KFC Canada Introduces “Finger-Lickin' Good” Bitcoin Buckets
KFC Canada began a campaign to allow its customers to pay for special meal buckets in Bitcoin.
Although there are stores that accept Bitcoin for purchases, it’s pretty rare to see a major establishment choose to accept the cryptocurrency.
KFC Canada decided to smash the ice with a new offer—a “Bitcoin bucket”.
The meal bucket includes 10 chicken tenders, waffle fries, a medium side dish, gravy and two dipping sauces. Its value? Roughly 20 Canadian dollars.
KFC Canada presents The #Bitcoin Bucket. Sure, we don’t know exactly what Bitcoins are, or how they work, but that shouldn’t come between you and some finger lickin’ good chicken. https://t.co/2OKuCHk5Hb pic.twitter.com/UwaduB8toi— KFC Canada (@kfc_canada) January 11, 2018
The product is only available for home delivery since customers cannot pay using Bitcoin at the restaurant’s point of sale counters.
Anyone wishing to purchase a Bitcoin Bucket will have to do so through the site, which conveniently includes a BitPay portal for this purpose.
This presents a bit of an issue to customers because BitPay’s minimum transaction limit was raised to $100 in the latter half of last month.
“With current Bitcoin network conditions, transactions sent without large miner fees are at high risk of significant payment delays or payment failures. Bitcoin payments under $100 are quickly becoming impractical for users to send and for BitPay to process,” the Bitcoin payment processor said in its blog.
We have our doubts that many people hopped on the chance to make a $20 purchase since the average transaction fee right now is roughly 50 percent larger than the cost of a Bitcoin Bucket.
Other eating establishments have opted to create their own cryptocurrencies to work with their rewards programs instead of selling their products for Bitcoin.
Last week, Hooters’ parent company announced that it will start a blockchain-powered rewards program that issues its own cryptocurrency.
The moment they made that announcement, the company’s stock price jumped from $2.57 to $4.29 per share.
KFC’s Bitcoin Buckets offer will be valid for a limited amount of time, perhaps because of the transaction fee issue.