How Litecoin Will Transform The Fast Food Industry

Published 5 years ago on September 19, 2018

How Litecoin Will Transform The Fast Food Industry

We all dream of the day that we see cryptocurrency accepted in our favourite fast food chains, but actually, I think the fast food chains are probably more excited than we are. Cryptocurrencies like Litecoin have the capacity to totally change the fast food industry and I genuinely believe that fast food hospitality will be one of the first industries that will truly adopt cryptocurrency. Why Litecoin? Litecoin is light, fast, easy to transact and easy to manage, therefore itâ€™s a fitting coin to â€˜imagineâ€™ in this fast food crypto society. Moreover, campaigns like #PayWithLitecoin make Litecoin adoption more imaginable. In essence, Litecoin is easy to adopt and itâ€™s something people are already adopting, therefore at the very least, Litecoin gives us a good benchmark to work by. Fast food needs to be one thing, fast. The acceptance of cryptocurrency is one thing that can help make fast food even faster, by improving the way we make payments. By accepting Litecoin payments, fast food companies are able to settle payments faster and more fairly. Fast food needs to be fast because it is a convenience. Paying with cash is notoriously inconvenient, paying with card isnâ€™t much better. Therefore Litecoin has the potential to really transform this industry, as do other cryptocurrencies of course. But, thereâ€™s moreâ€¦ Fast food restaurants tend to operate in franchises as a part of chains. Look as McDonalds, Burger King, Subway, all internationally known brands that could realistically roll out Litecoin acceptance in their restaurants in a matter of weeks. Moreover, as internationally known brands, Litecoin integration would also give these companies the chance to explore new loyalty schemes. By using Litecoin, new payment data could be collected that in turn could tailor special offers and incentives to customers who use the service a lot. Cryptocurrency promises to make fast food faster, promises to improve customer experience and promises to revolutionise the fast food industry.

Adrian Barkley

Adrian is an avid reader who first stumbled across Crypto after reading 'The Basics of Bitcoins and Blockchains' by Antony Lewis in 2018. Since then, Adrian has immersed himself within the industry, and has a real interest in Enterprise Blockchain solutions.