Fast Food Restaurants Increases Use Cases For Cryptocurrencies

Popular fast food chain Chipotle is forming a new partnership that will allow 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