Chipotle Accepts Payments in Crypto

Lutfi

Chipotle Accepts Payments in Crypto

Rancakmedia.com – Chipotle begins accepting payments using crypto, including $SHIB and $DOGE. Popular Mexican-style fast food restaurant Chipotle will soon accept cryptocurrency payments through digital payments provider Flexa, which supports around 98 currencies including Bitcoin and Ethereum.

Flexa-supported cryptocurrencies include popular assets such as Bitcoin ($BTC) and Ethereum ($ETH), as well as meme-inspired cryptocurrencies such as Shiba Inu ($SHIB) and Dogecoin ($DOGE) and various stablecoins pegged to the value of the US dollar and others. other.

Flexa-enabled programs such as Gemini and SPEDN can be used to make cryptocurrency payments at Chipotle. According to a Flexa release, every Chipotle restaurant in the United States now accepts crypto payments.

The move sees Chipotle join a long list of restaurants accepting bitcoin payments. Subway was one of the first to do so, starting in early 2013.

Pizza Hut started using cryptocurrency in Venezuela in 2020, while Starbucks allows rewards members to convert cryptocurrency amounts into cash balances in the Starbucks app via third-party apps.

Flexa uses “high-quality carbon offsets confirmed to maintain a 100% carbon-negative network” to offset its carbon emissions. Thanks to the corporation, GameStop started accepting crypto payments late last year.

Flexa's Amp Token ($AMP) supports fast and secure cryptocurrency transactions, ensuring they are successful for real-world applications.

For actions that collateralize these transactions, the token holder “insures the value of any transfer” even before it is validated on the blockchain. If the Bitcoin network is clogged at the time of payment, for example, Flexa guarantees payment through the use of AMP as collateral.

As a result, those who own AMP tokens get paid for staking their money. Notably, in May this year, Flexa helped large restaurants and convenience store chains in the US start using DOGE and other cryptocurrencies as payment options as well.

Chipotle Accepts Crypto

In the United States, Chipotle has started accepting cryptocurrency payments. Don't miss CoinDesk's Consensus 2022, a festival event crypto & blockchain this year's must-attend in Austin, TX this June 9-12.

Chipotle Mexican Grill (CMG), a fast-food restaurant brand, has started accepting bitcoin payments using Flexa, a digital payments platform. Chipotle accepts crypto in flexa-enabled apps.

Customers can pay for their burritos and other Tex-Mex favorites with Flexa at any Chipotle location in the US. Bitcoin (BTC), ether (ETH), and Solana's SOL are among the 98 digital currencies supported by the Flexa platform.

Customers must download the Gemini or SPEDN apps, which store digital assets, to use Flexa for in-store transactions. Chipotle is offering a 10 percent discount to customers who pay with any digital currency through its Flexa-enabled app in honor of the company's new payment alternative.

Chipotle's foray into digital cash is not the first. For National Burrito Day last year, Chipotle announced giveaways of $100.000 in free burritos and $100.000 in bitcoin. Chipotle introduced its own virtual currency, Burrito Bucks, to the Roblox (RBLX) community along with the release of its Burrito Builder game.

At select Chipotle locations, players can exchange their Burrito Bucks for a free appetizer coupon. Chipotle joins a growing number of fast food companies experimenting with bitcoin payments and incentives.

Shake Shack (SHAK) stated in March that consumers who use Block's (SQ) Cash App debit card, Cash Card, will get 15% of their purchases back in bitcoin. Nearly a year earlier, sandwich chain Quiznos teamed up with bitcoin-accepting app Bakkt to start trial operations in Denver.

Flexa co-founder Trevor Filter believes that the expansion of digital currency payment alternatives helps both consumers and companies.

Filter told CoinDesk that “Chipotle benefits from reaching clients where they are with new payment methods they want to take advantage of.”. “And, at the same time, Chipotle customers benefit from more payment options, faster checkouts and a more seamless experience at the fast-food restaurants they already love.”

Conclusion

Mexican-style fast food restaurant chain Chipotle will soon accept crypto payments through digital payments provider Flexa. The company supports around 98 currencies including Bitcoin and Ether, as well as meme-inspired cryptocurrencies such as Shiba Inu ($SHIB) and Dogecoin ($DOGE).

Chipotle joins a growing number of fast food chains experimenting with bitcoin payments and incentives. Customers can pay for their burritos and other Tex-Mex favorites with Flexa at any Chipotle location in the US.

Bitcoin (BTC), ether (ETH), and Solana's SOL are among the 98 digital currencies supported by the Flexa platform. Customers must download the Gemini or SPEDN apps, which store digital assets, to use Flexa for in-store transactions.

Also Read

Share:

Lutfi

Hi, let me introduce myself, Lutfi Hulasoh, I am a writer and techno blogger. I started creating a personal blog writing informative articles about the latest trends and developments in technology. My writing covers a wide range of topics, from mobile applications to artificial intelligence, and I can also provide easy-to-understand explanations to help readers understand complex concepts.