International fast-food chains in El Salvador start accepting Bitcoin
Yesterday was the key day for El Salvador in the legalization of Bitcoin as a means of payment. Already today, local crypto enthusiasts have begun to share stories of what they could buy in the country for the main cryptocurrency on the market.
Naturally, the first "victims" of buying money were international fast-food chains McDonald's, Starbucks, Pizza Hut, and others. One of the community members, journalist @AaronvanW, shared how he managed to pay for his breakfast in Bitcoins. Despite the entry into force of the law, he admitted that at first, he doubted that fast food was so quick to "re-equip" for payment in BTC. However, to his own surprise, he received a check with a QR code and was able to pay on the special Lightning Network payment page.
Overnight, Twitter was literally flooded with posts from Salvadorans and tourists about how they managed to pay for morning coffee, lunches, and other purchases in restaurants. President of the country Nayib Bukele decided not to stand aside, sharing the story of who was among the first recipients of the promised $30 in Bitcoin equivalent.
Using the national crypto wallet Chivo, Jamim Tobias withdrew $30 and decided to spend it on donuts from Mister Donut, and then sell them for 0.75 cents. Thus, he intends to soon make money on the difference and open his own business.
The manager of the Australian division of the Kraken exchange noted that the availability of QR codes simplifies the process of interaction, both on the part of sellers and buyers when buying and selling something for Bitcoins. According to him, this decision became especially relevant after the start of the COVID-19 pandemic. Previously, the use of QR codes on a widespread basis could only be found in Asian countries. In addition, it is many times easier for sellers to attach a paper with a QR code than to install a new vending machine.
Unfortunately, there were also unsuccessful payment attempts. Sometime after his visit to McDonald’s, @AaronvanW spoke of a disappointing experience at the Walmart hypermarket chain. According to him, the store refused to pay him in Bitcoins, as a result of which many community members wondered if this would violate the law.
Earlier, the legal adviser to the president, Javier Argueta, said that businesses that would refuse citizens to accept Bitcoins as payment risk facing certain restrictions. Although Bukele himself said that local business representatives have the right to refuse to use cryptocurrency.
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