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The fast food chain’s tweets and involvement in the crypto community have sparked interest and even memes among crypto enthusiasts.
Fast food giant McDonald’s has since regained prominence within the cryptocurrency community murmured “wagmi” in response to Binance’s tweet about lots of green candles.
Last January, U.Today reported that the world’s largest cryptocurrency fell below the $33,000 threshold, and the company posted a tweet mocking crypto investors. However, the tweet became a “bottom signal” for the market as the cryptocurrency surged to a two-week high of $41,983 in early February.
McDonald’s jokingly attributes the market recovery to tweeting the popular acronym “Wagumi.”
In late 2022, McDonald’s will begin accepting Bitcoin as a payment method in Lugano, Switzerland. Prior to that, it adopted the largest cryptocurrency in El Salvador in September 2021 after Bitcoin was adopted as legal tender.
The fast food chain has trolled Tesla CEO Elon Musk in the past, asking him to accept the fictitious cryptocurrency Grimasecoin in exchange for allowing payments in the memetic cryptocurrency Dogecoin. McDonald’s Joke The fake token created after his tweet also saw him surge 285,641% in a matter of hours as opportunists jumped at the chance to capitalize on the hype.
It’s worth noting that McDonald’s isn’t the only fast food chain being courted by the cryptocurrency community. In 2021, Burger King announced a deal with Robinhood, offering rewards in various cryptocurrencies.Shiba Inu has its own fast food restaurant after partnering with Naples-based burger joint Welly .
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