The Return Of McBitcoin, Why McDonalds In Korea Could Soon Accept Bitcoin

Speculation surrounding McDonald’s and Bitcoin has been rife for some time now. With the food industry proving to be tricky to break into for cryptocurrencies, this latest news does suggest that finally, a number of very big fast food companies, including McDonalds could be given access to new point of sale blockchain technologies, technologies that could in turn see Bitcoin adoption, go further than ever. Now I must note that this is speculation based, however, some conclusions are starting to add up. Draw lines in the correct places and you can see why this might be a realistic prospect after all. According to a press release on PRNewswire, blockchain technology firm Pundi X have signed a Memorandum of Understanding with the American Chamber of Commerce (AMCHAM), a group with a vast array of around 1,800 members. Such members include giant firms such as Aston Martin and indeed, McDonalds. According to PRNewswire:

“Pundi X is a multi-cryptocurrency point-of-sale ("POS") solutions provider for retail stores seeking to accept digital currencies in the world. Pundi X POS enables shops, cafes and convenience stores to facilitate cryptocurrency transaction for the average consumers.” 

Moreover:

“The collaboration, between AMCHAM and Pundi X, the world's leading provider point of sale solutions allowing retail stores to conduct blockchain-based transactions in multiple cryptocurrencies, was announced by Pundi X's advisor in Korea.”

 “Korea is one of four countries to which Pundi X will next month beginning shipping pre-orders for its new XPOS device, which carries support for credit and debit card payments as well as multiple cryptocurrency transactions.”

See the full press release, for yourself, here- https://www.prnewswire.com/news-releases/pundi-x-and-american-chamber-of-commerce-korea-introduce-cryptocurrency-payment-solutions-for-mainstream-adoption-300655622.html What does all of this mean? Within this partnership, though no legal-binding exists, Pundi X will work with AMCHAM to offer blockchain based, point of sale solutions to a number of AMCHAM’s members. Starting in South Korea and then, expanding into the rest of the world. With four countries already on the radar, we can only expect more and more to crop up as this partnership starts to materialise. With AMCHAM containing such high-profile members, we must consider the true implications of this. Indeed, this really could see the likes of McDonalds begin to accept cryptocurrency payments. If this is rolled out in South Korea and is seen as a success, then we can only see this continue through the rest of the world. Now that, is something to get excited about. For now, we will see how Pundi X and AMCHAM really mature within this relationship. Things are looking good here though, perhaps this is the first step towards real cryptocurrency adoption within the global food industry.