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WhopperCoin by Burger King

WhopperCoin by Burger King

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These virtual coin transactions will be powered by Ethereum rival waves' distributed ledger network.In a Blockchain platform users issue and transfer custom Blockchain tokens and trading is done on an integrated peer-to-peer exchange.

Burger king has launched ‘Whoppercoin’ in Russia thus announcing restaurant chain’s arrival in Cryptocurrency market. Whoppercoin is a virtual coin which is given to the customers with the purchase of the famous Whopper sandwich. Customers receive these Whoppercoin tokens via digital wallet.

Bitcoin traders in Russia have faced strong criticism with reports saying that users could even be imprisoned under the proposed legislation.

Igor Shuvalov, Russia’s first Deputy Prime Minister has shown support for cryptocurrencies. Russian media organization RBC has reported him saying "I am a supporter, a cryptoround must exist.’’

WhopperCoin transactions

These virtual coin transactions will be powered by Ethereum rival waves' distributed ledger network.In a Blockchain platform users issue and transfer custom Blockchain tokens and trading is done on an integrated peer-to-peer exchange.

In a Blockchain ledger, transactions cannot be altered. This technology can altogether change processes from financial trades to ‘'smart'' contracts.

Addressing press on Friday, waves said that on a purchase of each Whopper the tokens would be rewarded to customers and once they have enough tokens they can buy burgers in exchange. Trading of these tokens online is also an option with the customers. These coins could either be saved or could be sold to new buyers.

Ivan Shestov, head of external communications at Burger King Russia said, "Now Whopper is not the only burger that people in 90 different countries love-it's an investment tool as well".

"According to the forecasts, cryptocurrency will increase exponentially in value. Eating Whoppers now is a strategy for financial prosperity tomorrow.’’

An app for digital tokens will be released by the restaurant chain.It will be available both on Apple Store and Google play by next month.

 

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