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Chipotle Now Accepting Bitcoin and other cryptocurrencies as Payments

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Joyashree Dey Follow

INDIA

Jun, 10 2022

Jun, 10 2022

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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.



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Joyashree Dey

CBW - External Analyst

INDIA

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