KFC Canada Partners with Bitpay, Launches Bitcoin Bucket

Mindy Sparks
January 13, 2018

Seems the Far North contingent of the Colonel's original recipe restaurants are now offering The Bitcoin Bucke LTO.

The fast food retailer is selling a bucket of fried chicken for $20 presented in a bitcoin-themed container.

"If you happen to be in Canada, you can now order finger lickin" good food by paying in Bitcoins!

"So, trade your Bitcoins for buckets and invest in something finger lickin' good".

It is important to note KFC Canada now has no plan to accept Bitcoin payments. Whether this is a small step towards widespread acceptance as a payment method or a fun publicity stunt remains to be seen, but for the first time, you can trade your cryptocurrency for some fried chicken. But the chain points out that, in fact, KFC Canada itself is really not sure what bitcoins are.

KFC Canada has said that it doesn't intend to integrate bitcoin as a permanent and long-term payment method for now. The Bitcoin Bucket will be delivered directly to the customer's address (the product also carries a $5 fee), according to the check-out process on its website.

The Bitcoin Bucket can only be purchased for delivery online for home delivery - the deal is a limited time offer. "Put them in a bucket instead".

KFC considers other cryptocurrencies as well and mentions it on Twitter.

To solve the volatility of the cryptocurrency market, the company has pegged the price of a Bitcoin Bucket at $20, which will be converted into fractions of a bitcoin when a purchase is made.

But this Canadian social media LTO promotion was aimed squarely at marketing the chain, rather than making money directly from bitcoin transactions. One user wrote on Twitter: "Goin' to grab a bucket just because of this", another one asked why not to use something less volatile than Bitcoin, somebody else wrote: "Why would anyone want to pay $40 for $20 worth of chicken?" KFC has now become the latest name to join the Bitcoin party, joining a number of eminent names who accept Bitcoin payments such as Microsoft, etc. It has decreased by 1.22%, as compared to the previous day.

Other reports by Iphone Fresh

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