The CEO of KFC Venezuela, Antonio Sampayo, has denied a recent announcement that it will start accepting major altcoin Dash, Spanish language crypto media Criptonoticias reports Monday, Dec. 10.Sampayo explained that KFC had discussed a crypto-related test with Dash, but the contract has not yet been finalized.
He also said that processing payments with Dash "Is not a fact, nor has the publication of any news about it been authorized."
On Friday, Dec. 7, the PR and media director at DashNews Mark Mason posted a tweet stating that KFC Venezuela would start accepting Dash payments the following week.
The video attached to the tweet said that the country's capital Caracas will be the first city to test a crypto-powered payment system in one of its biggest KFC restaurants with 24 other KFC locations across the country to follow.
According to the announcement, more than 2,400 merchants in Venezuela accept Dash, including other major fast-food chains like Subway and Papa John's.
Per a recent report from Forbes, Alejandro Echeverría, a co-founder of Dash Help, Dash Merchant Venezuela and Dash Text, Venezuelans use Dash because it provides an easy method of completing payments.
He also stated that the cryptocurrency was mainly used by small family businesses before spreading to bigger firms.
In August, CEO of Dash Core Group Ryan Taylor revealed that Venezuela had become the second largest market for Dash, with almost one hundred merchants accepting the cryptocurrency each week.
In early 2018, KFC Canada featured a new menu item dubbed "Bitcoin Bucket," which could be bought exclusively with Bitcoin.
KFC Venezuela Denies Accepting Dash Payments
Published on Dec 12, 2018
by Cointele | Published on Coinage
Prominent Investor Thinks Bitcoin Will Hit $1 Trillion Valuation in Next Bull Market
Chris Burniske-former crypto lead at ARK Invest and a partner at Placeholder, a crypto venture capital partnership based in New York with $150 million in capital under management-believes the market cap of bitcoin will surpass $1 trillion during the next bull market.
Craig Wright Continues to Chase His Critics as Major Crypto Platforms Boycott His Cryptocurrency, BSV
One of the world's largest cryptocurrencies, decided to delist BSV amid Wright's campaign to deanonymize one of his critics, other major platforms - including ShapeShift and Kraken - followed suit.
Bitcoin Holds Over $5,300 as Top Altcoins See Mixed Signals
Saturday, April 20 - most of the top 20 cryptocurrencies are reporting slight gains and losses capped under 2% on the day to press time.
There's a new 'Coinbase effect'-the Binance Chain pump
Since its launch, Binance Chain has attracted coins away from competitors, pumping the value of coins that switch.