Burger King to accept crypto in Latin America according to a blog post by Dash. Dash, the leading cryptocurrency for payments and e-commerce, has announced a new milestone in its partnership with Cryptobuyer, the leading platform to buy and sell cryptocurrencies in Latin America. Through the Cryptobuyer platform, Burger King restaurants in Venezuela will now accept Dash payments. Cryptobuyer’s point of sale system has been rolled out as a pilot, initially in Burger King Caracas at the Sambil store, as cryptobuyer and Burger King are aiming to serve all 40 locations nationwide in 2020. This development is the result of receiving significant demand from Dash users and local merchants in Venezuela.
“Dash usage continues growing at a rapid rate in Venezuela, as it provides an alternative that is a more reliable payment method and store of value,” said Ryan Taylor, Dash Core Group CEO. “We are happy to collaborate with Cryptobuyer to keep growing the Dash ecosystem and serve Burger King and its customers.”
This franchise roll-out marks yet another milestone in Dash’s expansion plans in 2019, as Venezuela continues to be a key target market for Dash. Already, around 1,000 verified merchants in Venezuela accept Dash at point of sale.
“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,” said Cryptobuyer CEO Jorge Farias.“Venezuela portraits a mix of situations that make it a perfect ground to deploy real-world cryptocurrency solutions, such as hyperinflation, cash shortages, deteriorated banking and communication infrastructure. The factors,in conjunction with the government’s initiative to use cryptocurrency as a payment method, will push use and adoption of these cutting-edge technologies, and we are really proud to lead this push.”
Burger King has been training its teams and stores during the past weeks and will slowly roll out Dash payments into all stores in Venezuela, with plans to also accept the other cryptocurrencies in Cryptobuyer’s portfolio.
Dash is the leading e-commerce and payments-focused digital currency, and the rising alternative to bitcoin. Experiencing significant growth since its beginnings in 2014, Dash is now accepted at more than 4,000 merchants, including 2,200+ in Venezuela, in addition to being accessible via 400+ ATMs and 120+ exchanges worldwide- making it one of the few offering safe, decentralized financial solutions to real-world problems. Dash offers a form of money that is portable, inexpensive, divisible, and fast. It can be spent easily and instantly online at merchants across the globe, at much lower fees than credit and debit cards. With over 60 members on the team and a unique blockchain mining and treasury model, Dash is the only major self-funded, self-governed organization in the cryptocurrency industry. This allows for constant development and funding for the entire project.
Cryptobuyer is a digital assets connector founded in 2015 providing simple, fast, and robust cryptocurrency solutions. The company bridges the gap between virtual currencies and day-to-day real-world interactions, providing a versatile web platform with more than 50,000 registered users; a crypto Point-of-Sale system that allows any merchant to receive cryptocurrencies as payment without exposing themselves to volatility; and crypto ATMs that can be used by anyone to buy and sell cryptocurrencies without any friction. Cryptobuyer operates from Panama for the rest of South America, and has a long list of top-level strategic alliances as well as the support of various investors including Invictus Capital who are supporting an aggressive expansion plan for Argentina, Mexico, and Central America.