, in the incorporation of platforms and their technological advice for the management of the consumer towards consumption within the store.”
Besides Pizza Hut, other businesses in Venezuela have also adopted cryptocurrencies into their payment methods. One of such businesses is Traki, the biggest department store in Venezuela. This firm was also the first supermarket to accept payments in Petro, Venezuela’s official cryptocurrency.
Before now, The National Superintendency of Securities of Venezuela authorized the operation of a decentralized (DeFi) electronic exchange known as BDVE. This pilot program was touted as the “world’s first decentralized stock exchange.”
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