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Chipotle to Accept Payments in Digital Currency Via Flexa

Chipotle to Accept Payments in Digital Currency Via Flexa

Starting now, Chiptole customers will be able to pay for their burgers and burritos in cryptocurrencies of their choice.

Chipotle, the Mexican-based fast-food restaurant chain, has announced that it will start accepting digital currency payments in all of its 2,966 restaurants via the global leader in pure-digital payments dubbed Flexa.

From now on, customers will have the option to pay for their order in 98 various cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE) as well as seven US dollar-pegged stablecoins such as USD Coin (USDC).

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However, to spend Bitcoin or other crypto, users will need to download SPEDN or Gemini mobile apps. Customers may then use the application to make a payment in-store by simply tapping it.

In addition, Chipotle is offering new customers a 10% discount on their next purchase. The deal, however, is only valid if users pay for their order in digital money using the Flexa app.

Moreover, according to a survey released on Crypto.com back in February, around 4% of retailers were already taking payments in various cryptocurrencies. However, about 60% expressed an interest to accept cryptocurrency sometime in 2023.

Flexa has also joined forces with other various businesses, including Regal Theaters, an American movie theater chain located in Knoxville, and Bancoagrícola, El Salvador-based banking institution.

Last year, the Crypto Street Restaurant located in Clearwater Beach announced that it would start accepting digital currency as payment for street food. Customers are able to pay for their order through a merchant account, or by sending the cryptocurrency directly to the restaurant owner's digital wallet.

On a funny note, back in January, Elon Musk offered to eat a kid’s meal from McDonald’s on live television if the worldwide fast-food giant agrees to add Dogecoin (DOGE) as an official payment method. However, the restaurant didn’t accept the offer.

Likewise, Panama-based financial institution Towerbank has also stated that it would start accepting Bitcoin (BTC) and allow its customers to open up crypto accounts.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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