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Fast Food Giant Chipotle Adopting Crypto Assets As Digital Payment Option – The Daily Hodl

Fast Food Giant Chipotle Adopting Crypto Assets As Digital Payment Option – The Daily Hodl
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Popular fast food chain Chipotle is announcing a new partnership for the restaurant to accept crypto assets as payment.

According to a recent blog post by digital payments network Flexa, Chipotle will now be accepting crypto assets exclusively on the platform at any of its store locations in the United States.

“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.”

Flexa currently supports nearly 100 cryptocurrencies, including leading digital assets Bitcoin (BTC) and Ethereum (ETH), popular meme tokens Dogecoin (DOGE) and Shiba Inu (SHIB), as well as layer-1 protocols such as Avalanche (AVAX) and Cardano (ADA).

Recently, the chief executive of the world’s largest crypto exchange platform, Binance, commented that there are people, including himself, who would in fact use crypto assets to purchase food items.

In a new interview with CNBC’s Squawk Box, when asked if he purchases burritos using digital assets, Binance CEO Changpeng Zhao says he does because he currently doesn’t hold any fiat currency.

“I do [buy burritos with crypto]. I very often use Binance Coin (BNB) to buy things… I don’t have dollars, everything is in crypto…

You can keep a portion of your spending money in crypto so that you can pay for things remotely… buying a burrito, you can choose to, as long as it can be done, I’m definitely a small percentage of people, but there’s enough number of us.”

Would you use #Bitcoin or another #cryptocurrency to buy a burrito? @BeckyQuick asks @cz_binance: pic.twitter.com/lYWmGRjuCu

— Squawk Box (@SquawkCNBC) June 2, 2022

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/sweet kiwi/Natalia





Read More:Fast Food Giant Chipotle Adopting Crypto Assets As Digital Payment Option – The Daily Hodl

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