| Customers: McDonalds Tourism, Hospitality and Restaurant Business Contractors: Lightning Network Project date: 2021/09
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On August 7, 2021, information appeared that the company McDonald's began to accept payments in bitcoins (BTC) through the Lightning Network. Journalist Aaron van Wirdum reported this after visiting the McDonald's restaurant in El Salvador, where he was presented with a printed QR code directing him to the Lightning Network. McDonald's has about two dozen restaurants in this Latin American country.
Lightning is a Layer 2 payment protocol designed to make BTC transactions more scalable. Although bitcoin succeeded as an investment asset, its acceptance as a means of exchange was limited.
The Lightning Network is likely to prove invaluable if El Salvador hopes to achieve a massive implementation of bitcoin payments. However, in addition to direct transactions, the pioneer Bitcoin of El Salvador may be successful due to the streamlining of global money transfers, the growth of the well-being of citizens and the attraction of cryptocurrency entrepreneurs to the country, Cointelegraph notes.
On September 7, 2021, El Salvador became the first sovereign state to accept Bitcoin as a legal tender along with the existing dollar currency. USA This allows residents of the country to pay taxes and other debts using Bitcoin, and enterprises to expand their payment opportunities at the expense. cryptocurrencies However, the Day of Bitcoin proclaimed in El Salvador began unsuccessfully, since the cryptocurrency market sank a little, but after 13 hours it leveled off to the previous rate.
However, El Salvador's adoption of a new digital currency did not go as smoothly as ordering a burger over the Internet. The change was the subject of protests and speculation on the topic of money laundering after it was hastily conducted through congress and introduced in just 3 months by President Nayib Bukele.
On August 6, 2021, President Nayib Bukele confirmed that his government had acquired its first bitcoin. As of September 8, 2021, 550 BTC ($26 million) were in the country's reserves[1]
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