Economy

KFC Canada Is Accepting Bitcoin For Fried Chicken

KFC Canada Is Accepting Bitcoin For Fried Chicken

KFC Canada has started offering "The Bitcoin Bucket" which is a bucket full of fried chicken pieces cost around 27 Canadian dollars. KFC Canada announced "The Bitcoin Bucket' earlier today, priced at $20".

KFC in Canada joins numerous outlets and retailers, testing the cryptocurrency as a method of payment, including stores in South Africa. "Despite the ups and downs of bitcoin, the Colonel's Original Recipe is as good as always. So, trade your Bitcoins for buckets and invest in something finger lickin' good".

That said, you can't exactly walk into a KFC location in Canada and pay with crypto at the cash register. It appears as if KFC Canada is running this Bitcoin payments promotion only for this week.

Motherboard's Jordan Pearson wrote that whilst KFC's decision to adopt Bitcoin as a payment method "might seem surprising", the company "has been looking for ways to flip buzzy tech into a viral hit recently", such as training employees with a virtual reality game.

Customers will be able to pay for the fried chicken buckets using BitPay's payment processing service.

Also the company points out that the trading time of the Bitcoin Bucket is limited.

More news: Alabama to get $1.6-bn Mazda Toyota JV plant

In one post on Twitter, the rep commandeering the KFC Canada account suggested that the company may accept other cryptocurrencies as well.

The marketing ploy was accompanied by a Facebook live video featuring bitcoin prices and bitcoin-themed jokes, such as "Trade your digital tender for chocken tenders", "It's the $20 bucket, but more futuristic and a little confusing", "Bitcoin is down".

Others noted the cost of the bucket would come out to about $40 due to a $20 transaction fee.

But this Canadian social media LTO promotion was aimed squarely at marketing the chain, rather than making money directly from bitcoin transactions.

The Bitcoin Bucket deal is now only available on the Canadian website, but if you're interested in using some of your hard-earned currency on a tasty meal, you can trade $20 CAD worth of bitcoin at KFC for a bucket of chicken. We are now seeing bitcoin become mainstream.


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