Pizza Hut has begun accepting cryptocurrency as a form of payment in Venezuela. In an announcement, digital assets firm CryptoBuyer said it has become the food chain’s payments partner in Venezuela where customers can place orders with bitcoin, dash and CryptoBuyer’s own token, XPT.
CryptoBuyer has been operating in Latin America since 2015 as a point-of-sale and cryptocurrency ATM service provider. With Venezuela suffering from hyperinflation, there seems to be rising potential to adopt cryptocurrency as an alternative method of payment.
“Today Pizza Hut is trying to go hand in hand with technological innovation, using what technology offers … to be able to maintain ourselves and evolve in the market,” said Richard Elkhouri, CEO of Pizza Hut in Venezuela.