Russian Burger King has launches its own cryptocurrency known as Whoppercoin using Waves Platform during this mounth. The move confirmed that the usage of cryptocurrencies in Russia keeps growing as the fast food gaint organization introduced its plan in accepting Bitcoin as a way of payment. Based totally on a local report, the chain fast food restaurant has issued 1000000000 tokens on the platform.
The motive of the issuance isn’t yet very clear. One opportunity is that the Russian Burger King as a method to pay or monetize the loyalty points earned by its clients might utilize the virtual money. As an example, clients could scan their receipts by the usage of the Burger King application and obtain the tokens in exchange.
After years of rejecting Blockchain and cryptocurrencies, the Russian authorities has currently released main projects to embrace them. Amongst these is the drafting of policies that will recognize and permit the usage of cryptocurrencies in the country’s economic system.
Seeing the advantageous actions by the authorities on cryptocurrencies and Blockchain, an increasing quantity of businesses in Russia are adopting the blockchain technlogy for their operations. With the move of Burger King to release its own virtual token, it is anticipated that numerous organizations will soon follow in shape. With the launching of the Burger King Russia token, different Burger King Restaurants in the world should issue their own cryptocurrency tokens if the new Whoppercoin is effective.