American fast-food franchise Chipotle is now accepting cryptocurrencies as a means of payment through the digital payments platform Flexa. Thanks to this partnership, Chipotle will be accepting cryptocurrency at any of its locations in the US. Digital payments platform Flexa shared the announcement via a medium post. “Today, we’re delighted to announce that Chipotle is now accepting digital currency payments exclusively through Flexa. Now you can spend your bitcoin and other digital currencies from any Flexa-enabled app for burritos, bowls, and more at any Chipotle restaurant in the United States—making Chipotle the latest merchant to accept digital currency payments with Flexa.”
The announcement comes amid a crypto market decline that has seen billions of dollars wiped off. Chipotle is the latest company to accept crypto payments using Flexa’s solution. Currently, Flexa supports major cryptocurrencies such as Bitcoin, Ethereum, and other coins such as Dogecoin, Shiba Inu, Cardano, etc.
Customers must download the Gemini or SPEDN app, which stores digital assets, to be able to use Flexa for in-store purchases and be able to buy food at Chipotle. Chipotle will be giving 10% off to customers who make their next purchase with any digital currency in a Flexa-enabled app. This is to encourage the use of as well as celebrate the new payment option.
Although cryptocurrencies may not be in the best place right now, their use and rate of adoption continue to grow. Their use is beginning to surpass just trading and into payments for everyday goods and services. People already use cryptocurrency to pay for food and it is expected that in the future, cryptocurrencies become a mainstream payment option.
Explaining the benefits of the partnership between Flexa and Chipotle, Flexa co-founder Trevor Filter said that “Chipotle benefits from reaching customers where they are through the new payment methods they want to use. And, at the same time, Chipotle’s customers benefit from greater payment flexibility, faster checkout, and a more seamless experience at the fast-casual restaurants they already love.”
Ibhadojemu Lucky Emmanuel is a graduate of Education and Economics from the University of Benin. He has a passion for tech and business and has been writing professionally for over a period of five years. He's written across various topics and segments and knew tech-business was it when he first stumbled on it. He has a great passion for music and arts, and wants to visit as many countries as he can someday.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
