Pizza Hut Venezuela Now Accepts Crypto Payments
- The service is made possible by a partnership with CryptoBuyer.
- Accepted cryptocurrencies are BTC, DASH, and CryptoBuyer’s XPT.
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Venezuelan citizens can now use cryptocurrency to make purchases across all establishments of the famous franchise Pizza Hut, crypto services firm CryptoBuyer said on Twitter on Friday.
According to the announcement, Pizza Hut will now be able to accept cryptocurrency in its Venezuelan stores thanks to its partnership with CryptoBuyer, which became the payments partner of the restaurant in the country. The Twitter announcement was later confirmed by the CEO of Pizza Hut Venezuela, Richard Elkhouri, who told local news outlet El Axioma:
“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 ourselves and evolve in the market. It is important that we accommodate young people, modern adults, and people technologically knowledgeable.”
Customers in the pizza chain will now have the option to pay for their food and drinks using one of the three supported cryptocurrencies, namely BTC, DASH, and CryptoBuyer’s native token XPT. While it’s not available everywhere across the country, Pizza Hut has restaurants established in the cities of Caracas, Maracay, Maracaibo and Barquisimeto.
This is not the first time that CryptoBuyer has expanded its crypto reach within the South American nation this year. Back in May, the firm partnered with Venezuelan company Mega Soft, which enabled it to facilitated crypto payments across 20,000 shops and businesses in the country.
- While Venezuelans can now legally engage in cryptocurrency mining, the government has imposed strict regulations over the industry.
- Any local entity wishing to mine cryptocurrency must apply for a license and be listed on a government register.
Current Venezuelan President Nicolás Maduro, chairs a joint meeting where representatives of 19 countries express their support to the people of Venezuela in the face of constant media attacks on health and investiture of then-President Hugo Chávez. Miraflores Press
- It remains unknown why ISPs in the country decided to add these particular platforms to a DNS blacklist.
- The last time Venezuela restricted access to cryptocurrency exchanges, the government was targeting platform that exchanged the local currency for alternative assets.
- Socialist policies have destroyed Venezuela, despite the country having the largest oil reserve in the world.
- As hyperinflation made the Venezuelan Bolivar useless, troubled citizens turn to other currencies, including cryptocurrency, as a way to preserve their wealth.