Burger King said to be launching its own cryptocurrency, the WhopperCoin

https://munchies.vice.com/en_us/article/433qy3/burger-king-is-allegedly-launching-its-own-cryptocurrency

by rmason • 9 years ago

26 9 9 years ago

munchies.vice.com

SKYRHO_• 9 years ago

*face-palm

For those who read only comments: this is only in Russia. And coin will be issued as a reward for buying whoppers, spendable on more whoppers. So, not that different than the "buy ten cups of coffee, get the eleventh free" type loyalty programs that have long existed at some US stores.

cwkoss2• 9 years ago

Is this actually a cryptocurrency? Kind of seems like its just a centralized legder of rewards points - which wouldn't make for a very interesting article.

Can users transfer whoppercoin between each other without hitting BK's servers? Can you mine whoppercoin? Are the coins secured with a private key?

cwkoss2• 9 years ago

Much better article here: http://www.newsbtc.com/2017/08/23/burger-king-russia-launche...

Not a cryptocurrency, but a cryptotoken on the Waves platform.

Seems like:

Can users transfer whoppercoin between each other without hitting BK's servers?

yes

Can you mine whoppercoin?

Are the coins secured with a private key?

Yes

upvotinglurker2• 9 years ago

> Can you mine whoppercoin? No

Unless you count eating lots of whoppers as mining.

cuckcuckspruce• 9 years ago

Cool. When is Canadian Tire going to issue its own cryptocurrency?

omarchowdhury• 9 years ago

Just a marketing gimmick.

honestlyreally• 9 years ago

100%.

Without a novel need,there's zero reason to make your own token simply for payments. That part has been solved.

Why not take payment in ethereum alone instead? The transaction is processed by the exact same miners whether it's a token or not.

woodandsteel• 9 years ago

So if someone hacks into my smartphone, they can steal a thousand hamburgers?

Burger King said to be launching its own cryptocurrency, the WhopperCoin

Related Stories