MacCoin, is McDonalds’s getting into Crypto?

In order to celebrate its 50th anniversary of the Big Mac, McDonalds is issuing a “MacCoin” whose price is always going to be the price of a Big Mac because you can go to a McDonalds and redeem it for a Big Mac. One thing about this that people are getting confused about is that it is not actually a cryptocurrency. It is a physical coin and not issued on the blockchain so it has no technological aspects of a crypto. It is something fun to talk about and if McDonald’s does join the Crypto game sometime and issues a coin tied to the price of their food, it could act like Tether as a stablecoin since the price of McDonalds food is relatively stable. I don’t think McDonalds wants into the game, who who knows?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s