The chief executive officer of KFC Venezuela, Antonio Sampayo, has denied a recent announcement that it'll begin accepting major altcoin Dash (DASH), Spanish language crypto media Criptonoticias reports Tuesday, Dec. 10.

Sampayo explained that KFC had mentioned a crypto-related test with Dash, however the contract has not yet been finalized. He additionally said that process payments with Dash “is not a truth, nor has the publication of any news regarding it been licensed.”

On Friday, Dec. 7, the PR and media director at DashNews Mark Mason announce a tweet stating that KFC Venezuela would begin accepting Dash payments the subsequent week.

The video hooked up to the tweet said that the country’s capital Caracas are the primary town to check a crypto-powered payment system in one among its biggest KFC restaurants with 24 different KFC locations across the country to follow.

According to the announcement, over a pair of,400 merchants in Venezuela settle for Dash, together with alternative major fast-food chains like Subway and papa John’s. Per a recent report from Forbes, Alejandro Echeverría, a co-founder of Dash facilitate, Dash merchant Venezuela and Dash Text, Venezuelans use Dash as a result of it provides a simple technique of completing payments. He additionally expressed that the cryptocurrency was primarily utilized by small family businesses before spreading to greater companies.

In August, CEO of Dash core Ryan Taylor disclosed that Venezuela had become the second largest marketplace for Dash, with nearly 100 merchants acceptive the cryptocurrency every week.

In early 2018, KFC Canada featured a brand new menu item dubbed “Bitcoin Bucket,” that might be bought exclusively with Bitcoin (BTC).

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