American Fast Food Chain Chipotle Embraces Crypto Payments in the US

The popular restaurant chain – Chipotle Mexican Grill – collaborated with Flexa to allow clients to pay their bills in cryptocurrencies. The offering is available in all nearly 3,000 company locations in the United States.

In addition, the luxurious hotel located in Dubai – The Manor Hotel by JA – also plans to enable payments in digital assets.

Chipotle Joins the Crypto Universe

Chipotle Mexican Grill became one of the largest US restaurant chains to embrace cryptocurrencies as a means of payment. The partnership with Flexa means that customers can pay their bills using almost 100 digital assets (with Bitcoin, Ether, and Dogecoin being some of those).

Bitcoin, but make it **burritos.**

We’re delighted to share that @ChipotleTweets is now accepting payments in #bitcoin, #ether, #dogecoin, and more, exclusively through Flexa. https://t.co/W0ktwPX7i3

— Flexa (@FlexaHQ) June 1, 2022

The initiative encompasses all 2,979 Chipotle restaurants in the USA. Moreover, to celebrate the new offering, the company will grant a 10% discount to clients’ next purchase paid with cryptocurrencies.

Despite its massive presence in the States, Chipotle also has locations in Canada, the UK, Germany, and France. As of the moment, it remains unclear whether the company will apply the new payment option to some of those destinations.

The Mexican-style restaurant is not the only fast-food chain that has said “yes” to digital assets as payments. In 2020, Pizza Hut enabled bitcoin and other digital asset settlements in Venezuela.

Dubai’s The Manor Hotel by JA Eyeing Crypto

According to a recent coverage, the deluxe hotel located in the most populous city in the UAE intends to strike a deal with Binance and enable guests to pay their stay-ins in crypto. The offering will support several digital assets, including Bitcoin (BTC), Ether (ETH), and Binance Coin (BNB). Speaking on the matter was Mohammed Hanif Al Qassim – Managing Partner of The Manor Hotel:

“Virtual assets go in line with The Manor’s vision for sustainability and digital transformation, considering its position among top eco-friendly boutique hotels in Dubai.”

It comes as no surprise that a luxurious hotel in Dubai seeks to embrace the asset class since the city has recently turned into a global digital asset hub. Two months ago, the leading exchange – FTX – established regional headquarters there.

Shortly after, Binance received a green light from the local watchdogs to provide “limited exchange products and services” to approved investors and professional financial service providers in Dubai.

A few weeks ago, the giant flight company – Emirates Airline – disclosed intentions to introduce bitcoin as a means of payment and add NFTs on its website for trading.

Featured Image Courtesy of NYTimes