Chipotle Now Accepting Bitcoin and other cryptocurrencies as Payments


On June 1, Popular
Mexican fast-food restaurant chain Chipotle announced via press release that
they will now accept crypto payments through digital payments firm Flexa, which
supports around 98 cryptocurrencies including Bitcoin (BTC-USD), Ethereum
(ETH-USD) as well as a variety of altcoins.
Cryptocurrency
payments can be made at chipotle through Flexa-enabled applications like Gemini
and SPEDN. As per Flexa’s announcement, all Chipotle restaurant in the United
States now accepts crypto payments.
The
cryptocurrencies that Flexa upholds incorporate leading assets like Bitcoin
($BTC) and Ethereum ($ETH), as well as meme coins like Shiba Inu ($SHIB) and
Dogecoin ($DOGE) and several stablecoins attached to the worth of the U.S.
dollar and others.
U.S based consumers
can use any Flexa-enabled application to pay for their food at the restaurant.
All customers have to open the app, tap Chipotle and pay with a single scan. Flexa
is celebrating the news by offering a 10% off on burritos, bowls, and more
during their next purchase.
Chief Technology
Officer Curt Garner said the company is always searching for “innovation that
will enhance our guest experience, and that includes now accepting digital
currency payments.”
Subway was one
of the first to do so back in 2013. Chipotle join the movement of accepting
cryptocurrency payments with a long list of restaurants including Pizza hut.
In Venezuela,
Pizza Hut began accepting crypto in 2020, while Starbucks permitted reward individuals
to turn cryptocurrencies into cash balances on the Starbucks app through a
third-party app.

Joyashree Dey
CBW - External Analyst
INDIA