KFC Canada Introduces Online Bitcoin Menu

15. Jan 2018 Posted by Daniel D on News

Mass merchant digital currency adoption is still a long way off in the future, considering that at this time, most stores do not accept crypto payments for products and services. Luckily, many of the ones that do, are big companies which hold the potential to further influence the market in this direction.

For instance, recent reports indicate that Kentucky Fried Chicken, commonly known as KFC, has introduced what they refer to as the Bitcoin Bucket, a menu which can only be purchased via BTC. At this time, the offer is only available in Canada for online orders. Therefore, those who choose to order via the KFC Canada website, can trade $20 Canadian dollars’ worth of BTC for waffle fries, ten chicken tenders, a medium gravy, medium side and dips, purchasable via BitPay.

At this time however, the KFC Bitcoin Menu is showing as sold-out on the website, despite being recently introduced. KFC hasn’t made a comment on this aspect yet, but it is expected that the menu will be reintroduced shortly.

On the other hand, KFC Canada has also made a few publicity stunts, by posting a couple of witty comments, one of which includes: ‘If Satoshi reveals his true identity, his bucket is on us.’

Sources report that KFC is considering the idea of accepting a few more digital currencies, other than bitcoin for their special, crypto-menu. There are no reports on the Yum! Brand considering accepting crypto-based payments in shops in the near future, but the KFC Bitcoin Bucket may just be an experiment towards implementing this payment method in the future.

So far, the effort has not had any effect on the stock price of KFC’s parent company, yet this is likely due to having the offer introduced at a small scale, rather than in all shops, or multiple countries.

Based on everything that has been outlined so far, this could be a move towards seeing a boost in crypto-payment acceptance for the food industry, especially since many of the biggest fast-food brands already accept a wide variety of payment methods.