According to the regional news outlet, Uznay Vse, a Russian Burger King located in Moscow has begun testing bitcoin payments for food and drink purchases. The option to use the decentralized currency at Burger King Russia locations is expected to be rolled out across a few more restaurants in the country by the end of the summer.
Russian Burger King Looks to Integrate Bitcoin for Food and Drink Purchases
Bitcoin in Russia has been growing popular, and the country’s government authorities are expected to officially acknowledge and regulate the cryptocurrency in the near future. Now according to reports, Dmitri Medovoy, the general director of Burger King Russia says the fast food franchise is looking for a developer to install a bitcoin payment processing software for the restaurant’s cash registers and Burgerking.ru apps.
“The company plans to announce the winner of the tender for development of software that would enable us to accept bitcoins,” details the Russian Burger King’s general director. “The contractor will have to develop solutions for Burgerking.ru, the mobile apps for Android and iOS, and cash registers on R-keeper,”
Burger King Russia will begin accepting Bitcoin in 2017. This decision was made due to the success of cryptocurrency.
Burger King Russia Watching New Trends Closely
Medovoy has been determined to make Burger King a “market leader” in Russia by planning for the expansion of more restaurants in the Siberian region. Currently, the Burger King franchise only has shops in Yekaterinburg, St. Petersburg, and Moscow. Uznay Vse details Burger King Russia accepting bitcoin payments is one the first initial steps towards mainstream merchant services accepting cryptocurrencies in the country.
“Burger King is watching new trends closely, so we decided to launch this project. Cryptocurrency payments are the immediate future,” Medovoy explains.
The main difficulty – tax issues, rather than integration.
Russian Officials Favoring Cryptocurrency Regulation
The Burger King announcement follows the Deputy Head of Russia’s Ministry of Finance Alexey Moiseev’s recent statements towards introducing regulatory guidelines for cryptocurrency purchases. Additionally, the central bank of Russia has been working on a proposal to classify bitcoin as a digital asset for tax purposes. The Russian Burger King will not be the only Burger King brand fast food franchise that accepts bitcoin, as a restaurant in the Dutch city of Arnhem location also accepts the cryptocurrency for food services.