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Corporations that are interested in cryptocurrencies are attempting to discover the appropriate mix.

Corporations that are interested in cryptocurrencies are attempting to discover the appropriate mix.

Cronje and other developers are creating infrastructure that will allow virtual currency to be used to pay for daily products.

PARIS – KFC, the fast-food restaurant, said four years ago that it would take bitcoin as payment for its "buckets" on its Canadian account.

The chain's tongue-in-cheek ad — "digital tender for chicken tenders" — sold out in an hour, according to AFP, and it hasn't received cryptocurrency payments since, although web sites continue to repeat the notion that KFC "accepts" bitcoin.
Many other corporations, including Tesla and Dell, have attempted to harness crypto payments before abandoning their efforts.

Bitcoin will almost definitely never be feasible for everyday transactions due to its volatile value and the fact that each transaction is costly, energy-intensive, and takes at least half an hour.

"No one is going to walk into a KFC and get a chicken burger and then have to wait 30 minutes for payment," said Andre Cronje, a South African coder and crypto expert.

However, dozens of smaller cryptocurrencies with faster processing times and more stable pricing have emerged in recent years.

According to analysts, the overall market value of cryptocurrencies has now surpassed $2 trillion, with bitcoin accounting for nearly half of that.

Companies are clamouring to join in on the action, and developers like Cronje are laying the groundwork for virtual currency to be used for regular purchases.

However, public support is essential, and businesses appear to be striving to find the right recipe.


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