McDonald’s should start accepting Bitcoin.

McDonald’s should start accepting Bitcoin.

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Crypto Community started this petition to McDonalds and

Cryptocurrency is changing the financial landscape in the way we think of, handle and transact with money. You may have heard of Bitcoin, a digital peer to peer payment system that has the same characteristics like cash. 

McDonalds is one of the top leading and most recognizable brand across the globe. We at the Crypto Community FB group are petitioning McDonalds to accept Bitcoin and cryptocurrencies as a form of payment. I will list several crucial and viable reasons why you should.

1.)It is estimated that businesses across the nation as a whole lose 31 billion dollars a year on chargebacks. I’m sure as McDonalds knows that a chargeback is a demand by a credit-card provider for a retailer to make good the loss on a fraudulent or disputed transaction. Like cash transactions which doesn’t deal with chargeback, crypto also allows the spender to sign a transaction to confirm payment similar to willingly handing over cash and once funds are sent it is irreversible. Unlike Debit/Credit cards that can be cloned, Cryptocurrency addresses cannot be cloned.

2.) It can take sometimes up to 10 business days to complete a bank transfer. With Crypto you can move a large amount of money much more quickly and cheaper to do so.

3.)Credit card fees are a pain aren’t they? Credit card fees from Visa, Mastercard or American Express can range from 2-4% which adds up to a lot over time. With most cryptocurrencies you are looking at 0.02% or 1% or less in fees which is a lot cheaper than the credit card companies listed. 

4.) It’s borderless which means you don’t have to worry about integrating payment support for various local currencies. Whether someone pays 0.005 bitcoin which is roughly $6-8 or 0.0005 BTC depending on whatever Bitcoin/local currency ratio is it allows anyone to pay with crypto. 

5.) McDonald’s slogan is I’m loving it. It’s a good slogan and good marketing. Cryptocurrencies have a large passionate following of users and investors. We love nothing more than hearing about a business that accepts cryptocurrency. Accepting Crypto is free marketing if nothing else as we’ll tell others about it. So don’t be surprised if McDonalds finds a new influx of customers going out of their way to support McDonalds decision of accepting cryptocurrency official. 

6.)You may have heard that crypto can be volatile and that’s why you haven’t accepted crypto. There are plenty of businesses that would love to partner with you and help you integrate accepting crypto payments like Bitpay, Coinbase Commerce, Coinpayments.net are a few ways you can accept crypto and immediately convert to USD.

7.)Accepting cryptocurrencies will give those looking for another method to pay a I’m lovin it moment. I know I would. 

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