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- Bitcoin is now accepted by McDonald’s in El Salvador as payments
- Salvadorans can buy food from McDonald’s using BTC’s lighting network
- McDonald’s has partnered with OpenNode to integrate such payments solutions
- Many are skeptical whether large firms will integrate such payments options
Bitcoin has shown its true potential to many countries globally. Several nations are planning to adopt the digital asset and make it a legal tender. However, El Salvador has become the first country to legalize Bitcoins in the province. On Tuesday, it is known that the Fast-food giant McDonald’s has begun to receive BTC as payments in El Salvador. On the other side, it is also noteworthy that several are yet skeptical whether large businesses would be able to integrate BTC payments solutions. Hence, by that time the law significantly specified that businesses in the country must accept BTC.
Another milestone of growing Bitcoin community
To the astonishment of many BTC devotees, McDonald’s in El Salvador can and will now accept the crypto coin as payment. The Fast-Food firm has managed to blend OpenNode lightning payments into its services. Hence, anyone in El Salvador can buy food from McDonald’s using BTC’s lighting network. Individuals just require to scan a paper receipt having a QR code from their mobile devices.
Chivo app will distribute $30 among Salvadorans
McDonald’s has partnered with OpenNode to integrate such payments solutions. Following the integration, Julie Landrum, the Head of Growth for OpenNode, addressed that they are excited to work with McDonald’s. Both the firms will now boost the adoption of the nation’s Bitcoin Law as an operational success.
Additionally, she cited that it’s just a tremendous opportunity to illustrate the capability of the Lightning Network for usual high volume, low-value purchases at the most distinguished and thriving Fast-food chain in the world.
The partnership has delivered a payment solution rapidly. The BTC native Chivo app downloads in El Salvador. However, the application is temporarily inaccessible due to a storm in demand. Salvadorans in the country have or will soon be able to use $30 worth of BTC allotted to them through the application.
Many are still speculating BTC adoption
El Salvador’s doctrine stipulates clearly, all the firms and businesses in the region should accept BTC. However, still many are skeptical whether large firms will integrate such payments options. Speculations have been spreading since the time the ordinance went into effect.
Many Bitcoin proponents are still marveling at whether and to what magnitude the BTC payment solutions will be employed by these giant firms outside of El Salvador. However, It seems improbable that these firms would resume empowering exceptional payment technology solutions only within the country while shirking to deliver services that enable civilization to pay in BTC back home in the United States and other nations.
It is eventually to be assessed whether other major American firms in the region, like Nike and Walmart, will also encourage Bitcoin payments.
