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McDonald’s, Pizza Hut, Fast Food Chains In El Salvador Adopt Bitcoin Standard, Will They Hold?

McDonald’s, Pizza Hut, Fast Food Chains In El Salvador Adopt Bitcoin Standard, Will They Hold? WikiBit 2021-09-08 11:42

Van Wirdum paid with Bitcoin in a McDonald‘s in El Salvador. The reporter expected that the infrastructure wouldn’t be ready from day 1 but was positively surprised to witness that he was mistaken.

September 7th, 2021 will go down in history as the first day in history when a station nation adopted Bitcoin as legal tender. As Bitcoin has been covering over the past week, El Salvador rollout its BTC Law.

The measure has seen a lot of criticism, and opposition from other countries, financial institutions, and a portion of the population. Some claimed that its approval and implementation occurred too fast.

Therefore, people and businesses in the country will lack the proper tools to accept it as a medium of exchange. Others argued that in Latin America things must be done quickly or they risk not being done at all.

At the moment, events seem to favor those who think the latter as Bitcoin users from around the world have gone to verify the implementation of this historic law in the Central American country. Journalist Aaron Van Wirdum reported that he was able to make a successful purchase using the Lightning Network.

Van Wirdum paid with Bitcoin in a McDonald‘s in El Salvador. The reporter expected that the infrastructure wouldn’t be ready from day 1 but was positively surprised to witness that he was mistaken.

The president of El Salvador Nayib Bukele became a reporter himself. As people in the country started activating their BTC wallets, called “Chivo”, Bukele informed the population on issues, and about the big companies that also integrated Bitcoin into their payment platforms.

In addition to McDonalds, Bukele invited his citizens to Pizza Hut, the popular Pizza restaurant. At the same time, the President shared a tutorial on how to use the Chivo wallet and announced when the country bought more BTC.

Similar reports have come from users in Starbuck where BTC payments take only a few seconds and other major foods chains in the country.

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