KFC Canada Now Accepting Bitcoin As Payment

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Canadians anxious about a slump in the price of Bitcoin can use Bitpay to trade in for a bucket of 10 Original Recipe Tenders, Waffle Fries, Med Side, Med Gravy and two Dips for the equivalent of $20.

A professed failure to understand Bitcoin has not deterred KFC Canada from accepting the cryptocurrency as payment for a bucket of fried chicken.

The limited-time marketing move sees the Canada-based chain advertising "The Bitcoin Bucket" complete with a Facebook-based live-tracker of the standing price for the product, which works out to roughly 20 Canadian dollars depending on the exchange rate with bitcoin.

Currently, the Bitcoin Bucket is sold out (unfortunately).

The volatility of Bitcoin prices has also made using the cryptocurrency for purchases a problem because holders of the currency worry about losing out on future potential gains. This doesn't mean that you can just walk into KFC location in Canada and pay with crypto at the cash counter.

Indeed, the company appears to be jumping on the publicity bandwagon surrounding cryptocurrencies.

Bitcoin, the most prominent of over a thousand cryptocurrencies now offered, climbed from around US$1,000 to over US$19,000 a year ago and now trades at around US$14,000. Meanwhile in restaurants and fast food service providers this mode of payment is not much common, however, Subway - a globally renowned fast food restaurant, One Shot Hotels - a Spanish hotels chain and such others are accepting Bitcoin as a mode of payment.