Origin Kebabs posted:
“So we tried to boost our “now we accept bitcoins” post and this is what FB has to say about it.”
They pointed to an alert in which Facebook took issue with the ad promoting “financial products and services such as…initial coin offerings that are frequently associated with misleading or deceptive promotional practices.” Origin Kebabs is not an ICO.
The alert goes on to say: “For ads that promote cryptocurrency and related products and services, the advertiser must first receive our prior written permission.”
So basically, Origin Kebabs can advertise that they now accept bitcoin if they receive permission from Zuckerberg’s site. That’s fine for a centralized entity like Facebook that controls data. But it doesn’t bode well for the future of FaceCoin in a decentralized ecosystem.
So we tried to boost our “now we accept Bitcoins” post and this is what FB has to say about it.
Posted by Origin Kebabs on Friday, April 26, 2019
Facebook updated its policy last June –
“So starting June 26, , we’ll be updating our policy to allow ads that promote cryptocurrency and related content from pre-approved advertisers. But we’ll continue to prohibit ads that promote binary options and initial coin offerings.”
Origin Kebab Followers Offer Advice
Origin Kebab’s followers gave the fast-food restaurant some advice, suggesting:
“Use ‘virtual curency’ instead.”
Another follower explained:
“It’s because you used the term bitcoin in your text. Facebook auto-flagged it [thinking that] you were a scammy binary option. Add the text to the image and it will get approved, no questions asked.”
Origin Kebabs Is Off the Binance Chain
Maybe Binance CEO Changpeng Zhao can talk to Mark Zuckerberg about the bitcoin ad confusion. After all, the fast-food joint isn’t just taking bitcoin. It’s also accepting Binance Coin, Ethereum, and Litecoin. And you won’t have to wait all day for your falafel because Origin Kebabs is also integrating Lightning Network technology for speedy transactions.
Binance partner TravelbyBit integrated the BNB coin at Origin Kebabs, the latter of which also has plans to move to BNB payments to the Binance Chain. Origin Kebabs General Manager Burhan Göktas is quoted in the Binance Lite blog as stating:
“After learning about crypto, I knew I had to make it a part of our business. It’s a no-brainer to sign up with TravelbyBit. I am very excited that Origin Kebabs is going to be the first to adopt BNB payments at point-of-sale, following the launch of the new Binance chain.”
For any Aussie bitcoin fans, Origin Kebabs is now accepting cryptocurrencies at the following locations –
- Queensland University of Technology (QUT)
- Westfield Chermside
About The Author
Gerelyn is a fintech and cryptocurrency journalist who started her career writing about traditional finance/Wall Street. She has been reporting on financial services for the past 15-plus years. In full disclosure, she holds bitcoin (BTC).