Due to the increasing popularity of cryptocurrency different businesses has already recognized its worth and viability in the market.
One of the recent example is the plan of Burger King Russia Franchise to accept Bitcoin, most popular cryptocurrency today, as payment to their business transactions.
According to the regional news outlet, Uznay Vse, a Russian Burger King located in Moscow has begun testing bitcoin payments for food and drink purchases.
Furthermore, the news outfit also said that the option to utilize the decentralized currency at Burger King Russia locations is expected to be rolled out across a few more restaurants in the country by the end of the summer.
Bitcoin in Russia has been growing popular, and the country’s government authorities are expected to officially acknowledge and regulate the cryptocurrency in the near future.
In fact, according to local reports, Dmitri Medovoy, the general director of Burger King Russia says the fast food franchise is looking for a developer to install a bitcoin payment processing software for the restaurant’s cash registers and Burgerking.ru apps.
“The company plans to announce the winner of the tender for development of software that would enable us to accept bitcoins,” details the Russian Burger King’s general director.
“The contractor will have to develop solutions for Burgerking.ru, the mobile apps for Android and iOS, and cash registers on R-keeper,” Medovoy.
Burger King Russia will begin accepting Bitcoin in 2017. This decision was made due to the success of cryptocurrency.
Burger King Russia Franchise Plans to Accept Bitcoin Payments This SummerMedovoy has been determined to make Burger King a “market leader” in Russia by planning for the expansion of more restaurants in the Siberian region.
Currently, the Burger King franchise only has shops in Yekaterinburg, St. Petersburg, and Moscow. Uznay Vse details Burger King Russia accepting bitcoin payments is one the first initial steps towards mainstream merchant services accepting cryptocurrencies in the country.
“Burger King is watching new trends closely, so we decided to launch this project. Cryptocurrency payments are the immediate future,” the general director explains.
The Burger King’s market plan announcement comes after the Deputy Head of Russia’s Ministry of Finance Alexey Moiseev’s recent statements towards introducing regulatory guidelines for cryptocurrency purchases.
As of posting, the central bank of Russia has been working on a proposal to classify bitcoin as a digital asset for tax purposes.
The Russian Burger King will not be the only Burger King brand fast food franchise that accepts bitcoin, as a restaurant in the Dutch city of Arnhem location also accepts the cryptocurrency for food services.