McDonald's Might Start Accepting Bitcoin

[FSP-Rebel]

There are many rumors being spread regarding McDonald’s possibly accepting bitcoin soon. The reason speculation is so high is due to their announcement of accepting a new digital currency soon. They entertained a variety of questions through twitter, and the response was particularly interesting when asked if it was bitcoin. The tweet towards McDonald’s was as follows:

“So @McDonalds is going to start accepting a random type currency soon.. I wonder it its $btc #bitcoin”

The response given was:

“We don’t want to ruin the surprise! Hang in there, we promise it’s worth the wait!”

More...http://bitcoinist.net/mcdonalds-might-start-accepting-bitcoin-soon/

 

[kpitcher]

Do they accept apple pay or google wallet? While I'd love to see some McBitcoin accepted if I had to bet on it I'd think it was a smartphone app from one of those two.

 

[brandon]

I couldn't imagine a single thing theyd gain from accepting bitcoin.

 

[Chester Copperpot]

they probably are going to create their own McCoin.

 

[VIDEODROME]

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[dannno]

I couldn't imagine a single thing theyd gain from accepting bitcoin.

Well they probably don't like the high transaction fees on their cheap food.

 

[amy31416]

they probably are going to create their own McCoin.

And you mine by eating cheeseburgers?

 

[PaulConventionWV]

I couldn't imagine a single thing theyd gain from accepting bitcoin.

Gotta keep up with Subway somehow.

 

[squarepusher]

I couldn't imagine a single thing theyd gain from accepting bitcoin.

capture neckbeard market share?

 

[brandon]

Well they probably don't like the high transaction fees on their cheap food.

A company as big as McDonalds has negotiated special rates on transaction fees that are lower than normal. I don't think there's a bit coin transaction processor even big enough to handle McDonalds let alone compete with visas rate.

 

[brandon]

Also could you imagine waiting 20 minutes for your mcdouble while your transaction cleared?

 

[staerker]

Also could you imagine waiting 20 minutes for your mcdouble while your transaction cleared?

Simply check their balance before creating the transaction.

I realize that they may move the coins before the transaction gets confirmed, but on extremely small transactions?

The paranoia is equivalent to marking every $1 bill that you accept.

 

[staerker]

Though the best solution to that problem is a multisig address. A McDonald's "account" in your wallet.

 

[brandon]

The paranoia is equivalent to marking every $1 bill that you accept.

Sorry don't see that at all. The level of paranoia of waiting for a transaction to occur is the same thing that they do when they swipe your credit card. Could you imagine if they just wrote down everyones credit card numbers and trusted they were valid, then tried charging them all at the end of the day.

 

[amonasro]

Also could you imagine waiting 20 minutes for your mcdouble while your transaction cleared?

Everything I buy, where the merchant uses Bitpay, requires 0 wait. It is instant.

 

[staerker]

Sorry don't see that at all. The level of paranoia of waiting for a transaction to occur is the same thing that they do when they swipe your credit card. Could you imagine if they just wrote down everyones credit card numbers and trusted they were valid, then tried charging them all at the end of the day.

Like I said above, I think the best solution to the problem is a multisig address, an address that requires two users to create the transaction. It would work like a preloadable gift card.

That way they have a full history of created transactions for that address, and don't need an official confirmation at the moment of the sale.

 

[tommassi]

and soon also leocoin in UK!

http://www.buy-leocoin.org/news/dan-andersson-and-atif-kamran-meet-with-nick-clegg

 

[helmuth_hubener]

Do they accept apple pay?

Yes.

 

[RonPaulIsGreat]

0 confirms aren't as bad as people make them out to be.

1. 99.9% of people will never even attempt to double spend their bitcoin.
2. The 0.1% that might are almost certainly not going to bother at Mcdonalds.

I mean seriously. The transaction will be transmitted on the network, their bitcoin "Provider" will be checking for anomalous activity on the transaction.
They will still have you on camera, if you tried to buy 200 dollars worth of Chicken McNuggets and make a run for it.

I mean I could snatch a candy bar from the convenience store, but it's not worth the trouble. Same as Mcdonalds.

 

[Suzanimal]

McDonald’s Super Bowl commercial will unveil a very unique way for customers to pay

McDonald’s continues its march into the 21st century. After making inroads with payment methods like PayPal and Apple Pay, Ronald McDonald’s digs may now accept payment in selfies and hugs.

Business Insider reports that starting Feb. 2 — and lasting through Valentine’s Day — some customers will be able to pay with various forms of family-friendly physical appreciation, including hugs, high fives and selfies. The “Pay with Lovin'” opportunity will be available to random customers who order during certain times of day. It’ll be officially unveiled during the chain’s Super Bowl commercial.

Prefer to give fistbumps? That’s cool. It might not get you a break on your Big Mac, though.

Read more at http://rare.us/story/mcdonalds-supe...way-for-customers-to-pay/#yOhcPFByJqCRVeyA.99