McDonald’s, Starbucks and others open up to Bitcoin in El Salvador
The image shows in a particularly telling way the small revolution that El Salvador has just experienced: a man filmed himself using Bitcoin to pay for his coffee at Starbucks:
This is to all the critics who said #Bitcoin would never be used to buy coffee. Just paid for mine at Starbucks in #ElSalvador. I just hope this doesn’t become the new 10,000 BTC pizza… pic.twitter.com/JXXGJbKKOG
– Mario Aguiluz (@maguiluz301) September 7, 2021
As you can see, the payment is made in a few seconds, thanks to a QR code. The prices of the drinks are also displayed in Bitcoin at the counter.
Other well-known retailers in El Salvador have unlocked Bitcoin payments since yesterday. A reporter from Bitcoin Magazine tested BTC payments at McDonald‘s. The fast food giant uses the Lightning Network to process transactions, and prints QR codes directly on the receipt:
Just walked into a McDonald’s in San Salvador to see if I could pay for my breakfast with bitcoin, tbh fully expecting to be told no.
But low and behold, they printed a ticket with QR that took me to a webpage with Lightning invoice, and now I’m enjoying my desayuno traditional! pic.twitter.com/NYCkMNbv7U
– Aaron van Wirdum (@AaronvanW) September 7, 2021
Other reports swarmed Twitter: retailers overall opened up to Bitcoin, as they were required by law to do so as of September 7.
Read more – El Salvador officially adopts Bitcoin (BTC) as legaltender
Proof that Bitcoin can be easily integrated?
So despite the hesitation of the people of El Salvador, and the protests that have taken place, Bitcoin does seem to have started to take hold in the country. What this also proves is that large multinationals, who have never particularly expressed interest in crypto-currencies, can quickly find ways to accommodate these new assets.
Critics of cryptocurrencies may have argued that El Salvador was too ” small ” a country to represent a revolution. But if a government was able to offer BTC payment options at every merchant in the country in a matter of months, it shows that cryptocurrencies can become mainstream. So it remains to be seen whether Salvadorans will follow suit by using these new payment options en masse.
Get a recap of crypto news every Sunday And that’s it.
About the author: Marine Debelloir
Deputy Editor-in-Chief on Cryptoast, I fell into the crypto-currency pot a few years ago. I’m passionate about the innovative technologies that come from blockchain and I love digging up the juiciest news to share with you.
All articles by Marine Debelloir.