No, KFC does not accept Dogecoin payments – Yum! Brands (YUM) – fr

No, KFC does not accept Dogecoin payments – Yum! Brands (YUM) – fr

Miam! Brands, Inc (NYSE: YUM) KFC Canada subsidiary said on social media Wednesday that it accepts Dogecoin (DOGE) in response to a customer request, but the restaurateur wasn’t really serious about it.

What happened: Early Wednesday, KFC tweeted that it was accepting DOGE after a customer wondered if he could pay with cryptocurrency.

See also: How to buy Dogecoin (DOGE)

KFC’s response was captured as a screenshot and posted to the Reddit forum r / dogecoin by a user with the handle u / AaronGagnon_1983.

Screenshot of r / Dogecoin – A Reddit Forum

A check on the KFC Canada website revealed that, at the time of publication, the only means of payment for online orders are by credit card. Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google affiliate payment application.

the tweeter has since been deleted.

Yum! Shares of Brands rose 3.22% to $ 124.99 in the after-hours session on Wednesday after closing 1.44% higher at $ 121.09 in the regular session.

Why is this important: This is not KFC Canada’s first encounter with cryptocurrency. In 2018, the company launched the “Bitcoin Bucket” in a tongue-in-cheek campaign. DOGE’s current tweet also appears to have been written in the same spirit.

KFC came under criticism last year after it allegedly displayed sexism in an advertisement in Australia, which was followed by the company which issued an apology that earned it further criticism.

DOGE has soared 13,529.56% since the start of 2021. At press time, the cryptocurrency was trading 9.95% to $ 0.60.

See also: Dogecoin Rally A ‘Middle Finger’ to System, Says Bitcoin Bull Novogratz

Meanwhile, the apex cryptocurrency Bitcoin (BTC) was up 4.33% to $ 57,211.87.

The Shiba Inu-themed cryptocurrency has caught the attention of investors on social media, but has also found some love in business and team sports.

Conagra brands (NYSE: CAG) used “Doge Day” to popularize their Slim Jim snacks. The cryptocurrency has also found support from candy bar maker Snickers and Milky Way Mars Inc.

Read more: A company capitalizes on GameStop, Dogecoin Mania to sell … noodles

© 2021 Benzinga does not provide investment advice. All rights reserved.


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