Chipotle (CMG), the popular Mexican-style fast-food restaurant chain, now accepts payments in Bitcoin (BTC) and other cryptocurrencies through Flexa, a digital payments platform.
Flexa supports as many as 98 cryptocurrencies, including Bitcoin and Ethereum (ETH). Customers can use an app to pay for food items in any of the nearly 3,000 Chipotle restaurants across the U.S.
To pay with Flexa, customers will need to download the Gemini or SPEDN app, both of which store digital assets. Customers can then use the app and tap it in-store to make a payment.
Chipotle joins a long list of restaurants that currently accept cryptocurrencies as payment. Subway began accepting Bitcoin in stores back in 2013. Starbucks (SBUX) allows its reward members to hold cryptocurrencies in lieu of cash on its app.
Other fast-food chains are experimenting with blockchain and cryptocurrencies. Taco Bell recently filed for brand trademarks for non-fungible tokens (NFTs). Earlier this year, Wendy's worked with Meta Platforms to launch a virtual store, where users can create an avatar and sit at virtual tables with virtual food.
Chipotle’s stock is down 19% year to date at $1,374.72 U.S. a share.
