Changpeng Zhao, the CEO of Binance recently Tweeted a story about Burger King apparently ‘officially’ accepting Bitcoin. However, the story ended up being fake news.
In the cryptocurrency world, stories are recycled all the time. In this case, however, the headline posted by Coin Telegraph and shared by the Zhao is not just an exaggeration, but fake news completely.
The article was about Burger King allowing Bitcoin (BTC) payments in Germany to purchase food. This can all be done through a ‘mobile application,’ and the headline seems to imply the chain itself was responsible for directly processing the payments. However, as researcher Larry Cermak (@lawmaster) points out, this is “completely made up.”
As usual, this is completely made up. Burger King just started using Lieferando for its home delivery service in Germany and therefore resorts to all of their payment options. Lieferando has accepted bitcoin since July 2017.
— Larry Cermak (@lawmaster) September 4, 2019
The truth is that the story is both from July 2017 and not even true. Lieferando is a home delivery service which is connected to all kinds of food chains in Europe — so implying Burger King specifically chose Bitcoin is just pure sensationalism.
This also isn’t the first time the Binance CEO was found to be spreading misinformation either. Last week, he posted a now-deleted a Tweet complaining that Binance Coin’s price was too low, linking to a marginal story about it being included on Samsung’s Galaxy S10.
Cryptocurrency media outlets have an obligation not to recycle old stories just to get clicks. It seems that so much of the industry is suffering from this same problem. We hear of ‘partnerships’ and ‘adoption’ but in reality, it’s just a repackaging of some old news from 2018 or 2017. What’s even worse is that leaders of major cryptocurrency exchanges are also complicit.
So, as always, be wary of fake news and be sure to research multiple industry sources.
Have you noticed an uptick of fake news and recycled content in the cryptocurrency news industry? Let us know your thoughts in the comments below.
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