Venezuelan Burger King Accepts Payments in 6 Cyrptocurrencies!

3 min reading

The Venezuelan branch of Burger King started cooperating with the Cryptobuyer company and as a result of this, one of the branches located in Caracas began accepting payments via a few popular cryptocurrencies.

Burger King in Caracas accepts as many as 6 types of cryptocurrencies!

Cryptocurrencies are enjoying quite a popularity recently. For this reason, more and more often retailers decide to accept cryptocurrencies in order to gain more interest from their potential customers.

A trend like this is rather noticeable among fast food chains. Some time ago, Burger King located in Ljubljana, Slovenia started accepting payments in Bitcoin Cash (BCH).

And even more positive news is appearing now: the Venezuelan branch of Burger King accepts transactions in six cryptocurrencies! Moreover, for the 2020 an expansion to 40 locations throughout the country is planned.


As the message published by Cryptobuyer on the 30th of December, 2019 informs, the Burger King branch at the Sambil shopping center located in Caracas accepted: Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Binance Coin (BNB Coin), Dash (DASH) and Tether (USDT). All this thanks to the Cryptobuyer company, which provides a platform allowing the conduction of this type of transactions.

Ernesto Contreras proudly announced that thanks to this cooperation, the Venezuelan Burger King restaurant will be supporting cryptocurrency belonging to his company.

"The growth of Cryptobuyer in South America, especially in Venezuela, is another example of how this region is ahead of the curve in adopting cryptocurrency as a real method of payment."

- we read on the Dash blog.

The initiative was also mentioned about by Changpeng Zhao (the CEO of Binance Cryptocurrency Exchange).

Jorge Farias (the CEO of Cryptobuyer), on the other hand, praised South America and Venezuela for its forward-looking approach to cryptography.

A difficult situation in Venezuela

Doubtlessly, Burger King's initiative will enjoy a high interest in Venezuela, considering that the country is still in hyperinflation. Hiperinflation is, in turn, prompting its citizens to use alternatives such as cryptocurrencies.

It is worth noting here, that Venezuela issued its own virtual currency (which, in addition, has oil coverage) called Petro (PTR) which was perceived as hope for the improvement of the economic situation in this country.

According to media, the Venezuelan government is trying to force its citizens to use PTR. The country is not properly prepared for the mass adoption of this cryptocurrency, however. With a population of nearly 32 million people, in Venezuela there are only 4,800 companies actually accepting payments in Petro.

Currency Exchange rate Buy cryptocurrency

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Tokeneo TEO OU. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the tokeneo.com/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is TOKENEO TEO OÜ (an Estonian law limited liability company) with its registered offices in Tallinn (in the province of Harju Maakond), at 19-7K Maakri Street (in the district of Kesklinna Iinnaosa), 10-145 Tallinn, Estonia, registered on 21.12.2018 in the Estonian Business Register under number 14630242, using the EU VAT number: EE102149487.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.