Bitcoin payments – BOL News Staging

McDonald’s in El Salvador starts accepting Bitcoin payments

September 9, 2021September 8, 2021 by Syed Ahad

McDonald’s in El Salvador is presently accepting cryptocurrency payments via Lightning Network.

After El Salvador accepted bitcoin, BTC as payment is becoming a reality in the country. As the acceptance has opened modern payment options for its citizens.

Aaron van Wirdum a journalist publicized the news after visiting McDonald’s in El Salvador, where he was offered a printed QR code guiding him to an account page on Lightning Network.

Just walked into a McDonald's in San Salvador to see if I could pay for my breakfast with bitcoin, tbh fully expecting to be told no.

But low and behold, they printed a ticket with QR that took me to a webpage with Lightning invoice, and now I'm enjoying my desayuno traditional! pic.twitter.com/NYCkMNbv7U

— Aaron van Wirdum (@AaronvanW) September 7, 2021

Lightning is a layer-two payment protocol planned to create bitcoin transactions more scalable. While BTC has succeeded as an investable asset, its acceptance as a medium of exchange has been partial.

Lightning Network will probably verify invaluable if El Salvador hopes to accomplish the bulk acceptance of Bitcoin payments. Further than instant transactions, however, El Salvador’s Bitcoin strategy could be proven effective by streamlining global payments, growing the wealth of its citizens, and appeal to crypto-focused entrepreneurs of the country.

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In Brazil, Visa is said to be working on integrating Bitcoin payments

September 7, 2021 by Syed Ahad

An executive from Visa Brazil discusses intentions to integrate crypto assets such as Bitcoin into the payments platform.

In the latest interview, Eduardo Abreu, vice president of new business at payments giant Visa, publicized the company’s intent to participate crypto assets onto its platform for equal payments and as a store of value, with the foremost cryptocurrency, Bitcoin (BTC).

In the interview, Abreu shared his certainty that more adoption will need the integration of traditional banking activity in the crypto ecosystem so that clients can transact with sanction and crypto within an equal environment.

There was no exact date of the launch, but it is generally probable in the coming months.

Abreu said, “The great advantage of adopting Bitcoin is, without a doubt, its ease. Without needing to exchange a fiat currency, there is an optimization of exchanges when using Bitcoin,”.

Along with this service, Abreu also recommended the prospect of clients receiving cashback in crypto:

“Brazilians already have the culture of receiving card points, miles, discounts, etc. Why not receive cryptocurrencies with their credit card as well?”

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Argentina employees to receive salaries in Bitcoin (BTC) payments

July 8, 2021 by Syed Ahad

Argentina: A law introduced by Congressman José Luis Ramón will allow companies to pay their employees in Bitcoin (BTC/USD).

According to the proposed bill, the service exporters and other employees will be able to get their salaries and benefits in Bitcoin, either in part or in full.

The law will not be mandatory for everyone, but it will be for those who seek to receive Bitcoin payments.

Ramon says that the main goal of the proposal is to strengthen the economy of Argentina and “preserve the purchasing power of their remuneration.”

The peso, Argentina’s national currency, has been experiencing annual inflation of over 50%.

Furthermore, the government has been developing initiatives to reduce the high rate.

According to Ramon, the current Bitcoin initiative is the result of such needs.

He claims that there is a strong desire to promote greater autonomy without jeopardizing the situation or implying a loss of rights.

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