The well-known restaurant chain is reportedly Pizza hut has started accept various cryptocurrencies in all its facilities in Venezuela, one of the countries where crypto payments are particularly advanced compared to other Latin countries.
Pizza Hut accepts not only Bitcoin (BTC) but various crypto assets such as Ethereum (ETH), Dash, Litecoin (LTC), Binance Coin (BNB), Tether (USDT), the DAI stablecoin, and also Cryptobuyer's XPT token.
How will you receive Pizza Hut cryptocurrencies?
In fact, this expansion in the cryptocurrency sector by Pizza Hut was made possible by an intermediary, Cryptobuyer, which is responsible for facilitating communication between consumers and the company that will receive the crypto payment.
It should be noted that in Venezuela the most used service is the Mega Soft service provided by Merchant Server, where the “Cryptobuyer Pay”, Which allows Pizza Hut to integrate this type of cryptographic solution.
Among other things, Cryptobuyer, through the so-called Merchant Server, can accept more than 100 different cryptocurrencies, as it has a partnership with the Japanese exchange Liquid, allowing traders to convert their cryptocurrencies into fiat immediately.
Cryptocurrencies in Venezuela
Unfortunately, the situation in Venezuela is still bad, due to high inflation, but if there had been no cryptocurrencies it would surely have been worse.
Therefore, it is possible to see that Venezuela has found its own lifeline with the blockchain and this has allowed citizens to find a volatile payment system but certainly less than their own bolivar.
Finally, we remember that in this country it is possible to request passports paying in Bitcoin and it is also possible pay gas directly using cryptocurrencies, demonstrating how a system based on cryptocurrencies can work.